The door between public service and private industry is a revolving one. Examples abound of regulators who join the industries they once supervised and ex-politicians who made millions as corporate lobbyists. Lawyers are no special case. Plenty of attorneys leave practice for public service, only to return after a few years.
Eric Holder is the latest through the revolving door. After six years as Attorney General, Holder announced recently that he will be returning to his old firm, Covington and Burling. What can lawyers learn from this transition -- and should they seek to emulate it?