Mitch McDeere (TOM CRUISE) is a young lawyer with a promising future. After graduating from Harvard at the top of his class, he's awash in offers from firms around the country, ultimately deciding on a small Tennessee firm that promises enough money to provide a good life for Mitch and his wife, Abby (JEANNE TRIPPLEHORN).
At first blush, the opulent firm, the perfect new friends and company Mercedes convertible seem like a dream come true, and Mitch's assigned mentor, Avery Tolar (GENE HACKMAN), assures him he has a long career ahead of him. After Mitch accidentally uncovers some shady business deals and decides to investigate, however, the dream quickly becomes a nightmare.
With help from his convict brother Ray (DAVID STRAITHAIRN), a short-lived private eye named Eddie (GARY BUSEY) and his quick-thinking assistant, Tammy (HOLLY HUNTER), Mitch uncovers the truth about his firm's shady dealings, seemingly always one step ahead of FBI Agent Wayne Tarrance (ED HARRIS), who is on the same trail.