Big Law: Darkness Falls on Both Dealmaking Firms and the Resistance

 The fear of losing clients as a result of the Executive Orders or the threat of them dominated both those firms which cut deals with the Trump administration and the ones which filed lawsuits challenging EOs' legality. Among the nine negotiators have been Paul Weiss, Skadden and Latham. The resistance includes Perkins Coie, Jenner & Block and Wilmer Cutler. 

Well, Law360, posts Reddit Big Law, found that both groups have experienced client loss. So far that numbers 19. Perkins Coie has been hit with seven. Some of those are government contractors such as Honeywell. Obviously they don't want to risk incurring the ire of the administration.

Part of the client defections may be the result of normal churn. That has become prevalent because no longer do clients and law firms, as it might be said, marry for life. 

How we might size up the client losses which result from the administration's targeting large law firms is this: When it comes to the issue of preserving accounts there had been no absolute right answers. At least as they relate to the business. 

In the court of public opinion there has been a different story. Overall, the firms which negotiated have been vilified. It'll be a long way back from this reputational crisis. Meanwhile, their brands have had to be reset from progressive to aligned with the ideology of the current administration.

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