The inside story behind a 15-partner exodus at elite law firm Boies Schiller - Business Insider

His firm Boies Schiller, which once grew to become about 350 lawyers after several mergers and hires, has seen a steady stream of partner exits over the past year, including prominent individuals who have advised clients ranging from Uber to Deutsche Bank.

But in 2016, partners began contemplating the firm's future. Associates who were up for partner were not yet substantial business generators to sustain firm revenues. And Caldwell, one of the most senior members, was considering when to wind down his practice. Partners were excited about the deal, in part, because it meant bringing their practice to a national platform with a revered reputation for high-stakes cases.

Both felt their practices didn't mesh at Boies Schiller for a variety of reasons, according to people familiar with the matter. And they also felt like they were kept in the dark about some things, like how compensation was settled and overall insight into firm finances. "I think that the firm is incredibly transparent, but according to some people we have more work to do in that area," said Gravante. "And it's something that continues to be actively considered and worked on."

"That doesn't mean our culture is better than theirs or their culture is better than ours," he added. "We just ended up being a complete cultural mismatch."Some partners, though, stayed with the firm despite the initial exits in 2018 and 2019. In the end, talks accelerated over Zoom and virtual conference meetings, as the coronavirus prevented in-person talks, marking the end of a process that included some 50 King & Spalding partners, according to interviews with Los Angeles managing partner Peter Strotz, and another partner and longtime friend of Willingham, Joe Akrotirianakis.

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