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Boies Schiller

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uuid00064gm

Namestring
Boies Schiller
Legal namestring
Boies Schiller Flexner LLP
Websiteurl
bsfllp.com
Company typeenum
Private
Founded yearint
1997
Descriptiontext

Boies Schiller Flexner LLP is a private litigation-focused law firm founded in 1997 by David Boies, Donald Flexner, and Jonathan D. Schiller. The firm represents Fortune 500 corporations, governments, and high-net-worth individuals in complex, high-stakes disputes. Practice areas include antitrust and competition, securities and shareholder disputes, class actions, intellectual property litigation, international arbitration, global investigations and white collar defense, sexual misconduct litigation, and an Artificial Intelligence practice. Lead trial counsel roles have included United States v. Microsoft and the AT&T breakup case. The firm maintains 13 offices across the United States (New York, Albany, Armonk, Fort Lauderdale, Las Vegas, Los Angeles, Miami, San Francisco, Washington D.C.), the United Kingdom (London), and Italy (Milan and Rome), with 501-1,000 employees.

Revenue is generated through traditional hourly billing on complex litigation matters and contingency fee arrangements on plaintiff-side and class action matters. Disclosed case outcomes indicate substantial episodic value capture per matter, including a $425.7 million verdict against Google in Rodriguez v. Google (2025), a $14.7 billion settlement in the Volkswagen Clean Diesel litigation, a $2.25 billion recovery for American Express, $1.5 billion in the Takata airbag MDL, $512 million in the Auction Houses Antitrust Litigation, and over $440 million in the Polyurethane Foam Antitrust settlements. The firm does not publicly disclose revenue, has no parent company, and operates without external institutional investors; partnership equity is held among partners under a formula compensation system that ties associate earnings to hours billed, business generation, and premium recoveries from contingency engagements.

From a technology standpoint, the firm does not develop proprietary technology products, but uses standard legal technology tools and AI systems internally for legal research, e-discovery, and case management. Client acquisition and distribution occur through partner-led business development, lateral hires of high-profile attorneys, word-of-mouth referrals from successful case outcomes, and external recognition via Chambers USA, Chambers Global, Legal 500, the IAM Patent 1000, and American Antitrust Institute awards. Competitive positioning rests on willingness to take cases to trial, dual plaintiff and defendant capability, a senior team that includes former senior officials from the U.S. Department of Justice and the Federal Trade Commission, and a lawyer base in which over 40% have completed federal clerkships.

Short descriptiontext

Boies Schiller Flexner LLP is a private litigation-focused law firm representing Fortune 500 corporations, governments, and high-net-worth individuals in complex antitrust, securities, class action, IP, and white collar defense matters across 13 offices in the US, UK, and Italy.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersArmonk, United States
HQ citystring
Armonk
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices12 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
complex commercial litigation, antitrust litigation services, securities class actions, intellectual property litigation, white collar defense
Industry2 codes
1Mergers & Acquisitions (M&A) & Securities Law
CodeBPAHAAAIPrimaryYes
2M&A Advisory (Buy-Side & Sell-Side)
CodeBPAHAOAAPrimaryNo
NAICS code2 codes
  • Legal Services5411
  • Offices of Lawyers541110
SIC code1 code
  • Services-Legal Services8111
Product category
Litigation Law Services
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Legal Services - Hourly Billing
TypeProfessional Services
Description

Traditional hourly billing for legal representation in complex litigation matters, including antitrust, securities, intellectual property, and other practice areas.

bsfllp.com
2Contingency Fee Arrangements
TypeProfessional Services
Description

The firm participates in contingency fee arrangements, particularly in class action and plaintiff-side litigation, where attorneys share in successful recoveries.

bsfllp.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Boies Schiller Flexner LLP is a premier litigation-focused law firm providing comprehensive legal representation in complex, high-stakes disputes. The firm serves both plaintiffs and defendants across practice areas including antitrust and competition, securities and shareholder disputes, class actions, intellectual property litigation, international arbitration, global investigations and white collar defense, sexual misconduct litigation, and artificial intelligence matters. Its core clients are Fortune 500 corporations, governments, large enterprises, and plaintiff classes pursuing landmark litigation outcomes.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 7 values shown
  • $425.7 million verdict against Google in Rodriguez v. Google (2025)
+6 more records
Product overview1 text field

Boies Schiller Flexner LLP is a premier litigation-focused law firm offering comprehensive legal services across multiple practice areas. The firm operates as a unified full-service litigation practice rather than a modular product platform. Its core offerings include Antitrust and Competition, Securities and Shareholder Disputes, Class Actions, Intellectual Property Litigation, International Arbitration, Global Investigations and White Collar Defense, Sexual Misconduct Litigation, and Artificial Intelligence practice areas. The firm represents both plaintiffs and defendants in high-stakes disputes, distinguished by its willingness to take cases to trial and its track record of landmark litigation outcomes.

