Why Is Elizabeth Warren Raking In Wall Street Cash?

Campaign Money
Lawyering sure seems like a profession that grows when government grows...

Senator Elizabeth Warren (D- Mass.), according to the latest records, has been receiving heft amounts in donations from several individuals in the securities and investment industry. Even though Warren has been vocal about her fight against corporations and Wall Street, records show that she has received around $660,000 in donations from the securities and exchange sector, making it the sixth highest contributor to her campaigns.

Records also revealed that the second most generous industry contributing to Warren’s campaign committees has been law firms and lawyers with $2.4 million in donations. The law firms that seem to have contributed the most deal with white-collar crime, bankruptcy cases, and corporate restructuring.

An international law firm, Ropes and Gray LLP, which deals with government enforcement issues, internal investigations, and white collar crimes, is Warren’s tenth largest contributor. Employees at the firm have contributed $57,725 to Warren’s campaign.

Brown Rudnick LLP, another global firm that deals in high stakes litigation cases, appears to be a generous donor to Warren. Individuals at the firm have contributed $72,447 to her campaign committees in total.

Brown Rudnick claims “deep experience with specialized industries including technology, health care, energy, government services, venture capital and hedge funds.” The individuals at Brown Rudnick are the eighth most generous to the Massachusetts senator.

Employees at Mintz-Levin, a Boston based law firm that focuses on corporate securities and bankruptcy matters, have donated $48,550 to Warren’s cause.

Goodwin Procter LLP’s employees, another firm that defends white collar criminals and cases of financial institutions, have contributed $35,115.

Prior to Warren’s appointment as Senator in 2012, she was a law professor at the Harvard Law School for Leo Gottlieb. She received $350,000 a year from the job.

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