"Designated Target" in Dealmaking with Trump Administration Paul Weiss Loses 3 More Partners

 Of the nine law firms cutting deals with the Trump administration to lift or head off Executive Orders Paul Weiss has been hit the hardest with backlash. That has ranged from bad coverage in media and on social to loss of partners.

As I posted last weekend Paul Weiss seems to have become the "designated target" because of the perfect storm of having been very high profile and being the first mover in dealmaking with Trump. That was detailed in media/social with lots of juicy items such as using a private jet and sitting for three hours in a meeting in the Oval Office with US President Donald Trump.

Recently three more partners have left Paul Weiss. 

Bloomberg Law reports that:

"Proskauer Rose recruited a Paul Weiss partner [Sarah Stasny to] lead the firm’s US private equity transactions practice."

Stasny could wind up recruiting more lawyers from Paul Weiss.  

Before spending six years with Paul Weiss she had been with Kirkland & Ellis and Weil. 

This particular development is getting a lot of attention for two reasons. One, Stasny was on the management committee. And, two, she's not a litigator as had been other exiting partners. There is a shift going in in Big Law of veering away from pumping resources into litigation practices and simply maintaining them as a service. Litigation will probably flow to boutiques. 

In addition, Bloomberg Law adds that two more Paul Weiss partners have joined the litigation boutique that former partners Karen Dunn and more had launched. They are Meridith Dearborn and Erin Morgan. That boutique Dunn Isaacson Rhee has drained a total of 11 former partners from Paul Weiss.

The partner exits reflect not only the fallout from dealmaking but also the hot market for star legal talent. It's a sellers' market. And those stars bill at top dollar.

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