Categories: EventsInterviewsWorld

Corporate law’s partisan gulf widened in 2020, analysis finds

(Reuters) – Lawyers and staff at major law firms donated nearly six times more to Democrat Joe Biden than to incumbent Republican president Donald Trump in the 2020 election, according to a new analysis of campaign contributions by University of Iowa law professor Derek Muller.

Only three of the 100 highest-grossing U.S. law firms sent more money to Trump’s campaign and related political action committees through individual contributions than to Biden’s, Muller found in a study released Monday. That’s a greater imbalance than in the last presidential match-up he analyzed eight years ago, Muller said.

Muller, an election law specialist, identified about $64 million in donations to Democratic-affiliated groups between 2017 to 2020, compared to about $11 million to Republican-affiliated groups. Those findings echo an October 2020 Reuters analysis that found individual lawyers at firms had given nearly $29 million directly to Biden’s campaign and less than $2 million to Trump in the previous year.

In an earlier analysis of the 2012 election that used a different methodology, Muller found that attorneys funded Barack Obama’s campaign over Mitt Romney’s by a substantial margin. But that political party divide was narrower than in 2020, the numbers show.

Muller’s data does not include campaign donations made directly by law firms or their political action committees, which also skewed toward Biden.

“For the most part, I think, lawyers were much more comfortable giving to Mitt Romney than Donald Trump,” Muller said Tuesday.

Representatives for Biden and Trump did not respond to requests for comment Tuesday. Trump campaign spokeswoman Samantha Zager said in 2020 that it wasn’t surprising that “rich, liberal lawyers in Biden’s pocket” were trying to make up for his “lackluster” candidacy.

The three top law firms from which lawyers and staff sent more money to Trump than Biden were McGuireWoods, Proskauer Rose and White & Case, Muller found. But that doesn’t necessarily represent the law firms’ politics, he noted. A single $500,000 gift to the Trump Victory Fund by a White & Case lawyer accounted for more than half of the firm’s Republican giving over four years.

A White & Case spokesperson declined to comment Tuesday, and representatives from Proskauer and McGuireWoods did not respond to comment requests.

Muller also analyzed political contributions from lawyers and staff at 40 major plaintiffs’ firms and found that only two gave more money to Trump than Biden from 2017 to 2020 — The Lanier Law Firm, and Kasowitz Benson Torres, which represented Trump’s campaign.

Source: https://www.reuters.com/legal/government/corporate-laws-partisan-gulf-widened-2020-analysis-finds-2021-11-09/

World Economic Magazine

Recent Posts

Judge Blocks New York Labor Law in Major Win for Amazon’s Workplace Policy Battle

Amazon secured a key early win as a federal judge blocked New York from enforcing…

1 hour ago

Enthuse Foundation Announced Finalists for 7th Annual Women Founders Pitch Competition

The Enthuse Foundation has revealed the finalists for its 7th Annual Women Founders Pitch Competition,…

1 hour ago

2nd Edition Model Risk Management, Canada

The Marcus Evans 2nd Edition Model Risk Management, Canada conference taking place in Toronto, Canada…

1 day ago

‘Grow With China’ Event Highlights Shanghai’s Expanding Role in Global Economic Growth

Economists say Shanghai is strengthening its role as China’s reform engine, accelerating innovation and global…

1 day ago

U.S. Consumers Plan to Spend Nearly $80 Billion During Black Friday

U.S. shoppers are set to spend nearly $80 billion this Black Friday and Cyber Monday,…

3 days ago

Waiken’s $450 Million Bet on Latin America: A Strategic Push into Connectivity and Content

Waiken has unveiled a US$450 million investment plan through 2031 to strengthen its entertainment and…

3 days ago