'Sarkozy may quit politics and practice law', says close friend
Paris, May 10 (ANI): Nicolas Sarkozy, who lost the recent French Presidential election, is likely to retire from active politics after a 35-year career and will practice law, one of his longtime friends has said.
"He's been mayor, lawmaker, minister, president: he's not going to do it all over again," said Patrick Balkany, a lawmaker who has been friends with Sarkozy since their teens.
"He will work again as a lawyer," The Wall Street Journal quoted him, as saying.
According to the paper, Sarkozy, 57, however, would lose his immunity to prosecution and could be summoned by magistrates probing alleged illegal campaign financing.
He will formally steps down as the President of France on Tuesday when Socialist President-elect Francois Hollande takes over.
Sarkozy, a member of the Paris Bar Association since 1981, is still a partner in the Cabinet Arnaud Claude and Associes, the law practice he founded in 1987 with two associates, and which now employs 20 lawyers.
The practice's clients include insurance companies, banks, real estate developers, carmakers as well as local authorities and public bodies that manage low-rent housing, according to its web site. (ANI)
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