Trading Places

The National Law Journal recently published Trading Places, a fascinating profile describing the increased demand Sarbanes-Oxley has generated for former federal prosecutors with expertise in corporate-governance litigation to serve as white-collar defense counsel to executives after leaving government.  The profile describes the experience of, among others, David Anders, who joined Wachtell, Lipton, Rosen & Katz following his tenure at the United States Attorney’s Office for the Southern District of New York–during which time he helped secure the high-profile convictions of WorldCom executive Bernard Ebbers and investment banker Frank Quattrone.  The profile begins:

The enactment of Sarbanes-Oxley in 2002 created a big demand for attorneys who could handle more corporate governance business.  David Anders, who left the U.S. Attorney’s office in New York’s Southern District last year, says he is comfortable on the defense side of white-collar practice, but the shift requires adjusting to the practicalities of bottom lines and billable hours.

The full profile is available here.

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