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Stories of Interest
- SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures
- SEC Charges Former Bitcoin Exchange and Its Founder With Fraud
- JPMorgan Chase to Replace NYC Headquarters with 70-Story Skyscraper
- Citigroup Raises CEO Corbat's Pay 48% to $23Mn
- Should Congress Create a Crypto-Cop?
- JPMorgan Weighs Buying an Exchange-Traded Funds Firm
- Hey, Goldman Sachs: Wanna Buy BNY Mellon?
- SEC Order Rejecting Acquisition of Chicago Stock Exchange (CSX) by Chinese-Baesd Company
- Kyle Moffatt Named Chief Accountant in SEC CorpFinance
- SEC Suspends Trading in 3 Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology
- Karen Garnett, Assoc. Director of SEC CorpFinance, to Leave After 23 Years of Service
- Louisiana Adviser Barred for Hiding Losses from Investors
- Connecticut HF Manager Illegally Diverted Investor Money - Now Owes Nearly $13Mn
- White House Cleaning House of Advisors Without Full Security Clearance
- Goldman Projects 30% Growth in Wealth Management Advisor Force
- Whistleblower Alleges Manipulation of CBOE Volatility Index
- FINRA Looking Into VIX (CBOE Volatility Index) Manipulation: WSJ
- Atlanta-Area Resident Charged with Misusing Investor Funds - SEC
- FINRA Announces 2018 West Region Networking Seminar
- Alberto Arevalo, Associate Director in Office of International Affairs, to Retire From SEC
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NEWSLETTERS & ALERTS
Boies Schiller to Close 20-Lawyer Corporate Practice
Boies Schiller & Flexner is winding down its 20-lawyer corporate practice; five partners - Robert Leung, Mike Huang, Stefan dePozsgay, Jason Hill, and Russell Franklin – have joined Paul Hastings. David Boise founded the 300-lawyer litigation law firm in 1997.
According to David Boies, the decision came down to the overwhelming challenges of this ‘boutique corporate practice’ to compete against larger competitors. David Boies had been in discussions with son Chris, who heads the corporate group, about these issues. One of the options for the corporate group to solve its lack of scale was to rapidly expand through lateral hires and poaching from competitors. Ultimately, it was decided that the corporate practice would be better off seeking to join another law firm.
“You need to have a scope and scale that offers clients a broad spectrum of corporate expertise at the highest level.” - - Boies.
Chris Boies joined the firm in 1997 from Credit Suisse, where he was an investment banker. While Chris has not mentioned his future plans, it’s expected that he will join a client and return to the business side.
Seth Zachary, chair of Paul Hastings, said in a statement that the addition from Boies Schiller “reflects increasing client demand for help with large and complex cross-border transactions and capital flows.”