State Treasurer Bill Lockyer has joined the Orange County office of an international law firm, where he’ll practice law part-time until his term in office ends in January 2015.
“I’m excited to join Brown Rudnick,” Lockyer said in a news release issued by the firm. “I’m attracted by the firm’s reputation for excellence, its entrepreneurial spirit and collaborative culture, and I like the people. Brown Rudnick only recently established an office in California, and I’m looking forward to the challenge of helping my colleagues grow the firm’s presence here on the West Coast. I will continue to devote all of the considerable time and attention necessary to carry out my responsibilities as State Treasurer, as I have throughout my time in public service.”
Lockyer, 72, of Hayward, announced in June that he would not run for state controller in 2014, ending a 46-year political career that began with a local Democratic committee and culminated with 16 years in statewide office. “It’s time to do something different,” he had said at the time. “Being controller has its unique challenges, but it’s not what I want to do next in my life. … It’s different but it’s still fiscal management, and I need a new challenge.”
He also had said his troubled relationship with his wife, former Alameda County Supervisor Nadia Lockyer – whose extramarital affair and drug addiction had put them in the headlines and their marriage temporarily on the rocks – didn’t influence his career decision.
Lockyer will serve on the government law and strategies team at Brown Rudnick, which has about 200 attorneys in cities including Boston, New York, Washington, London and Dublin. Chairman and CEO Joseph Ryan said the firm is delighted to welcome Lockyer to a capacity “which will fully accommodate his duties as State Treasurer.”
“Over the last 45 years, Bill has distinguished himself as one of California’s most admired and trusted leaders,” Ryan said in the release. “He has proven himself to be an exceptional public servant and our employment agreement will ensure that he can continue to discharge his public responsibilities free from distractions, conflicts or time constraints while being associated with Brown Rudnick. Even though Bill will be able to devote only limited time to private practice over the next year, I am sure he will quickly become a highly valued adviser to our clients.”
Ron Rus, head of Brown Rudnick’s Orange County office, added Lockyer’s knowledge and experience “will be of enormous importance to our clients working to develop and implement their business strategies in California and beyond.”
UPDATE @ 3:11 P.M.: Read my full story on this, including an interview with Lockyer and questions about possible conflicts.