Skadden, Arps, Slate, Meagher & Flom Washington, D.C. offices. June 19, 2015. Photo by Diego M. Radzinschi/THE NATIONAL LAW JOURNAL. (Diego M. Radzinschi)
A financial disclosure from the White House has opened a new window on partner pay at Skadden, Arps, Slate, Meagher & Flom.
This time, the penny count comes from Jeffrey Gerrish, who submitted his disclosure upon his nomination as deputy U.S. trade representative for Asia, Europe, the Middle East and industrial competitiveness.
Gerrish will resign from Skadden’s equity partnership if and when he is confirmed by the Senate Committee on Finance, he said in his ethics agreement.
Gerrish’s partnership share was worth $2.325 million from the beginning of 2016 until this April. He expects to earn another $100,000 to $250,000 through the partnership over the next two years, the disclosure said.
Gerrish won’t get a bonus, he said. Gerrish also reported that he is set to receive additional money in his firm capital account, worth between a half million and $1 million, in the next two years.
Gerrish reported that his clients at Skadden included United States Steel Corp., Endo Health Solutions Inc. and Daimler AG, among several others.
He revealed no controversial matters or unusual financial arrangements at Skadden, and he did not report income anywhere near as eye-popping as other Big Law nominees tapped by the administration.
Gerrish’s disclosure, however, does offer a bit more insight into his Skadden practice group than that of fellow Skadden partner Robert Lighthizer, who became President Donald Trump’s U.S. trade representative in May. Lighthizer, who retired from the firm, said his partnership share last year was worth $1.8 million, from representing only United States Steel. Lighthizer later clarified to the federal government that he had not billed United States Steel for work in 2015, 2016 or 2017.