White-Collar Experts Are Recruited to Handle Expected Increase in Government Enforcements

[Bozita]

Source: New York Law Journal

White-Collar Experts Are Recruited to Handle Expected Increase in Government Enforcements
Nate Raymond
New York Law Journal
November 04, 2010


Law firms are stepping up their hiring of white-collar lawyers in anticipation of increased investigations by government agencies into financial fraud and corporate bribery of foreign officials.

Firms including White & Case; Jenner & Block; and Chadbourne & Parke over the last two months have recruited white-collar partners from other firms, many of whom have prosecutorial experience. Recruiters say law firms are seeking to bolster their practices in anticipation of more investigations by the U.S. Department of Justice and the Securities and Exchange Commission.

-snip-

The push by law firms to poach white-collar partners is a response to the Dodd-Frank Wall Street Reform and Consumer Protection Act, meant to address the financial crisis, and increased scrutiny under the Foreign Corrupt Practices Act (FCPA) of alleged bribery of foreign governments by corporations.

Enforcement actions under the FCPA have reached an all-time high, while agencies such as the SEC and the Commodity Futures Trading Commission are gaining greater enforcement powers under recently enacted financial laws.

-snip-

Read more: http://www.law.com/jsp/nylj/PubArticleNY.jsp?id=1202474380797&WhiteCollar_Experts_Are_Recruited_to_Handle_Expected_Increase_in_Government_Enforcements&slreturn=1&hbxlogin=1

[PSPS]

1. This will be one of the first things the GOP/'baggers will de-fund to protect their benefactors.

[safeinOhio]

2. So, lawyers are cheaper

than paying bribes. Me thinks lots of jail time is called for.

[4lbs]

3. RepubliCorp politicians: "See?!?!? We're already creating thousands of private sector jobs!"

Uhh.... yeah.

[ezmerelda39]

4. Just another

shell game at the taxpayers expense. Any financial institution that would hire a company to falsify the paperwork on a mortgage will certainly pay a company to falsify the paperwork on wrong doing. Putting a bunch of greedy lawyers to work on 'cleaning up the mortgage fiasco is like throwing a dozen foxes in the hen house. They will need an Elizabeth Warren to oversee the overseers who are overseeing the overseers.

[No Elephants]

5. white collar crime lawyers, not white-collar lawyers

Nothing like making it sound pristine