Tuesday, July 23, 2013

SEC's Khuzami Uses Revolving Door to Make $5 Million

Robert Khuzami, the former head of enforcement at the U.S. Securities and Exchange Commission, is joining Kirkland & Ellis LLP, reports BusinessWeek.

Mark Filip, a partner in charge of Kirkland’s government enforcement defense and internal investigations, said Khuzami will help immediately in securities enforcement defense, advising boards and companies and counseling financial institutions on securities regulations.

NYT reports:
As a partner at Kirkland, Mr. Khuzami will represent some of the same corporations that the S.E.C. oversees. [...]He joins a white-collar defense group that includes Mr. Filip, a former federal judge and United States deputy attorney general who has led BP’s defense in the Justice Department’s investigation stemming from the oil spill in the Gulf of Mexico. Other senior members of the practice are Neil Eggleston, a former senior lawyer in the Clinton White House and Michael Garcia, a former United States attorney[...]Mr. Khuzami, however, has embraced the revolving door, delivering speeches outlining its benefits. Anyone required to shine a light on the darkest corners of Wall Street, he argues, must know how it works.

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