Matthew Sanderson Comments in The Washington Post, Law Firms Dominating Campaign Contributions to Obama
Excerpt taken from article.
Big law is heavily favoring President Obama in campaign contributions, pouring twice as much money into the president's re-election campaign than into the four leading Republican candidates combined.
Obama has received $4.1 million from lawyers and law firms compared with the $1.7 million that Mitt Romney, Herman Cain, Newt Gingrich and Ron Paul have received collectively, according to Federal Election Commission filings analyzed by the government watchdog group Center for Responsive Politics.
"Part of the reason for that, if we're talking about Obama, is that [in 2008], the legal community played a larger role in that election because Obama is a lawyer," said Matthew Sanderson, a political law attorney at Caplin & Drysdale who advises companies, candidates and committees on campaign finance and lobbying laws."Your network develops as a result of your professional activity. Your network's network is an extension of that."
It may also signify a "wait and see" attitude from Republican donors who may be "holding out until there's a clearer direction on who the nominee will be for the Republican party," Sanderson said.
Click here to read more about law firms' campaign contributions in the upcoming presidential election.