Thứ Tư, 4 tháng 7, 2007

Kelley Drye & Warren - Corporate Criminal


Justine Clark, a partner at Kelley Drye & Warren, just plead guilty to state income tax evasion. Despite the fact that KDW has seen a steady growth in profits per partner, and despite the fact that KDW has benefited from a steady stream of contract attorney outsourcing, Clark, with greed unquenched, went ahead and screwed New York State out of close to $200,000, based on her $ 2.7 million earnings.
Her penalty? A slap on the wrist misdemeanor.
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David Lat (Abovethelaw.com) thought I was a little too harsh on Ms. Clark:
Okay, that's a little harsh. As the New York Post notes, Clark earned $2.68 million not in a single year, but over the course of five years (2000 - 2004). That averages out to a little over $500,000 a year.

And in New York City, teeming with i-bankers and hedge funders, you're a pauper if if you're not taking home seven figures per annum. So can we really blame Justine Clark, struggling to keep up with the Joneses, for trying to keep a little more for herself?

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