BigLaw Political Donations:
It might not be a surprise that major law firm donations largely mirror those of law professors, and are weighted heavily toward Barack Obama (albeit not as heavily as lawprof donations), as Bruce Batista summarizes here. Why is this? Batista has his own ideas, and I'd be curious about others.
Related Posts (on one page):
- Law Firm Campaign Contributions Increase:
- BigLaw Political Donations:
Let's face it. Most people seem not to like Bush's performance. A main reason they are voting for McCain is that there is an irrational fear of an Obama presidency. Sure, there are those who actually favor McCain's plans for the wars, his vow to appoint justices who will overturn Roe v. Wade, and his tax policies. And then there are those who think Bush has done a bang-up job. I submit that those people are few and far between.
Less cynically, you can take the lawyer out of Harvard, but you can't take Harvard out of the lawyer. The guilt gnaws.
To answer your question JA, I'm going to vote that lawyers approve of his policy preferences.
But to give his post more serious treatment than it may deserve, can anyone tell us whether this is much different from previous elections? If this is par for the course, then the only-stoopid-peeple-like-Bush argument can be dismissed. If not . . . well, we still have many more questions to ask.
I liked your post so much that I accidentally stabbed my uvula with a fountain pen. Again.
No more irrational than the majority of exuberance in reaction to Obama's candidacy.
In short, it's the network. Go to Harvard and teach at Chicago and you will meet and befriend a lot of lawyers. Those lawyers tend to know other lawyers. You fundraise from your friends. Not complicated.
Batista is doing an awful lot of sneering without a lot of data. My guess is taht lawyers contribute for the same set of reasons other people do - a mix of policy preference, acquaintance (as suggested by nc3274), economic self-interest, etc.
Other explanations:
1. Obama is a lawyer and thus other lawyers believe he will further the interests of lawyers or they are narcissistic and want to see a lawyer elected to office. He also has a lawyer as a VP. As lawyers spend a significant amount of time advising clients who may or may not listen to their advice, electing a lawyer as president is essentially the fulfillment of a wish to "steer the boat".
2. Trojan Horse. So many lawyers have invested in Obama already that he will be forced to recognize lawyers as a critical constituancy, in short, every donation further obligates Obama to lawyers. His VP choice may reflect this. The more lawyers donate the more likely they are going to be considered as stakeholders and so the more they will be represented when it comes time to push policy.
3. Bias in Law. Perhaps the practice of law itself has a bias which promotes support of Obama's policies (or rather, perceived policies). As attorneys are increasingly exposed to the areas where the system does not work and problems do not resolve themselves, the desire for reform of anykind becomes more and more appealing. Alternatively, it may be a result of cynicism or desensitivity after overexposure to systemic failure and continuously witnessing cases.
4. Bandwagon effect. All the other law firms are doing it. Might as well invest more than the others and get knocked up to the top spot when stories are running about it.
5. Demographics. Perhaps this is all due to a lurking variable and lawyers just happen to all be in the same demographic as that lurking variable.
That pretty much sums up all my ideas on the topic that have any sort of rational basis.
As for those talking about tort litigation, tort cases are a tiny fraction of biglaw business, so that's not much of an explanation.
"Could it be that most highly educated people agree with Obama..."
Since when are lawyers considered highly educated? Then spend many years in school, but studying a very narrow subject.
Barista's numbers are 'to date' -- and the candidate that everyone originally expected to win, Hillary Clinton, raked in 18 million from these lawyers. The fact that Obama has a "mere" 22 million suggests that he's been playing catch-up, and finally caught up. (it would be interesting to see the 2007 data alone).
Does he retaliate by making summer associate salaries and lunches non-deductible? Does he institute a partnership tax for businesses with more than 100 partners that are not accounting firms?
As one of the Big Law a$$holes, I vote self-interest here. More Dems, mean more laws, mean more regulation for business mean more money for lawyers. They'd rather pay Obama's higher tax rate on $2 million than McCain's lower tax rate on $1.3 million.
For people of this mindset, collectivism/statism is the preferred form of government. So they will of course support the most openly collectivist candidate in recent memory.
