Bored by US$1,000-an-hour pay, lawyer hunts Wall St scores
Dan Brockett has become a securities watchdog-for-hire, a role that could grow more prominent in an anti-regulatory era
Add BT as a preferred source
New York
TEN years ago, lawyer Dan Brockett and his colleagues opted for the equivalent of ditching an office job for a career as a big-game hunter.
As Wall Street cratered during the financial crisis, Mr Brockett helped lead the firm's move away from representing the world's biggest banks and forgoing US$1,000-an-hour defence work. Instead, he would earn his keep by suing the very companies that used to pay his bills. He'd be paid only if he won - on contingency, in which lawyers get a cut of a client's recovery.
TRENDING NOW
What makes a good job? Feeling that you matter
Faishal Ibrahim resigns over online messages with a female member of the public
When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry
Retail resets: Mall owners reposition shopping centres as Singapore’s consumer landscape evolves
