Sean Coffey was a powerhouse among plaintiffs’ securities lawyers, touted as the potential new king of securities class actions following the troubles at Milberg LLP and his securing $6.1 billion in recoveries for WorldCom investors. But last fall, Mr. Coffey, 54, told his partners at Bernstein Litowitz Berger & Grossmann he would quit the firm and try something different – a run as New York’s next attorney general.

“When he came to tell me, I said, ‘Sean, maybe you should go on vacation,’” said Max Berger, who co-managed the firm with Mr. Coffey. “‘You can’t possibly be serious about this, look what you’d be giving up.’ And he said, ‘No, no, this is what I want to do.’”

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