Since government spending is sure to be an issue in the presidential race, The Am Law Daily decided to take a look at which law firms have profited the most from one of the most important federal programs of President Obama’s administration: the American Recovery and Reinvestment Act of 2009. Debevoise & Plimpton has had the biggest haul, earning almost $2 million in fees from contracts with the U.S. Department of Energy. Clifford Chance follows with $1.5 million, and Paul, Weiss, Rifkind, Wharton & Garrison with $1.2 million (both firms also earned their fees with Energy Department contracts).
We were prompted to take a look at Recovery Act legal fees after our reporting on the effort by Fisker Automotive, a manufacturer of environmentally friendly vehicles, to access funds linked to a Energy Department loan it initially obtained in 2009. Through the Recovery Act’s “Track the Money” database, we found several Am Law 200 and Global 100 firms handling various assignments for government agencies. The monetary values for those firms listed below are for the total value of each firm’s contracts, not all of which have yet reached completion.
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