The arrest of former Gibson Dunn & Crutcher visiting lawyer, Romero Cabral Da Costa Neto, has shed light on Big Law’s ‘visiting attorney’ arrangements and the vetting processes involved. Costa Neto, previously a visiting attorney from noteworthy Brazilian firm Mattos Filho, was charged with insider trading for allegedly accessing internal law files through Gibson Dunn’s document management system to trade ahead of a significant merger and acquisition.
‘Visiting attorneys’ may be subjected to a different vetting process compared to U.S.-educated associates, as some firms recruit visiting lawyers from international law firms with which they have existing rapport and industry connections. This incident underscores the need for a review of the practices and guidelines tied to ‘visiting attorneys’.
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