Baker & McKenzie, a Chicago-based international law firm, revealed that Marc Litt, the lead prosecutor of convicted Ponzi schemer Madoff, is the firm’s new partner beginning in January 2011. Litt’s addition to the firm is said to be a strong force to strengthen the global compliance practice of the Baker & McKenzie’s. Eduardo Leite, chairman of Baker & McKenzie’s executive committee, pointed out that the firm is putting a high priority on its global compliance area and Litt’s expertise will be of a great help. “With new regulations and increased enforcement in several jurisdictions, compliance has become a top priority today for multinational companies.”
As a prosecutor, Litt’s focus has been focused on the area of securities litigation, including securities fraud, money laundering, and other white-collar crimes. Litt served as an assistant US Attorney for the Southern District of New York since 2002. He worked previously at the Paul, Weiss, Rifkind, Wharton & Garrison LLP as a litigation associate after graduating from Columbia University School of Law in 1992. Litt was also with the US Attorney’s office for the District of Columbia in 1998 before he moved to his present position.
Baker & McKenzie is a major international law firm with gross revenue of $2.1 billion. The firm has a total of more than 3,950 lawyers over its 67 offices located in 39 different countries.