Ed. note: Law Shucks focuses on life in, and after, BigLaw, including by tracking layoffs, bonuses, and laterals. Above the Law is pleased to bring you this weekly column, which analyzes news at the world’s top law firms.
One of the many interesting features of BigLaw is the comings and goings of its denizens. Whether it’s looking for the bigger, better deal, jumping off a sinking ship, or departing for the greener pastures of inhouse or government life, every move has a story.
There has been plenty of speculation recently about which firm is wrapped up in an Inspector General investigation of the firm’s practice of hiring former SEC lawyers, who then turn around and advocate for clients at the agency they just left. The Senate Finance Committee is none too happy about the "revolving door," claiming that in at least one instance, the SEC was unduly lenient because of the firm’s close ties with the commission. Usually lateral hires aren’t contentious (examples like Jeremy Pitcock notwithstanding), so this could put a damper on hiring some of the most-coveted free agents.
So which law firm or lawyer(s) might be facing Senate scrutiny?