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Simpson Thacher Nails TARP contract

March 6, 2009
/ The financial crisis: background, TARP jobs

As we reported last November (click here), Simpson Thatcher was selected by the Treasury Department to advise the government on the $700 billion bailout plan. It’s fee was capped at $300,000.

Now the Legal Times Blog reports Simpson Thatcher (along with Venable) has received major, additional TARP contracts to manage bank transactions associated with the TARP. Full story, click here.

There is no word yet on the potential use of contract attorneys but this story, coupled with the Gabes Guide post on the uptick in TARP and FCPA work (click here) gives us a small ray of hope for the contract attorney market.

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