From the Houston Chronicle: "Career, firm built on asbestos cases," by Thomas Korosec--
[H]e built one of Texas' largest plaintiffs firms, Dallas-based Baron & Budd, from hundreds of millions of dollars in asbestos settlements and verdicts.Today, the firm has 78 lawyers, 400 support staffers, three corporate jets, a double-digit percentage of the roughly 295,000 asbestos claims pending across the nation and annual revenues estimated by Forbes at $150 million a year. Baron's share: $21 million a year, the magazine estimates.
Baron scoffs at that number and says he sold his partnership share at the end of 2002 so as to not present a conflict of interest with his present job: raising money for the Democratic presidential ticket
"I'm done with asbestos litigation. I'm finished," Baron, 57, said in a recent interview. "Nobody prints that because I'm a poster boy, an asbestos lawyer working in his own self-interest."
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