On The Merits takes you behind the scenes of the legal world and the inner workings of law firms. This podcast offers in-depth analysis on the latest trends, challenges, and opportunities shaping the business of law and the legal industry overall. You'll gain insights into how the latest government actions, policies, and business developments are impacting the industry and hear from leading attorneys, legal scholars, industry experts, and our own team of journalists as they share their perspectives on the forces driving change.
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On The Merits takes you behind the scenes of the legal world and the inner workings of law firms. This podcast offers in-depth analysis on the latest trends, challenges, and opportunities shaping the business of law and the legal industry overall. You'll gain insights into how the latest government actions, policies, and business developments are impacting the industry and hear from leading attorneys, legal scholars, industry experts, and our own team of journalists as they share their perspectives on the forces driving change.
Paul Weiss Post-Trump Deal Exits: Catastrophe or Set Back?
On The Merits
18 minutes
2 months ago
Paul Weiss Post-Trump Deal Exits: Catastrophe or Set Back?
It's never a good look for a law firm to lose partners in bunches, and that's what's been happening at Paul Weiss in the past few weeks.
Some of the firm's high-profile litigators have announced their departures, following the deal it struck with the Trump administration to avoid a punitive executive order. Ironically, the firm negotiated the White House agreement—which includes a pledge to provide $40 million in free legal services on shared priority causes—in part to avoid a run on partners.
On today's episode of our podcast, On The Merits, Bloomberg Law reporters Roy Strom and Justin Henry explain why this is a setback for Paul Weiss, but not a catastrophic one. They note that, thus far, only trial lawyers have departed the firm, leaving intact its ability to operate in the lucrative deals space.
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On The Merits
On The Merits takes you behind the scenes of the legal world and the inner workings of law firms. This podcast offers in-depth analysis on the latest trends, challenges, and opportunities shaping the business of law and the legal industry overall. You'll gain insights into how the latest government actions, policies, and business developments are impacting the industry and hear from leading attorneys, legal scholars, industry experts, and our own team of journalists as they share their perspectives on the forces driving change.