Plus, they abhor guns in the hands of the commoner (although not quite to the degree of the AMA), so they absolutely despise Sarah Palin.
Whereas you, on the other hand, carefully consider arguments on their merits, give everyone the benefit of the doubt and never rush to attribute policy differences to bad faith on the part of people who disagree with you.
I'd guess that what's in the financial interest of biglaw is less a Democratic administration than having the President and the Congress be of the same party. Republicans don't produce less regulation so much as different (more pro-business) regulation. The GOP talks the talk on free markets but they don't walk the walk.
I think most of the explanation is that the sort of people who are inclined to go to law school in the first place are more likely to be Democrats. Biglaw attorneys included.
I didn't notice any particular reduction in regulation while the Republicans controlled both the White House and Congress. Apparently, Republicans believe in less regulation the way they believe in reducing governing spending.
I think BigLaw lawyers are donating to Obama for the same reasons that evangelicals are (presumably) going to donate to Palin - they see him as "one of us." Also, to the extent BigLaw partners are conservative, they tend to be economically conservative, not socially conservative and the Republicans haven't given many reasons for the former group to vote for them lately.
Who would you consider highly educated?
Lawyers believe in regulation, and also profit from it. A lot of what biglaw does has to do with regulatory matters. Their worldview is compatible with the essential Democratic perspective that government can solve all social ills.
Although as a functional matter Republicans elected to office also seem to take this tack, it is not the essential Republican perspective. This resistance (theoretical though it may be) to government/legal responses to every possible issue is at odds with how, these days, lawyers think.
I do think some of it has to do with the idea of wealth making v. wealth transfer. Few attorneys seem to care whether they are cutting up preexisting pie, or helping to generate more pie; few people to law school asking where their salaries will be coming from.
I think it is because they are liberalterians, for the most part. Very pro-freedom on social issues, frightened of the religious right, etc. Might well prefer Republicans if it were only on economic issues, but a certain elitist disdain for middle Americna cultural concerns.
Yet we have not one iota of data that suggests that these lawyers differ in their political contributions from other, similar, individuals.
In other words, we have no reason to believe that there is anything to explain. Yet everyone jumps in with their favorite hobbyhorses.
On the assumption that most commenters are lawyers, I have to ask what they teach in law school.
(1) This piece was about major law firms, not lawyers generally. Lawyer contributions to Kerry and Gore were high, but Biglaw-specific contributions were not nearly as disproportionate as they are this year. Remember Kerry's running mate--that network produced a lot of his contributions.
(2) The affinity point is certainly right (Obama--he's just like us!) and is correlated with the social aspects of donating. Urban professionals lean Dem. However, this tends to balance out with seniority.
(3) More generally, fundraising for individual candidates is very social. I contribute when people I know well ask me to--often to people with beliefs very different from mine. These fundraising events are like elite law school reunion meets society party. People go to see people, be seen, and because it's socially and professionally beneficial to extend the network.
(4) The idea that $2300 is going to influence policy is silly. As much as people find it hard to believe, individual contributors at the legal limit do it because (in no particular order) (a) they believe in the candidate, (b) they want to enhanfor their own social status or (c) for enhancing professional networks/generating business from other contributors. Nobody is trying to influence the law. That's what the government relations practice is for.
(5) The idea that a Dem v. Rep. administration materially affects large law firm profitability is even more silly. Large law firm profitability depends primarily on the capital and transactional markets (because finance and corporate are the most volatile practices) and secondarily on general economic conditions (which affects appetite for profitable commercial litigation). That's why this year is lousy. Legal complexity or more/less regulation is completely irrelevant. A large law firm with profitability that turned on the results of an election would be a very poorly run law firm.
One can argue that teachers are "fed" by the Democrats because the teachers' unions have a very strong connection to the Democratic party, but I'm not sure how the Dems "feed" Biglaw. I'm pretty sure that private corporations feed Biglaw.
People with seven years of higher education are generally considered highly educated no matter how narrow the subject matter, and the law is actually a very broad subject. Think about it: the Biglaw guy doing mergers &acquisitions, the tax guy helping you through your audit, the public defender arguing about illegal searches &seizures in a drug case, the legal aid guy working in landlord-tenant court, the JAG officer working with the military code, the estates guy writing up your will...the law is a ridiculously broad subject, actually. Ask anyone who's taken the bar exam.
