After six tumultuous years as US Attorney General, it looks as though Eric Holder will announce plans to leave the post today. That raises two big questions: Which law firm will he land at? And how much will it pay him?
Covington & Burling is the safe bet for where Holder will end up. Holder spent eight years as a partner there before President Barack Obama tapped him to head the Justice Department. The firm’s partners tend to be a loyal bunch, plus Covington has done well in luring back other folks who left for Obama’s DOJ. Lanny Breuer, assistant attorney general for the Criminal Division, returned last year to become vice chair of Covington. Daniel Suleiman, deputy chief of staff to Breuer while he was at Justice, also rejoined in 2013.
There’s also the not-so-subtle hint that came in the form of the $1.5 million condo that Holder bought at CityCenterDC in April. At the time, it was noted that the pad was only a few blocks from the Justice Department. But soon, it’ll be even closer to Covington & Burling, which plans to move into 400,000 square feet of CityCenter’s trophy office space.
And what about that paycheck? Other officials as high-ranking as Holder have commanded $3, $4, and even $5 million upon their return to private practice. One of Washington’s top legal recruiters notes that although Holder’s tenure as AG wasn’t without controversy, that probably won’t impact his payday—which he predicts will be an annual take-home of between $4 and $5 million.
UPDATE, 1:45 PM: Covington & Burling declined to comment.
Marisa M. Kashino joined Washingtonian in 2009 as a staff writer, and became a senior editor in 2014. She was previously a reporter for Legal Times and the National Law Journal. She has recently written about the Marriott family’s civil war and the 50-year rebirth of 14th Street, and reported the definitive oral history of the Lorena and John Wayne Bobbitt case. She lives in Northeast DC with her husband, two dogs, and two cats.
Eric Holder Likely Headed for a Big Private-Practice Payday
After six tumultuous years as US Attorney General, it looks as though Eric Holder will announce plans to leave the post today. That raises two big questions: Which law firm will he land at? And how much will it pay him?
Covington & Burling is the safe bet for where Holder will end up. Holder spent eight years as a partner there before President Barack Obama tapped him to head the Justice Department. The firm’s partners tend to be a loyal bunch, plus Covington has done well in luring back other folks who left for Obama’s DOJ. Lanny Breuer, assistant attorney general for the Criminal Division, returned last year to become vice chair of Covington. Daniel Suleiman, deputy chief of staff to Breuer while he was at Justice, also rejoined in 2013.
There’s also the not-so-subtle hint that came in the form of the $1.5 million condo that Holder bought at CityCenterDC in April. At the time, it was noted that the pad was only a few blocks from the Justice Department. But soon, it’ll be even closer to Covington & Burling, which plans to move into 400,000 square feet of CityCenter’s trophy office space.
And what about that paycheck? Other officials as high-ranking as Holder have commanded $3, $4, and even $5 million upon their return to private practice. One of Washington’s top legal recruiters notes that although Holder’s tenure as AG wasn’t without controversy, that probably won’t impact his payday—which he predicts will be an annual take-home of between $4 and $5 million.
UPDATE, 1:45 PM: Covington & Burling declined to comment.
Find Marisa M. Kashino on Twitter at @MarisaKashino.
Marisa M. Kashino joined Washingtonian in 2009 as a staff writer, and became a senior editor in 2014. She was previously a reporter for Legal Times and the National Law Journal. She has recently written about the Marriott family’s civil war and the 50-year rebirth of 14th Street, and reported the definitive oral history of the Lorena and John Wayne Bobbitt case. She lives in Northeast DC with her husband, two dogs, and two cats.
Editors' Picks
The 100 Very Best Restaurants in Washington
Bad News for the NFL: John Riggins’ Wife Is a Lawyer
The High-Paid DC Millennials Who Are Using Side Hustles to “Ball Out”
Meet Britt McHenry, the Fox News Star for Millennials
Most Popular in News
“The Handmaid’s Tale” Is Filming on the National Mall and the Photos are Kinda Intense
This Ex-Partner of Paul Manafort and Roger Stone Is Thrilled To Be Away From the Action
The High-Paid DC Millennials Who Are Using Side Hustles to “Ball Out”
Bad News for the NFL: John Riggins’ Wife Is a Lawyer
A Shocking Love Triangle Has Broken Up DC’s Favorite Bald Eagle Power Couple
February 2019: 100 Very Best Restaurants
Related
A Look Inside One of the Country’s Biggest Vinyl Record Plants
What We Lost When We Lost Hank Dietle’s
WJLA’s TV Legends Are Vanishing. Does It Matter?
In Defense of 2016
More from News
Rebecca Ritzel’s Student Loan Provider Didn’t Seem to Care That She Had Cancer. So She Took Action.
Washingtonian Today: RBG’s Back on the Bench
“The Handmaid’s Tale” Is Filming on the National Mall and the Photos are Kinda Intense
The Amazon Resistance Won in New York. What Does it Mean for Virginia?
Jelani Cobb on the Super Bowl, Ralph Northam, and the State of Black History
We Asked These Washingtonians Who They Were Buying Flowers For on Valentine’s Day
Who Would Go See Howard Schultz Speak on Valentine’s Day?
Washingtonian Today: Amazon Dumps NYC on Valentine’s Day