Product and service9 records
1Antitrust and Competition
CategoryLegal Services - Antitrust
Description

Comprehensive antitrust litigation services representing both plaintiffs and defendants in complex high-stakes antitrust cases, including class actions and merger defense, with deep experience in two-sided markets and internet-age competition.

2Securities and Shareholder Disputes
CategoryLegal Services - Securities Litigation
Description

Trial representation for corporations, directors, officers, investment banks, and shareholders in high-stakes securities litigation and class actions involving securities fraud.

3Class Actions
CategoryLegal Services - Class Action
Description

Represents plaintiff classes and defendants (including Fortune 500 companies) in class actions involving securities fraud, antitrust, and consumer protection violations.

4Intellectual Property Litigation
CategoryLegal Services - IP Litigation
Description

Patent, copyright, trademark, and trade secret litigation representing both plaintiffs and defendants in high-stakes IP disputes.

5International Arbitration
CategoryLegal Services - International Arbitration
Description

Handles international arbitration matters, including disputes involving governments, mining projects, and politically sensitive international investments.

6Global Investigations and White Collar Defense
CategoryLegal Services - White Collar Defense
Description

Represents clients in government investigations, regulatory enforcement matters, SEC enforcement proceedings, and white collar criminal defense.

7Sexual Misconduct Litigation and Investigations
CategoryLegal Services - Victim Representation
Description

Represents victims in sexual misconduct litigation and investigations.

8Artificial Intelligence Practice
CategoryLegal Services - AI Law
Description

Handles AI-related legal matters including copyright cases against major AI companies, AI policy advocacy, and legal guidance on AI-related disputes.

9Crisis Management
CategoryLegal Services - Crisis Management
Description

Provides strategic counsel and litigation services for clients facing reputational and legal crises.

Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2020-06-30
Description

Boies Schiller Flexner joined as a charter member of the Law Firm Antiracism Alliance (LFAA), a coalition of law firms committed to working with legal services organizations to amplify voices of communities oppressed by racism, use the law as a vehicle for change, and promote racial equity in the law. The alliance focuses on legislative and advocacy strategies, high-impact litigation, and examining internal policies to eliminate racial inequities.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Major New York-headquartered full-service law firm with a premier litigation practice spanning securities, antitrust, and white collar defense. Competes with BSF on large-scale corporate disputes while also offering transactional services BSF does not.

TypeBroad incumbent
Description

Largest US law firm by revenue with a sizable commercial litigation practice. Competes with BSF for high-end trial mandates and lateral talent.

TypeBroad incumbent
Description

Global full-service firm with a major litigation practice and 1,000+ attorneys across multiple offices. Benchmarked in BSF's own materials as a comparable-scale competitor in commercial disputes.

TypeBroad incumbent
Description

Premier full-service New York firm with a top-tier litigation department handling securities, antitrust, and M&A-related disputes. Competes for the same Fortune 500 and institutional clients BSF targets.

TypeDirect peer
Description

Plaintiff-side global litigation boutique specializing in antitrust and commercial class actions. Has served as co-counsel with BSF on major matters (e.g., Blue Cross Blue Shield Antitrust MDL, American Antitrust Institute award).

TypeDirect peer
Description

Top-tier plaintiff-side complex litigation boutique with deep practices in antitrust, securities, and consumer protection. Competes directly with BSF's plaintiff-side practice for lead counsel roles in major class actions.

TypeDirect peer
Description

Largest litigation-only global law firm, widely considered Boies Schiller Flexner's closest direct competitor in elite trial work. Both firms concentrate on high-stakes commercial litigation and arbitration, with similar plaintiff-and-defense models and a willingness to take cases to verdict.

TypeBroad incumbent
Description

Elite New York litigation and M&A boutique known for highest-stakes corporate and securities litigation. Frequently retained as opposing or co-counsel in the matters where BSF is engaged.

