The Troubled Asset Relief Program (TARP) officially expired on October 3, but 13 law firms led by Cadwalader, Wickersham & Taft have been awarded government legal services contracts by the Treasury Department to compete for certain projects. The amount the firms can collectively earn from TARP-related work is capped at nearly $100 million, according to sibling publication The National Law Journal.
The NLJ reports that Cadwalader has done the bulk of TARP’s legal work since Congress enacted the $700 billion economic rescue plan in October 2008. Cadwalader has pulled in more than $13 million since TARP was created and the firm stands to earn even more as a result of the latest contract awarded to the firm by Treasury, The NLJ reports.
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