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Ex-Edwards backers drawn to Obama
Correction appended: See below for a correction to this story.THIS TIME AROUND, John Edwards can't take anything for granted. This time, even his blood brothers aren't necessarily on board. For years, Edwards has relied on the support of his fellow trial lawyers' deep pockets to help get him elected-first to the Senate and then three years ago, when he made a run at the White House and then became running mate to Sen.Obama Lines Up Support From Calif. Legal Heavyweights
As Sen. Barack Obama's presidential campaign flexes its fundraising muscles, San Francisco Bay Area corporate lawyers are doing much of the heavy lifting. Obama has already won the support of some politically active Bay Area attorneys, four of whom have each committed to raising $100,000 by the end of March. But Obama's opponents have well-connected lawyers on board, too. "One thing is clear," said Joseph Cotchett, a John Edwards supporter. "California is an ATM machine for presidential politics."Small Firms Find Profit in Nonprofits
Gene Takagi has long been interested in nonprofits. As an associate at Sheppard Mullin, he didn't have enough clout to draw large institutional clients, and many organizations couldn't afford his big-firm rates. So Takagi went solo. By slashing his rates from $280 to $150, he went from zero to 60 regular clients. With the number of private charities exploding and their wealth building come stricter regulations -- translating into the need for more counsel, which bodes well for solos and small firms.Trending Stories
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