Nominee for deputy attorney general James Cole made just over $900,000 in 2009 and has vacation property valued at $3.3 million, according to a financial disclosure report he submitted.
Cole, a partner in the Washington office of Bryan Cave, reported a net worth to $7.1 million, making him the latest in a long line of wealthy lawyers from both political parties who have taken top jobs in the Justice Department. He had to complete the disclosure report as part of the Senate confirmation process, and it runs to 57 pages (PDF).
Under a section for income, Cole lists his 2009 partnership share as $900,336, well above the firm’s $625,000 profits per partner last year, according to the most recent AmLaw 100. Submitting the disclosure report April 16, he listed his 2010 distribution as $225,000 so far.
Cole’s largest single asset is a “summer home,” including a house and four lots valued at $3.3 million in all. He’s the general partner of a family investment partnership with more than 400 stock holdings. His only liability is a mortgage with a balance of $203,257.
If the Senate confirms him, Cole is set to receive the $263,400 that’s in his firm capital account.
The report also asks for the names of clients for whom Cole did at least $5,000 worth of work since January 2008. He lists 20 clients, including American International Group Inc., for whom he is monitoring a deferred-prosecution agreement with the Justice Department, and Anchin Block & Anchin of New York.
Cole’s confirmation hearing is set for June 15.
An earlier version of this post misstated the time period for which Cole had to disclose clients.
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