Hiring Misfires Show Need for Tougher Law Firm Vetting
In less than a year, Big Law has seen at least three lateral hires go seriously, even criminally, awry.
June 22, 2017 at 06:52 PM
5 minute read
In less than a year, Big Law has seen at least three lateral hires go seriously—even criminally—awry.
There was the case of former Arent Fox partner Robert Schulman, who was indicted last August and convicted in March on charges that he passed on an insider trading tip to an investment adviser. Schulman had moved to Arent Fox in 2015 from Hunton & Williams, about two years after his name came up in a U.S. Securities and Exchange Commission case related to the insider trading allegations.
Akin Gump Strauss Hauer & Feld found itself at the center of a lateral hiring mishap in February, when federal prosecutors accused a recently hired partner, Jeffrey Wertkin, of trying to sell a confidential whistleblower complaint. And in May, former Foley & Lardner real estate and banking lawyer Walter “Chet” Little was arrested in connection with an alleged insider trading scheme less than a year after jumping to Bradley Arant Boult Cummings. Bradley Arant dismissed Little quickly after word of his arrest.
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