Biglaw firms are generally liberal.
Biglaw firms' lawyers are often from the same circle of elite law schools as Sen. O.
Biglaw firms would prefer the litigation ®ulation friendly Democrats, (especially the V-P choice - me, not the author).
and I'd add the last - repeated several times here - for some time, Sen. O looked like a slam-dunk winner. So, large donations do equate with access - to some degree.
I did check a few of the listed firms' web sites for what they represent as their practice and strengths. At least one lists "Climate change" litigation as a speciality...hardly mainstream Republican stuff, that.
If those science-type guys in France turn us into a Black Hole, they're gonna get the pants sued off them.
Frankcross - I don't think you can get from the fact that they do transactional work to the fact that they 1) want to do transactional work, 2) want to produce more pie, and 3) are doing so "openly" and with a stated purpose, all of which would have to be true for your statement to hold.
First of all, at big firms, there is a definite hierarchy. At the top, we find litigators. At the bottom, we find patent attorneys. Now, the attorneys in between are the transactional types, but shouldn't that at least tell you something? The ethic at many law firms is to make money - for the attorneys. The fact that it may come from productive or unproductive ends is beside the point.
Really? I never understood it to be that way.
...and yes, I had to look up "uvula." But then, i was at Zahm, which probably tells you all you need to know...
My understanding of big law is that the top eschelon is made up of transactional lawyers. Sure, they have good litigators, but litigators create conflicts with potential clients. Most high power litigators I am aware of are in boutique firms, where they can sue anyone without costing the firm transactional work.
Bad laws are bad for business. Most lawyers oppose bad laws even if they would help the legal business. However, we don't cry in our beer about bad laws, because they may help our pocketbooks.
People who donate to the candidate I like are doing so out of enlightened idealism.
And then on preferences I basically agree with Ak Mike. I remember from college one of my liberal professors was counseling an equally liberal student not to go to law school. The professor's argument was that law school narrows your perspective so that you see all problems in terms of how can they be solved by laws, rather than thinking outside the box. This carries over to a lot of attorneys so that, on average, when they see a problem they're more likely to think of solving it through additional laws than some other means.
I bet 75% of that Obama money is coming from associates. I know a quiick look at my biglaw firm (which is somewhat conservative, at least amongst the partnership, to be fair), over 75% (close to 85%) of Obama's donations are coming from associates, and a lot of the partners that donated are fairly junior, with only a few maxing out.
I love how the "subtle parody" gets mocked, but the blatant "Liberals support Obama because they're all elitist assholes that think they're better than us." Argument passes untouched.
I would say that's highly plausible.
ejo, please note that Allan's post says nothing about Dems at all.
Cornellian,
I rarely attribute bad faith to people who disagree with me. Nor do I assume they are stupid. For example, Obama is not stupid, and he honestly believes, in good faith, that a collectivist approach is good. Calling someone an "arrogant prick" who thinks the common man is a moron - as I do of big law firm people and Obama - says NOTHING about the "good faith" or "intelligence" of those people. What orifice did you pull that theory out of? (BTW, this post is actually one that qualifies as being arrogantly dismissive of your position)
But thanks for completely ignoring my theory, and throwing up a blindingly off target tu quoque attack!
If the Democratic "Big Law" advantage was as strong in prior elections as in this one, clearly their advantage would somehow be ideological.
On the other hand, if Obama is doing much better than Gore or Kerry, there's something personal about Obama - maybe the fact that he was an accomplished lawyer.
Bottom line: all the other comments are silly because based on incomplete information. Give me more data and we can have a smarter argument.
According to OpenSecrets.org, in 2004, John Kerry received $22.5 million from lawyers and law firms. George W. Bush received $11.5 million.
Figures for 2000 are not yet available.
But this topic is about donations from BigLaw, so you'd have to back out from those numbers the donations from "trial lawyers" -- the inaccurate public moniker referring to the plaintiffs' bar.