TypeBroad incumbent
Description

Large global firm with one of the most active litigation departments in the US, frequently representing Fortune 500 defendants. Overlaps with BSF in securities, antitrust, and class action defense.

TypeDirect peer
Description

Elite boutique trial firm with comparable plaintiff-side bet-the-company practice and similar contingency fee economics. Directly competes for high-stakes commercial, antitrust, and intellectual property verdicts.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers12 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Boies Schiller

Litigation Law Servicesbsfllp.com

Boies Schiller Flexner LLP is a private litigation-focused law firm representing Fortune 500 corporations, governments, and high-net-worth individuals in complex antitrust, securities, class action, IP, and white collar defense matters across 13 offices in the US, UK, and Italy.

What Boies Schiller does

Boies Schiller Flexner LLP is a private litigation-focused law firm founded in 1997 by David Boies, Donald Flexner, and Jonathan D. Schiller. The firm represents Fortune 500 corporations, governments, and high-net-worth individuals in complex, high-stakes disputes. Practice areas include antitrust and competition, securities and shareholder disputes, class actions, intellectual property litigation, international arbitration, global investigations and white collar defense, sexual misconduct litigation, and an Artificial Intelligence practice. Lead trial counsel roles have included United States v. Microsoft and the AT&T breakup case. The firm maintains 13 offices across the United States (New York, Albany, Armonk, Fort Lauderdale, Las Vegas, Los Angeles, Miami, San Francisco, Washington D.C.), the United Kingdom (London), and Italy (Milan and Rome), with 501-1,000 employees.

Revenue is generated through traditional hourly billing on complex litigation matters and contingency fee arrangements on plaintiff-side and class action matters. Disclosed case outcomes indicate substantial episodic value capture per matter, including a $425.7 million verdict against Google in Rodriguez v. Google (2025), a $14.7 billion settlement in the Volkswagen Clean Diesel litigation, a $2.25 billion recovery for American Express, $1.5 billion in the Takata airbag MDL, $512 million in the Auction Houses Antitrust Litigation, and over $440 million in the Polyurethane Foam Antitrust settlements. The firm does not publicly disclose revenue, has no parent company, and operates without external institutional investors; partnership equity is held among partners under a formula compensation system that ties associate earnings to hours billed, business generation, and premium recoveries from contingency engagements.

From a technology standpoint, the firm does not develop proprietary technology products, but uses standard legal technology tools and AI systems internally for legal research, e-discovery, and case management. Client acquisition and distribution occur through partner-led business development, lateral hires of high-profile attorneys, word-of-mouth referrals from successful case outcomes, and external recognition via Chambers USA, Chambers Global, Legal 500, the IAM Patent 1000, and American Antitrust Institute awards. Competitive positioning rests on willingness to take cases to trial, dual plaintiff and defendant capability, a senior team that includes former senior officials from the U.S. Department of Justice and the Federal Trade Commission, and a lawyer base in which over 40% have completed federal clerkships.

Boies Schiller firmographics

Firmographics
Name
Boies Schiller
Legal name
Boies Schiller Flexner LLP
Website
https://bsfllp.com
Company type
Private
Founded year
1997
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Boies Schiller Flexner LLP is a private litigation-focused law firm representing Fortune 500 corporations, governments, and high-net-worth individuals in complex antitrust, securities, class action, IP, and white collar defense matters across 13 offices in the US, UK, and Italy.
Ownership category
akta.pro rank

Boies Schiller industry classification

Industry
Product category
Litigation Law Services
NAICS
Legal Services (5411), Offices of Lawyers (541110)
SIC
Services-Legal Services (8111)
akta.pro primary industry
Mergers & Acquisitions (M&A) & Securities Law (BPAHAAAI)
akta.pro secondary industry
M&A Advisory (Buy-Side & Sell-Side) (BPAHAOAA)

Keywords

  • Complex commercial litigation
  • Antitrust litigation services
  • Securities class actions
  • Intellectual property litigation
  • White collar defense

Where Boies Schiller is headquartered

Location

Headquarters

HQ city
Armonk
HQ country
United States
HQ region
North America

Offices12 records

Markets served

Boies Schiller business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Legal Services - Hourly Billing: Traditional hourly billing for legal representation in complex litigation matters, including antitrust, securities, intellectual property, and other practice areas.
  2. Contingency Fee Arrangements: The firm participates in contingency fee arrangements, particularly in class action and plaintiff-side litigation, where attorneys share in successful recoveries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Boies Schiller product offering

