Paul, Weiss Rebuilds: Trump Dealmaking/Epstein Association Fading in Collective Memory Bank

 Throughout the Fortune 500, human talent has been losing its value. In professional services, such as law, the value and price of that talent keep escalating.

The game in large law firms is to recruit, retain and motivate that talent. So, it's a sign that Paul, Weiss is emerging from the residue of the Trump dealmaking and distraction of the Epstein fallout. It has been acquiring some top talent. 

Recently in the US the star hires range from Trent Bridges, energy M&A Houston, to Daniel Zygielbaum, tax matters in DC. With Paul, Weiss's bulging war chest there could be lots more big-name partner acquisitions. It's not a stretch to size up Big Law as binary: stars and all the rest. The latter are increasingly expendable. 

Eventually large law firms could reconfigure from the pyramid, with tons of worker bees at the bottom, to the diamond. The structure will have only a handful at the bottom, seasoned midlevels in the middle and a small pool of partners at the top. The pool will continue to shrink in order to boost the payout of Profits Per Each Equity Partner. 

Another possible reconfiguration, I envision, is for partners to vote former chair Brad Karp back into leadership. The firm is in transition - actually all of Big Law is in flux - and could require his soft skills. The first step would be rejoining the powerful Management Committee.

Recall that former Disney CEO Bob Iger managed to get his old job back. The media covered the tactics. Michael Milken, post-prison, became a saint. We all know that Apple needed fired Steve Jobs. Across the ocean was Winston Churchill, who kept being written out. And here we have Kathy Ruemmler still at Goldman Sachs.

In my intuitive coaching I guide clients to embrace stunners as the new usual. Stop gawking and run with the new opportunity.

Careers? So Over. It’s about Earning a Good Living. No matter what.

Complimentary consultation. No Pressure. Street-smart Guidance. Contact Jane Genova janegenova374@gmail.com.




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