Baron was one of the founders of Baron & Budd, P.C., a Dallas, Texas law firm and a former president of the Association of Trial Lawyers of America. Fred Baron sold his interest in Baron & Budd and retired from the firm in December 2002. His former firm has become one of the largest firms in the country representing victims of toxic and chemical exposure particularly claims of asbestos exposure.
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As of the end of the 2022, renovations have altered the structure, with two glass additions. Google's imagery shows the additions still under construction.