Source: Bloomberg Law Big Law Business
By Gayle Cinquegrani, Bloomberg Law
National Labor Relations Board Chairman Philip Miscimarra (R) is likely to have his pick of law firm jobs once his term ends in December, but he is not divulging where he will land.
Miscimarra won't seek another term on the board when his current term expires, Bloomberg BNA reported.
Ethics rules will limit the services Miscimarra can provide clients once he leaves the NLRB, but law firms probably will find his expertise and name recognition appealing.
"This is someone who is a true insider and who will be attractive to clients as someone in the know," Jeffrey Lowe, a global practice leader at legal recruiter Major, Lindsey & Africa, told Bloomberg BNA Aug. 8. Lowe said former government officials like Miscimarra "are able to command very substantial compensation."
Former Officials Add Tremendous Value
Despite the restrictions, "there really is tremendous value" in having a candidate like Miscimarra "in the fold," Lowe said. A former official's presence in a firm should help when firm partners "go on pitches for business."
Former federal officials "can attend meetings with the client and help guide the case," Lowe said. They can have "significant influence on the strategy you undertake even if they can't appear before the agency" because "so much of it is taking place in meetings with the clients or meetings with other partners," he said.
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