http://blogs.wsj.com/law/2007/03/07/oxley-to-join-baker-hostetler/
One thing you’ve got to admit about Michael Oxley: he’s an excellent farmer. First off, he instinctively recognized the past decade’s economic scandals as the fertile field in which to sow his crop. Next, he planted the Sarbanes-Oxley Act on that field which created headaches for many market segments, but was the greatest gift to one,- the legal market. Now, he is set to join the Washington, D.C. office of Baker Hostetler as Of-Counsel on March 12 to reap the benefits of what he sowed.
According to a survey assessing key elements of the In-House Counsel/Outside Counsel Relationship for 2006, Association of Corporate Counsel and Serengeti jointly found that 86% out of 169 surveyed companies thought compliance of the Sarbanes-Oxley Act was their primary headache. The same companies, after reporting legal costs as their primary headache through last four years, today report the Sarbanes-Oxley headache as scarier than legal costs. The harvest is ready for Mr. Oxley in his new avatar as Of-Counsel. For the first time in centuries, companies aren’t complaining about legal costs; they’ve got Sarbanes-Oxley to worry about.