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Bored by $1,000-an-Hour Pay, a Lawyer Hunts Wall Street Scores

Bloomberg Law profiles lawyer Dan Brockett, who ditched a job representing the world’s biggest banks for $1,000 an hour, and started earning his keep by suing the very companies that used to pay his bills — working on a contingency.

“On a recent weekday at his firm, Quinn, Emanuel Urquart & Sullivan LLP, Brockett said he couldn’t be happier that he made the switch to what he calls ‘success-based’ billing,” writes reporter Matt Robinson. “The 61- year-old senior litigation partner, wearing jeans and a sweater, pointed to a framed photo of a $250 million legal fee award that hung like a trophy over the desk of his office on Manhattan’s Madison Avenue.”

The profile shows how Brockett worked with the Commodity Futures Trading Commission, developing a network of sources across Wall Street who send disgruntled bankers his way. If the cases are successful, some of those whistleblowers can see pay days of as much as $30 million.

Read the Bloomberg article.

 

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