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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