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Partner Neil M. Barofsky was recognized by New York Law Journal as a Trailblazer for 2019 for his work on Monitorships. This is the inaugural list of New York Trailblazers and features lawyers who are innovators and thought leaders in the midst of constant technological and social change.
In his profile, the publication recognized Mr. Barofsky for his “Pioneer Spirit” in monitoring corporate compliance. As a former federal prosecutor, and as the Presidentially appointed first special inspector general of the historic US$700 billion Troubled Asset Relief Program, Mr. Barofsky built a first-of-its-kind Monitorship Practice at Jenner & Block and sees a growing role for corporate monitors. He stressed that monitorships are not only about compliance, but also reform. “There’s a tendency for a monitor to look at a problem, identify how he or she would solve the problem and impose that solution through a recommendation on the company. If the reforms aren’t smart, if they don’t make sense, if the company hasn’t fully accepted them, they throw them out the window the second you walk out the door.”