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December 9, 2009 2:19 PM

David Boies Has a New Home

Posted by Brian Baxter

DavidBoies2b

UPDATE: January 4, 10:31 a.m. David Boies is on a residential real estate binge. Bloomberg reports that Boies bought a Manhattan apartment overlooking Central Park for $7.8 million after it was marked down by more than 20 percent.

The bet might not be as big as leaving Cravath, Swaine & Moore to start his own firm, but legendary litigator David Boies is plunking down $386,900 for a two-bedroom, two-bath condo in Las Vegas, according to real estate Web site BlockShopper.com.

As The American Lawyer's Andrew Longstreth reported in this profile of Boies and Boies, Schiller & Flexner, we know the firm's founding partner likes to gamble. Craps is his game, and from the Newport Lofts luxury condo complex he has a view of the Strip.

Boies is buying the condo with his wife, Mary McInnis Boies, founder and chief executive of a software company. The couple met when she was White House staff lawyer in the late 1970s and Boies was taking a sabbatical from Cravath to serve as counsel to a Senate antitrust subcommittee.

While the Las Vegas condo might be a bit crowded hosting the full Boies family, the late October purchase comes at a good time for Boies, when the $3 million in profits-per-partner at his firm reached third-highest among The Am Law 100 and condo prices had sunk to bargain basement prices.

BlockShopper reports 3,223 condo sales in Las Vegas during the past year at a median price of $60,000. The company was involved in a contentious legal battle last year with Jones Day, which objected to BlockShopper linking to the firm's Web site on stories about real estate transactions by Jones Day lawyers.

The suit spawned a debate about the right of Web sites to link freely to other sites. Jones Day settled with BlockShopper earlier this year.

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