1 00:00:00,120 --> 00:00:02,200 Speaker 1: David Boys is one of the huge stars of the 2 00:00:02,240 --> 00:00:05,400 Speaker 1: legal profession. The seventy nine year old trial lawyer has 3 00:00:05,400 --> 00:00:09,280 Speaker 1: no plans to retire, but he is relinquishing management responsibility 4 00:00:09,360 --> 00:00:12,760 Speaker 1: at his three ten lawyer firm, Boys, Chiller and Flexner. 5 00:00:13,200 --> 00:00:16,040 Speaker 1: Joining me is Casey Sullivan, Editor at large for Bloomberg 6 00:00:16,079 --> 00:00:19,040 Speaker 1: Big Law Business. He spoke to Boys about his plans 7 00:00:19,040 --> 00:00:22,160 Speaker 1: in an article entitled David Boys is trying to make 8 00:00:22,239 --> 00:00:25,680 Speaker 1: his law firm outlive him. Casey, you write that he 9 00:00:25,840 --> 00:00:28,360 Speaker 1: is one of the most connected litigators in the country. 10 00:00:28,400 --> 00:00:32,920 Speaker 1: That must be true, But tell us about Boys, sure? So, 11 00:00:33,200 --> 00:00:38,680 Speaker 1: I mean, I think as illustrates his connectivity in in 12 00:00:38,720 --> 00:00:42,360 Speaker 1: the legal market. Um. You know, he's represented clients from 13 00:00:42,680 --> 00:00:47,080 Speaker 1: Harvey Weinstein to the Weinstein Company to the New York Times, 14 00:00:47,080 --> 00:00:50,519 Speaker 1: which presented a conflict. When these sexual harassment and sexual 15 00:00:50,520 --> 00:00:54,880 Speaker 1: assault allegations emerged in the New York Times, he found himself, um, 16 00:00:54,880 --> 00:00:57,520 Speaker 1: in a situation where he would need you know both 17 00:00:57,920 --> 00:01:01,160 Speaker 1: you know, his productive production company is consent to be 18 00:01:01,200 --> 00:01:05,560 Speaker 1: able to advise both the production company and Weinstein. So um, 19 00:01:05,920 --> 00:01:08,640 Speaker 1: very well connected lawyer. Um. You know, if you go 20 00:01:08,720 --> 00:01:12,080 Speaker 1: back to you know, the Bush v. Gore, he advised 21 00:01:12,120 --> 00:01:17,360 Speaker 1: al Gore and the recount of the two thousand election, UM, 22 00:01:17,400 --> 00:01:22,000 Speaker 1: among a number of other highly notable cases. He certainly 23 00:01:22,200 --> 00:01:25,560 Speaker 1: is known to everybody who is in the legal profession 24 00:01:25,760 --> 00:01:29,520 Speaker 1: or part of it. Now he is planning to make 25 00:01:29,520 --> 00:01:31,960 Speaker 1: sure his his law firm out lives him. How is 26 00:01:32,000 --> 00:01:34,000 Speaker 1: he going to plan how is he planning to do that? 27 00:01:35,160 --> 00:01:37,479 Speaker 1: So this was a process that stunned back as far 28 00:01:37,560 --> 00:01:39,959 Speaker 1: as two thousand two, and it's really kind of been 29 00:01:40,000 --> 00:01:43,320 Speaker 1: a gradual process over time the way that he described 30 00:01:43,319 --> 00:01:46,200 Speaker 1: it to me. UM the firm formed an executive committee 31 00:01:46,200 --> 00:01:51,280 Speaker 1: initially to spread out management responsibilities throughout the firm, and 32 00:01:51,480 --> 00:01:54,680 Speaker 1: recently UM, you know, as one of the name partners 33 00:01:54,680 --> 00:01:57,520 Speaker 1: of the firm is planning to retire UM by the 34 00:01:57,640 --> 00:02:01,160 Speaker 1: end of the year. They're planning to appoint several new 