High flying and aggressive US-based law firm Boies Schiller continues to make the news, the latest interest being around the law firm’s apparent failure to make the raises to associates which was apparently due to be made on October 15, then at the end of the month and now . .
The obvious rumors reported in American Lawyer and elsewhere are that there may be cash flow issues for the firm which has recently faced issues around departing partners.
The firm has had a tumultuous time of late with departing partners. Among the issues facing the firm have been bad press received by founder David Boies with his controversial work for profile clients, as well as a slip for the firm in the AmLaw rankings.
Since the new leadership took over the firm, 31 partners have left the firm with 15 going from the LA office in April. The firm also fired a number of associates and staffers in LA.
The original pay plan was for the law firm to match those paid by Cravath Swaine & Moore, but now concerns are arising about the reason for the non-payment.
Firm co-chief Natasha Harrison received a high profile piece in The Times recently, where ‘the lawyer from Croyden’ moved from the UK to the US to co-manage the firm, but clearly faces challenges with the recent events, both economically and in terms of whatever the Boies Schiller balance sheet reveals.
- The Challenges & Changing Face Of New Zealand Law Firms
Putting the 2022 LawFuel Power List together revealed some of the challenges and developments occurring with New Zealand law firms, apart from …The Challenges & Changing Face Of New Zealand Law Firms Read More »
- Fast Growing Aussie Law Firm Expands to New Zealand
Fast-growing Australian law firm Hamilton Locke is expanding its operations to New Zealand, with the aim of bringing to New Zealand the …Fast Growing Aussie Law Firm Expands to New Zealand Read More »
- Australian Banks Settle Slater & Gordon Class Action
Three of Australia’s big four banks have settled class action lawsuits following an action brought by Slater & Gordon over the sale …Australian Banks Settle Slater & Gordon Class Action Read More »
- Law Firm Profits Shrink and Layoffs Loom
A new report indicates tougher times ahead for law firms as they take a gloomy approach to looming recession and declining M&A … - Meredith Connell Recruit Clifford Chance COO As Chief Executive
Meredith Connell have recruited former Chief Operating Officer for the UK at Magic Circle law firm Clifford Chance as the firm’s new …Meredith Connell Recruit Clifford Chance COO As Chief Executive Read More »
- GunnerCooke Gonna Make It In USA
Innovative UK law firm gunnercooke has launched its first US office as it develops its international growth strategy to continue on its … - Clifford Chance: The metaverse: When is real estate no longer real?
Approximately US$2 billion worth of ‘land’ has changed hands so far this year without a single human ever setting foot on it …Clifford Chance: The metaverse: When is real estate no longer real? Read More »