DOJ Antitrust Candidate Brings $ 20 Million In Revenue For Paul And Weiss
- Kanter’s disclosure includes income received in 2020 and 2021, and as part of his departure from the law firm
- Kanter founded an antitrust store last year in Washington, with clients including Spotify, Nike and Uber.
(Reuters) – Jonathan Kanter, the Biden administration candidate for the head of the US Department of Justice’s antitrust division, said he had received $ 20.3 million from Paul, Weiss, Rifkind, Wharton & Garrison since 2020 in remuneration of the partners and following his departure from the law firm, according to an ethics file published on Monday.
Kanter’s appointment in July as deputy attorney general in charge of the DOJ’s antitrust team drew praise from progressive groups. Kanter left Paul, Weiss last year to set up his own antitrust boutique in Washington, DC, and is widely seen to be aligned with the new administration’s antitrust approach calling for tighter scrutiny and enforcement of competition. .
Financial disclosures, which provide insight into compensation and clients, are mandatory public ethics documents for many senior positions in the federal government. Disclosure of law firm partners may reveal revenue for legal services provided over two or three years, in addition to bonuses.
Kanter declined to comment on Monday. His appointment is pending before the Judicial Commission of the Senate. A hearing date has not been publicly set.
Compensation for Paul, Weiss associates has skyrocketed in 2020, The American Lawyer reported in April. Profits per partner reached nearly $ 5.4 million, an increase of 14% from the previous year.
Kanter left Paul, Weiss in September 2020 amid a client dispute to create The Kanter Law Group, which has six attorneys. Paul, Weiss, where Kanter was co-chairman of the firm’s antitrust group, employs more than 1,000 lawyers.
Lawyers leaving private practice are generally not allowed to touch on matters involving their former firm or former clients for at least a year, unless an ethics waiver is approved.
His disclosure showed that his clients at Paul, Weiss included Qualcomm Inc, Mastercard Inc and the special committee of independent directors of the board of directors of Facebook Inc on a matter unfavorable to the company. The financial statements do not provide details on the scope of a specific customer issue.
Kanter’s disclosure showed that he continued to work with at least a dozen former clients of Paul Weiss after leaving the firm to start his boutique. Customers identified as related to the two companies included Microsoft Corp, Cigna Corp, Yelp Inc, Charter Communications Inc and News Corp.
New clients for the Kanter Law Group included the Coalition for App Fairness, Spotify USA Inc, Uber Technologies Inc, Nike Inc and General Motors Co.
Kanter’s filing showed no professional or financial ties to Google LLC, Apple Inc, and Amazon.com Inc, companies that are under further scrutiny by U.S. regulators and federal lawmakers. Paul, Weiss lawyers are defending Amazon in court in antitrust lawsuits.
In 2018, Kanter told a U.S. Senate panel that federal policymakers “should vigorously explore new antitrust issues to ensure that U.S. antitrust law remains responsive to the realities of the economy and the world. society today ”.
Kanter joined Paul, Weiss in 2016 from Cadwalader, Wickersham & Taft, where he had been a partner. From 2000 to 2007, Kanter was a partner at Fried, Frank, Harris, Shriver & Jacobson, according to his LinkedIn biography.
He was a lawyer with the Competition Bureau of the United States Federal Trade Commission for two years early in his legal career.
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