35 00:02:01,200 --> 00:02:03,840 Speaker 1: members of the executive committee. And at the same time, 36 00:02:04,640 --> 00:02:07,560 Speaker 1: Boys as well as UM, the managing partners of the 37 00:02:07,600 --> 00:02:11,000 Speaker 1: firm that there are three managing partners total, are relinquishing 38 00:02:11,520 --> 00:02:15,400 Speaker 1: management responsibilities that includes hiring and promotions and you know, 39 00:02:15,560 --> 00:02:20,960 Speaker 1: overall oversight of the firm's caseload. UM throughout the entire 40 00:02:21,120 --> 00:02:24,840 Speaker 1: executive committee. Let's talk about the firm and the way 41 00:02:24,880 --> 00:02:28,840 Speaker 1: he grew the firm, because he grew it very slowly grows. 42 00:02:28,919 --> 00:02:31,160 Speaker 1: It's on a path of slow growth. And he said 43 00:02:31,200 --> 00:02:34,080 Speaker 1: he aims for less than three percent head count growth 44 00:02:34,120 --> 00:02:38,080 Speaker 1: per year. Why is that, Well, what he told me 45 00:02:38,160 --> 00:02:41,360 Speaker 1: is that, you know, he really wants to focus on quality. UM. 46 00:02:41,400 --> 00:02:44,200 Speaker 1: You know, the firm has a roughly uh slightly more 47 00:02:44,240 --> 00:02:47,560 Speaker 1: than one to one associate to partner ratio. Traditionally at 48 00:02:47,600 --> 00:02:53,480 Speaker 1: these large law firms, UM, they leverage cases uh a 49 00:02:53,560 --> 00:02:56,680 Speaker 1: lot UM and so you know there's typically more than 50 00:02:56,720 --> 00:02:59,320 Speaker 1: you know, two associates per partner at least on these 51 00:02:59,400 --> 00:03:03,359 Speaker 1: large matter is UM. And so you know, it's important 52 00:03:03,680 --> 00:03:06,880 Speaker 1: for him to to as as the firm grows, to 53 00:03:06,960 --> 00:03:11,160 Speaker 1: make sure that every single lawyer UM is able to 54 00:03:11,240 --> 00:03:15,720 Speaker 1: handle the large responsibilities that come comes with these um 55 00:03:15,760 --> 00:03:18,560 Speaker 1: really important matters. So he told me that when he 56 00:03:18,639 --> 00:03:21,040 Speaker 1: recruits out of law schools and and you know, the 57 00:03:21,160 --> 00:03:23,920 Speaker 1: firm recruits from the nation's top law schools, that you know, 58 00:03:24,000 --> 00:03:27,640 Speaker 1: he looks for candidates who are willing to take on 59 00:03:28,480 --> 00:03:32,720 Speaker 1: outsized responsibilities that you know, typically first year associates wouldn't 60 00:03:32,720 --> 00:03:35,400 Speaker 1: handle like kind of like the uh, you know, document 61 00:03:35,480 --> 00:03:38,800 Speaker 1: review and more mundane aspects of legal work. That ratio 62 00:03:39,000 --> 00:03:41,320 Speaker 1: really hit me when I saw that, because that's really 63 00:03:41,400 --> 00:03:46,119 Speaker 1: unusual in in big law firms in New York. He 64 00:03:46,440 --> 00:03:49,320 Speaker 1: what about his work right now? According to your article, 65 00:03:49,480 --> 00:03:52,960 Speaker 1: he is still working as hard as ever. Yeah, he 66 00:03:53,000 --> 00:03:54,720 Speaker 1: said that he has no plans to retire and that 67 00:03:54,800 --> 00:03:57,920 Speaker 1: he remains, you know, working uh, you know, the same 68 00:03:57,960 --> 00:04:00,960 Speaker 1: hours that he used to. He said that, uh, you know, 69 