Trump nominees disclose US law firm pay

Reuters
03-29
Trump nominees disclose US law firm pay

By Mike Scarcella

March 28 (Reuters) - U.S. ethics disclosures made public on Friday from some of President Donald Trump’s top legal nominees, including the lawyer to lead the U.S. attorney’s office in Manhattan, offered a glimpse at compensation at some of the country's most prestigious law firms.

Jay Clayton of Sullivan & Cromwell, nominated as the U.S. attorney for the Southern District of New York, reported receiving more than $6.7 million from the law firm since the start of 2024, according to his disclosure.

Clayton, a senior policy adviser at the firm and former member of its management committee, said he provided legal services to Coinbase, Barclays and Goldman Sachs, among other clients.

Other financial disclosures showed attorney pay at law firms Jones Day, Sidley Austin and Skadden, Arps, Slate, Meagher & Flom.

Financial disclosures are mandatory ethics filings for many high-level officials. The forms, which record compensation from the prior calendar year to the date of the filing, can show where lawyers or other officials might have a conflict based on prior work, which could require them to step down from handling a matter.

In other new disclosures, Brett Shumate of Jones Day, picked to lead the U.S. Justice Department’s civil division, reported receiving $2.4 million from his firm. Shumate said he provided legal services to clients including the U.S. Chamber of Commerce, Republican National Committee, National Association of Realtors and Bristol Myers Squibb.

Shumate at the helm of the DOJ’s civil division would be responsible for overseeing much of the defense of key Trump administration policies in federal courts across the country.

Joseph Barloon of law firm Skadden, picked to serve as deputy U.S. Trade Representative, disclosed $3.6 million in partner compensation. Some of his clients included Exxon, PayPal and Whaleco, which operates the ecommerce platform Temu.

Sidley Austin’s Brian Morrissey, nominated to serve as general counsel to the Treasury Department, reported $857,000 on his financial disclosure. Some of his clients included Amazon.com, AT&T and Morgan Stanley.

Clayton, Shumate, Barloon and Morrissey did not immediately respond to requests for comment.

Clayton, who focuses on mergers and capital-raising at Sullivan & Cromwell, previously was chair of the U.S. Securities and Exchange Commission during the first Trump administration. The Manhattan U.S. attorney’s office has worked closely with the SEC on financial crimes enforcement.

Barloon previously served as general counsel to the U.S. trade representative, and Morrissey earlier in his career was principal deputy general counsel to the Treasury Department.

The four nominations are pending before committees in the U.S. Senate.

Read more:

More lawyers join the $3,000-an-hour club, as other firms close in

Law and lobbying disclosures show earnings for Pam Bondi, RFK and top firms

Trump lawyer Blanche reveals income, clients in bid for DOJ post

(Reporting by Mike Scarcella)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10