Product offering

Core offering

Boies Schiller Flexner LLP is a premier litigation-focused law firm providing comprehensive legal representation in complex, high-stakes disputes. The firm serves both plaintiffs and defendants across practice areas including antitrust and competition, securities and shareholder disputes, class actions, intellectual property litigation, international arbitration, global investigations and white collar defense, sexual misconduct litigation, and artificial intelligence matters. Its core clients are Fortune 500 corporations, governments, large enterprises, and plaintiff classes pursuing landmark litigation outcomes.

Product overview

Boies Schiller Flexner LLP is a premier litigation-focused law firm offering comprehensive legal services across multiple practice areas. The firm operates as a unified full-service litigation practice rather than a modular product platform. Its core offerings include Antitrust and Competition, Securities and Shareholder Disputes, Class Actions, Intellectual Property Litigation, International Arbitration, Global Investigations and White Collar Defense, Sexual Misconduct Litigation, and Artificial Intelligence practice areas. The firm represents both plaintiffs and defendants in high-stakes disputes, distinguished by its willingness to take cases to trial and its track record of landmark litigation outcomes.

Differentiator

Problem solved

Functional benefit

Products and services

  • Antitrust and Competition Comprehensive antitrust litigation services representing both plaintiffs and defendants in complex high-stakes antitrust cases, including class actions and merger defense, with deep experience in two-sided markets and internet-age competition.
  • Securities and Shareholder Disputes Trial representation for corporations, directors, officers, investment banks, and shareholders in high-stakes securities litigation and class actions involving securities fraud.
  • Class Actions Represents plaintiff classes and defendants (including Fortune 500 companies) in class actions involving securities fraud, antitrust, and consumer protection violations.
  • Intellectual Property Litigation Patent, copyright, trademark, and trade secret litigation representing both plaintiffs and defendants in high-stakes IP disputes.
  • International Arbitration Handles international arbitration matters, including disputes involving governments, mining projects, and politically sensitive international investments.
  • Global Investigations and White Collar Defense Represents clients in government investigations, regulatory enforcement matters, SEC enforcement proceedings, and white collar criminal defense.
  • Sexual Misconduct Litigation and Investigations Represents victims in sexual misconduct litigation and investigations.
  • Artificial Intelligence Practice Handles AI-related legal matters including copyright cases against major AI companies, AI policy advocacy, and legal guidance on AI-related disputes.
  • Crisis Management Provides strategic counsel and litigation services for clients facing reputational and legal crises.

Quantifiable outcome

  • $425.7 million verdict against Google in Rodriguez v. Google (2025)
  • +6 more outcomes

Companies that use Boies Schiller

Customer profile

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Boies Schiller technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Boies Schiller partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Law Firm Antiracism AlliancecoreStrategic or Co-development Partner · 30 June 2020Boies Schiller Flexner joined as a charter member of the Law Firm Antiracism Alliance (LFAA), a coalition of law firms committed to working with legal services organizations to amplify voices of communities oppressed by racism, use the law as a vehicle for change, and promote racial equity in the law. The alliance focuses on legislative and advocacy strategies, high-impact litigation, and examining internal policies to eliminate racial inequities.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Boies Schiller competitors and assessment

Company assessment

Broad incumbents

  • Paul, Weiss, Rifkind, Wharton & Garrison: Major New York-headquartered full-service law firm with a premier litigation practice spanning securities, antitrust, and white collar defense. Competes with BSF on large-scale corporate disputes while also offering transactional services BSF does not.
  • Kirkland & Ellis: Largest US law firm by revenue with a sizable commercial litigation practice. Competes with BSF for high-end trial mandates and lateral talent.
  • Sullivan & Cromwell: Global full-service firm with a major litigation practice and 1,000+ attorneys across multiple offices. Benchmarked in BSF's own materials as a comparable-scale competitor in commercial disputes.
  • Cravath, Swaine & Moore: Premier full-service New York firm with a top-tier litigation department handling securities, antitrust, and M&A-related disputes. Competes for the same Fortune 500 and institutional clients BSF targets.
  • Wachtell, Lipton, Rosen & Katz: Elite New York litigation and M&A boutique known for highest-stakes corporate and securities litigation. Frequently retained as opposing or co-counsel in the matters where BSF is engaged.
  • Skadden, Arps, Slate, Meagher & Flom: Large global firm with one of the most active litigation departments in the US, frequently representing Fortune 500 defendants. Overlaps with BSF in securities, antitrust, and class action defense.

