The new leadership at B0ies Schiller Flexner will be either flexing their law management muscle or worried about the fact that fully one fifth of their partners have left since they took over.
Firm leadership changed in December when the new management – headed by Natasha Harrison and Nick Gravante (pictured) – took over after a somewhat tumultous three years for the high profile firm.
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 in the AmLaw rankings.
Since the new leadership took over, 31 partners have left the firm with 15 going from the LA office in April. And the firm also fired a number of associates and staffers in LA.
Nick Gravante said in a statement that the departing partners “made the decision to suddenly thrust all of their former associates and staff on us” after leaving the firm “on short notice during a global pandemic.” Gravante said it wasn’t fair for Boies Schiller to bear the expense of people it doesn’t need. Gravante did not disclose how many people were fired.
More From LawFuel
- Proving Eligibility for an LGBT Protection Visa in Australia
- Sex, Secrecy, and AI -How the Eleanor Ross Scandal Blew Up ‘Confidential’ Judicial Discipline
- After Birchfield: Where DUI Blood Evidence Stands in California Practice
- Anthropic’s Legal Plug-Ins Signal a New Era for Legaltech
- BigLaw’s AI Arms Race Just Escalated As Kirkland & Ellis Puts $500 Million Behind Its Own Generative AI Platform
The legal tech arms race just moved up a weight class. Kirkland & Ellis, the world’s highest‑grossing law firm, has set aside an eye‑watering $500 million to build its own proprietary generative AI platform, rather than relying on the same off‑the‑shelf tools everyone else can buy. The strategy, revealed by firm chair Jon Ballis and first reported by the Financial Times, marks a deliberate pivot away from simply licensing commercial software. Ballis says the firm expects to spend more than $100 million this year alone on custom AI services, with hundreds of millions more to follow over the next three to four years – roughly 1% of Kirkland’s annual revenue. Log in to read . . .
Decades of bad karma coming home to roost.