Trump, Paul Weiss and Deals
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Donald Trump scrapped his executive order against Paul Weiss, a law firm known for liberal views.
Bloomberg L.P. |
Either cut a deal with him to protect their billion-dollar businesses, or sue him to assert their right to continue representing clients as they please.
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The law firm’s chairman, Brad Karp, capitulated to the president’s threats. The descendants of the man who wrote its high-minded principles told Mr. Karp that he had betrayed them.
A day after President Donald Trump announced that Paul, Weiss, Rifkind, Wharton & Garrison chair Brad Karp had agreed to a deal to rescind an executive order, the law firm was getting pummeled with criticism for capitulating to the president.
8don MSN
More than 140 alumni of Paul Weiss signed an open letter to chairman Brad Karp.
Paul Weiss Chairman Brad Karp said in a letter to its lawyers and staff on Sunday that the Trump administration would not be "dictating" what free legal work the powerful Wall Street law firm would provide under a deal it struck with the White House last week.
I don’t have a large budget for outside counsel, but I definitely won’t be spending it with law firms who don’t stand up for themselves in the face of injustice," Ray Everett, general counsel for health care at TopCon Corp.
"The deal was announced, and that was it for me," Frey said, noting that she was "absolutely not considering leaving" prior to Skadden's decision to provide $100 million in pro bo