December 9, 2009 2:19 PM
David Boies Has a New Home
Posted by Brian Baxter
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.Make a comment