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- Deutsche Bank Is Weighing Massive Cuts in Its U.S. Cash Equities Unit
- Richard Jenrette, Co-Founder of DLJ Investment Bank, Dies at 89
- Goldman Sachs Makes First Hire in Cryptocurrency Markets Unit
- Special FINRA Election to Fill Large Firm Governor Vacancy
- Chicago-Based Investment Adviser Sentenced to 151 Months in Prison - SEC
- Dun & Bradstreet Hit With FCPA Violations - SEC
- SEC Charges Additional Defendant in Fraudulent ICO Scheme
- Warren Buffett Simply Blew it on Wells Fargo Stock: Dick Bove (Video)
- Barclays and Deutsche Bank to Lag U.S. Trading Peers
- NY AG Schneiderman Seeks to Close Loophole That Could Let Trump Pardons Block State Charges
- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
- Billionaire HF Manager and The Fed Chair Runner-Up are Investing in New Cryptocurrency
- Court Finds 2 Brokers Liable for Fraud Involving Mortgage-Backed Securities
- One FINRA: An Organization’s Commitment to Diversity and Inclusion
- 2018 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
- Barclays Eyes Move Into Cryptocurrency Trading
- Goldman Breaks From Wall Street Pack with Bond-Trading Boom
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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.”