REUTERS/Andrew Kelly

David Boies says move to Italy cements firm’s EU foothold

(Reuters) – David Boies is banking on Italy as a hub for his regulation firm’s European operations, debuting a brand new Boies Schiller Flexner workplace in Milan and suggesting Rome could also be subsequent.

The agency on Monday stated it’s going to host at the least 15 attorneys in Milan, together with 4 companions. Luigi Macioce, Alessia Allegretti and Stefano Zonca will function the workplace’s founding companions, joined by companion Giancarlo Morelli and 11 different legal professionals, all from Italian regulation agency RP Authorized & Tax.

Boies Schiller has searched for years to open an workplace on the European continent, stated agency co-founder and chairman Boies.

“Given the international nature of a lot of our practice, we felt it was important to have an office in the EU,” Boies stated.

The UK’s exit from the European Union made the search “a more important objective,” Boies stated. The agency already has an workplace in London with 17 legal professionals, in accordance to its web site.

Milan is a big financial middle and likewise a hub for worldwide arbitration work, which the agency is wanting to increase. And Boies indicated his firm’s Italian ambitions will not cease there. “Our next office in Europe will not be in another country. It will probably be to develop the Italian presence by opening in Rome,” he stated.

Boies stated the agency has additionally checked out opening an workplace in Asia, however that may require a much bigger funding and stronger shopper demand than it presently has there.

“You can open an office in Italy, or for that matter in Paris or Berlin or Madrid, and effectively service the EU. It’s much harder to open an office in Hong Kong and serve Japan or India or even interior China,” he stated.

Boies Schiller has seen a gradual stream of high-profile companion departures since 2020, with departing attorneys citing considerations over transparency, tradition and the well being of the agency, amongst different components, as causes for leaving.

Regardless of these departures, in addition to unfavourable publicity over his work for Hollywood producer-turned convicted intercourse offender Harvey Weinstein and failed blood-testing startup Theranos, Boies stated the agency has not struggled to recruit new legal professionals.

“The issues you have mentioned have always represented a tiny, tiny fraction of what the firm has done. I think our clients have found that, I think prospective clients have found that, and I think lawyers we talk to do as well,” Boies stated.

Aside from the Milan group, three U.S. companions have joined Boies Schiller this 12 months.

Learn Extra:

West Coast prosecutor is second new Boies Schiller companion this month

David Thomas

David Thomas experiences on the enterprise of regulation, together with regulation agency technique, hiring, mergers and litigation. He’s based mostly out of Chicago. He might be reached at [email protected] and on Twitter @DaveThomas5150.