00:04:01,040 --> 00:04:03,960 Speaker 1: in relation to the amount of revenue production that he 70 00:04:04,040 --> 00:04:07,560 Speaker 1: was able to accomplish, you know, it's about a third 71 00:04:07,600 --> 00:04:09,360 Speaker 1: of what it was a decade ago. And I think 72 00:04:09,400 --> 00:04:12,640 Speaker 1: that he said that because, um, you know, to illustrate 73 00:04:12,680 --> 00:04:16,040 Speaker 1: that the firm is institutionalizing itself and growing beyond just 74 00:04:16,520 --> 00:04:19,680 Speaker 1: David Boys as you know, the prominent name partner that 75 00:04:19,760 --> 00:04:22,320 Speaker 1: people know for you know, the top lawyer that people 76 00:04:22,320 --> 00:04:25,560 Speaker 1: come to for the scandal of the day. Um. And 77 00:04:25,680 --> 00:04:28,120 Speaker 1: so you know, there are other partners who are stepping up. 78 00:04:28,760 --> 00:04:32,240 Speaker 1: Bill Isaacson as a partner who is handling um the 79 00:04:32,360 --> 00:04:36,800 Speaker 1: litigation on behalf of Apple and their nhrust claims UH 80 00:04:36,920 --> 00:04:41,560 Speaker 1: with Qualcom uh. Karen Dunn is another prominent partner who 81 00:04:41,640 --> 00:04:45,559 Speaker 1: is taking the lead on the Uber driverless car program case. 82 00:04:45,680 --> 00:04:49,520 Speaker 1: That they um are are in litigation with with WIMO, 83 00:04:49,640 --> 00:04:52,920 Speaker 1: So you know, responsibilities are being spread beyond just Boys. 84 00:04:53,560 --> 00:04:55,680 Speaker 1: It's hard to step out of his shadow. That's that's 85 00:04:55,720 --> 00:04:59,640 Speaker 1: a big, big shadow. UM. In just about thirty seconds, 86 00:04:59,680 --> 00:05:02,880 Speaker 1: just the downside of working there, you talked about a 87 00:05:02,920 --> 00:05:06,680 Speaker 1: litigation partner who wanted to take on more plaintiff's cases 88 00:05:06,880 --> 00:05:14,040 Speaker 1: and so left. Yeah, so that has actually been an 89 00:05:14,040 --> 00:05:17,919 Speaker 1: issue for the firm. UM. Client conflicts has been an issue. 90 00:05:17,920 --> 00:05:21,080 Speaker 1: And I think that because David Boys is so connected 91 00:05:21,800 --> 00:05:25,880 Speaker 1: with large corporations and a number of clients. UM. You know, 92 00:05:25,920 --> 00:05:28,560 Speaker 1: some lawyers at the firm have felt that their own 93 00:05:28,560 --> 00:05:32,800 Speaker 1: practices have been limited UM. And I think that that 94 00:05:32,839 --> 00:05:35,720 Speaker 1: came through with an interview that I had with Philippe Salendi, 95 00:05:36,560 --> 00:05:38,719 Speaker 1: partner who left the firm in two thousand six that 96 00:05:38,760 --> 00:05:41,640 Speaker 1: went on who went on to quin Emmanuel UM. He 97 00:05:41,800 --> 00:05:46,200 Speaker 1: brought a number of lawsuits against the financial services sector 98 00:05:46,240 --> 00:05:49,440 Speaker 1: after the financial crisis, and Uh, it was a case 99 00:05:49,480 --> 00:05:52,200 Speaker 1: that you wouldn't have been able to have to leave 100 00:05:52,240 --> 00:05:55,200 Speaker 1: it there. It's a great article. That's Casey Sullivant, editor 101 00:05:55,200 --> 00:05:57,839 Speaker 1: at large for Bloomberg Big Law Business coming up on 102 00:05:57,839 --> 00:06:00,520 Speaker 1: Bloomberg Law does it Supreme Court have an averse into math,