Direct peers

  • Hausfeld LLP: Plaintiff-side global litigation boutique specializing in antitrust and commercial class actions. Has served as co-counsel with BSF on major matters (e.g., Blue Cross Blue Shield Antitrust MDL, American Antitrust Institute award).
  • Cohen Milstein Sellers & Toll: Top-tier plaintiff-side complex litigation boutique with deep practices in antitrust, securities, and consumer protection. Competes directly with BSF's plaintiff-side practice for lead counsel roles in major class actions.
  • Quinn Emanuel Urquhart & Sullivan: Largest litigation-only global law firm, widely considered Boies Schiller Flexner's closest direct competitor in elite trial work. Both firms concentrate on high-stakes commercial litigation and arbitration, with similar plaintiff-and-defense models and a willingness to take cases to verdict.
  • Susman Godfrey: Elite boutique trial firm with comparable plaintiff-side bet-the-company practice and similar contingency fee economics. Directly competes for high-stakes commercial, antitrust, and intellectual property verdicts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Boies Schiller social profiles

Digital presence

Boies Schiller financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Boies Schiller leadership team

Management profile

Number of profiles

Profiles6 records

Boies Schiller funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Boies Schiller M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boies Schiller

What does Boies Schiller do?

Boies Schiller Flexner LLP is a premier litigation-focused law firm providing comprehensive legal representation in complex, high-stakes disputes. The firm serves both plaintiffs and defendants across practice areas including antitrust and competition, securities and shareholder disputes, class actions, intellectual property litigation, international arbitration, global investigations and white collar defense, sexual misconduct litigation, and artificial intelligence matters. Its core clients are Fortune 500 corporations, governments, large enterprises, and plaintiff classes pursuing landmark litigation outcomes.

Is Boies Schiller a public or private company?

Boies Schiller is a private company. It is classified as management employee owned and is currently operating.

When was Boies Schiller founded?

Boies Schiller was founded in 1997. It employs 501 to 1,000 people.

Where is Boies Schiller based?

Boies Schiller is headquartered in Armonk, United States, in the North America region.

How does Boies Schiller make money?

Two revenue lines are on record. Legal Services - Hourly Billing is the primary driver. The others are contingency Fee Arrangements.

Who are Boies Schiller's main competitors?

Broad incumbents on record are Paul, Weiss, Rifkind, Wharton & Garrison, Kirkland & Ellis, Sullivan & Cromwell, Cravath, Swaine & Moore, Wachtell, Lipton, Rosen & Katz and Skadden, Arps, Slate, Meagher & Flom. Direct peers are Hausfeld LLP, Cohen Milstein Sellers & Toll, Quinn Emanuel Urquhart & Sullivan and Susman Godfrey.

Does Boies Schiller have an API?

No public API is recorded for Boies Schiller.

What industry is Boies Schiller in?

Boies Schiller's product category is Litigation Law Services. Its primary akta.pro industry code is BPAHAAAI, Mergers & Acquisitions (M&A) & Securities Law, with a secondary code of BPAHAOAA, M&A Advisory (Buy-Side & Sell-Side). Its NAICS code is 5411 and its SIC code is 8111.

