Last year New York Assembly Speaker Sheldon Silver’s income from prominent personal injury firm Weitz & Luxenberg, where he is of counsel, was between $350,000 and $450,000, a disclosure eagerly awaited by some Gotham reporters since details about Silver’s financial arrangement with the firm have previously been kept under wraps. Silver also has a relationship with Counsel Financial, which lends money for the furtherance of lawsuits. “Critics have suggested that the two-year gap between the old and new reporting requirements gave Silver enough time to front-load his salary from Weitz & Luxenberg before the new rules went into effect, thus making it appear he has a smaller salary when he had to finally publicly disclose it. Those close to Silver have dismissed such speculation.” Silver’s Assembly salary is $122,500. [New York Daily News; Ira Stoll]
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