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    Monday, July 21, 2003

    Investing for their Future: How the trial lawyers are spending their money:

    Through the first six months of this year, lawyers gave presidential candidates $13.6 million and were, as an industry, the largest contributors to presidential campaigns, according to preliminary figures compiled by the Center for Responsive Politics, a nonpartisan research group. The vast majority, $11.4 million, went to Democrats, who tend to oppose a cap on medical malpractice awards. The occupational information in campaign finance reports does not distinguish between trial lawyers and other attorneys.

    Senator John Edwards, the North Carolina Democrat who is a former trial lawyer, raised more money from other attorneys, $6.2 million, than all of his Democratic presidential rivals combined. He pulled in $1.4 million of the $6 million that lawyers contributed in the second quarter of this year and $4.8 million of the $7.6 million in the first quarter.

    ...Lawyers, skittish about discussing just how much money they or their firms have contributed, say they are being sought out for donations by state and local politicians as well as by their own legal associations. Lawyers say that whenever possible, they are writing checks.

    ....Thornton and Naumes, a Boston firm, gave $20,350 to Democratic presidential candidates in the first three months of this year, with $16,750 going to Senator John F. Kerry of Massachusetts. Baron and Budd, an environmental justice law firm in Dallas, contributed $56,250 to Edwards and $50,500 to the Democratic National Committee. And Beasley Allen, a plaintiffs law firm in Alabama, gave Edwards $51,600.


    That's a lot of money for one law firm. But, then again, they expect a good return on their investment.
     

    posted by Sydney on 7/21/2003 07:19:00 AM 0 comments

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