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Live signals
Law360Boies Schiller Gets Womble Bond AI Practice Co-FounderBoies Schiller Flexner LLP added an intellectual property attorney who co-founded Womble Bond & Dickinson's AI and machine learning practice and led two of his former firm's San Francisco-area offices. The announcement was made on Monday.Law360Ex-Blanche, Bondi Aide To Join Boies Schiller In DCA former chief of staff at the U.S. Attorney General's Office for both Todd Blanche and Pam Bondi is joining Boies Schiller Flexner as a partner in Washington, D.C., the firm announced Monday. The announcement did not disclose the individual's name or specific role.Law3602nd Circ. Nixes $900M Suit Against Boies Schiller, DentonsThe Second Circuit refused to revive a racketeering lawsuit seeking up to $900 million against Dentons and Boies Schiller Flexner LLP. The suit accused the firms of misleading a former client over a deal and arbitration involving Senegal's state-owned energy company.WebProNewsWall Street Elite's AI Blunder: Fabricated Citations Expose Cracks in Legal Tech RelianceSullivan & Cromwell, a major Wall Street law firm, filed a court motion in April 2026 containing approximately 40 AI-generated hallucinations including bogus citations and non-existent cases in a bankruptcy proceeding tied to a Cambodian scam conglomerate. The firm, which holds an enterprise license for OpenAI's ChatGPT, had to submit corrections and apologize after opposing counsel Boies Schiller Flexner flagged the errors, prompting an internal investigation. This incident is part of a broader pattern across the legal industry, with courts sanctioning multiple firms—including Morgan & Morgan—for similar AI fabrication errors, while databases track over 1,300 such incidents in legal filings.CoinTelegraphUS Law Firm Apologizes For AI Hallucinations in FilingWall Street law firm Sullivan & Cromwell apologized to Chief Judge Martin Glenn of the US Bankruptcy Court for the Southern District of New York after submitting an emergency motion containing approximately 40 incorrect citations caused by AI hallucinations. The firm's co-head of global restructuring, Andrew Dietderich, acknowledged that internal review policies designed to catch AI-generated errors were not followed, taking responsibility for the failure. The errors were identified by rival law firm Boies Schiller Flexner LLP, and Sullivan & Cromwell is conducting an internal investigation while evaluating enhancements to its AI oversight procedures.Business InsiderAI hallucinated — and now an elite law firm is profusely apologizing to a federal judgeElite Wall Street law firm Sullivan & Cromwell issued a written apology to Chief Judge Martin Glenn for submitting a bankruptcy court filing that contained AI hallucinations—fabricated case citations and non-existent legal sources. The errors were detected by opposing counsel Boies Schiller Flexner, which represented creditors in the Prince Global Holdings bankruptcy case. Sullivan & Cromwell, a 140-year-old firm with over 1,000 attorneys, acknowledged that while it has comprehensive AI usage policies, those safeguards and the firm's citation review process both failed.The Straits TimesUS judge preliminarily approves $35 million settlement between Epstein estate, accusersA U.S. judge granted preliminary approval on March 3 to a settlement where Jeffrey Epstein's estate will pay up to $35 million to resolve a class action lawsuit filed in 2024 against his former personal lawyer Darren Indyke and former accountant Richard Kahn, who serve as co-executors of the estate. The settlement, announced by law firm Boies Schiller Flexner on February 19, awaits final approval at a hearing scheduled for September 16, with lawyers for the defendants stating no admission of misconduct was made as part of the deal.The IndependentJeffrey Epstein’s estate agrees to $35 million settlement in victim class actionJeffrey Epstein's estate agreed to pay up to $35 million to settle a class action lawsuit filed against co-executors Darren Indyke and Richard Kahn, who were accused of aiding and abetting Epstein's sex trafficking. Boies Schiller Flexner, the law firm representing the victims, announced the settlement in federal court in Manhattan, though the co-executors deny any misconduct and say they settled only to achieve finality. The settlement follows over $170 million in previous payouts to victims from the estate, including a $121 million restitution fund and $49 million in additional settlements.ReutersEpstein estate agrees to $35 million settlement in victim class actionJeffrey Epstein's estate has agreed to pay up to $35 million to resolve a class action lawsuit accusing co-executors Darren Indyke and former accountant Richard Kahn of aiding and abetting Epstein's sex trafficking of young women and teenage girls, with the settlement requiring judicial approval. Boies Schiller Flexner, the law firm representing Epstein victims, announced the settlement filed in federal court in Manhattan, which follows $121 million in prior restitution fund payouts and $49 million in additional settlements to victims. The co-executors' lawyer stated they deny any misconduct and agreed to settle purely to achieve finality for the estate.BloombergFirst Brands Judge Approves Examiner to Probe Fraud AllegationsA federal judge in Houston approved the appointment of Martin De Luca, a partner at Boies Schiller Flexner, as examiner to investigate fraud and mismanagement allegations against First Brands Group in its ongoing insolvency case. The US Trustee requested the investigation, and De Luca will operate under a previously approved $7 million budget. The probe is expected to examine claims that have dominated the auto-parts maker's reorganization effort.