Post-Milbank - Will Paul, Weiss, The New Big Kahuna, Be Out There Next?





"Paul, Weiss is next and everyone else will follow."

This observation is in response to posting on Fishbowl Big Law, November 26, 2023, about what Big Law firm (not boutique) will be first out there post-Milbank for raises and bonuses. Tomorrow is the beginning of the business week when such announcements are made. 

Not all the comments on Fishbowl agree with this opinion of Paul, Weiss as Next. However, the fact that it's posted on that influential professional anonymous network (It seems to have more reach than Reddit.) signals the growing presence of Paul, Weiss. It's become the Big Law firm to watch for trends. 

Recently, after being chair since 2008 Brad Karp renewed his contract last May. Boom, then there have been seismic developments. Among them had been three bold raids on Kirkland and Ellis talent in London. Also, it has grabbed major pieces of M&A business in what is a shrinking market. It helps its branding that it's hiring when other firms aren't and it maintains its track record of no Reductions in Force. Its Job Portal has become high-traffic territory.

If Cravath doesn't make a move soon and a significant one Paul, Weiss could replace it as market-maker. It is not hyperbolic to envision that Paul, Weiss is taking over the game. 

If Paul Weiss goes with creating the NonEquity Partner tier that could reduce the stigma of such a job classification. The existence of NEP in Kirkland and Ellis has showcased how less-than those in that slot can be and how vulnerable they are to being forced out. Paul, Weiss can make NEP cool. 

Meanwhile the legacy of current chair Karp can be up there with the giants in the history of the firm such as Judge Simon H. Rifkind.


Although Karp's track record is excellent, he could be among the wild-card late-bloomers such as Clint Eastwood. Think about it: In his youth the Eastwood of  "Play Misty for Me" could never have given us "Million Dollar Baby" and "Unforgiven." 

At age 63, Karp is the youngest of the boomers. The future could also involve another differnt career path. 

Data or the gut for your careers and communications? Both of course. Complimentary consultation with intuitive coach, content-creator, and Tarot reader Jane Genova (text 203-468-8579, janegenova374@gmail.com).


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