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California treasurer takes side gig with international law firm

Bill Lockyer just couldn’t wait to start his life after politics.

The state treasurer, who has announced he will not seek another elected office next year and will leave his current office in January 2015, has taken a side gig with the Boston-based law firm of Brown Rudnick LLP.

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Lockyer, 73, will be "of counsel" in the firm's Irvine office while he finishes his term.

The firm has more than 100 lawyers and offices in London, New York, Paris, Washington, D.C., and elsewhere. Its clients include hedge funds, venture capital firms, private equity firms and technology companies.

Lockyer has said his duties as treasurer will come first over the next year, and he is confident his new job will not pose any conflicts of interest. The state treasurer manages state investments, oversees bond sales and serves on a number of boards, including the state's two largest public pension funds.

Lockyer has served in Sacramento for four decades as a legislator, attorney general and state treasurer. He was first elected to the Assembly in 1973, went on to serve as head of the state Senate from 1994 through 1998 and had been preparing an effort to run for state controller before announcing his change of heart in June.

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Twitter: @anthonyyorklat

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