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Some law firms are fighting back against Trump. Paul Weiss isn't one of them.

Mar 25, 2025 - businessinsider.com
The article discusses Donald Trump's recent actions against major law firms, including Paul Weiss, Perkins Coie, and Covington & Burling, accusing them of threatening national security by representing his opponents. Trump ordered reviews of government contracts and stripped lawyers of security clearances. Paul Weiss negotiated with Trump, agreeing not to pursue DEI policies and providing $40 million in pro bono work, which some in the legal community viewed as a capitulation. The firm's chairman, Brad Karp, defended the decision, citing the potential destruction of the firm due to the executive order.

Additionally, the article covers various market and business updates, including positive investor reactions to potential tariff changes by Trump, a rebound in Tesla's stock, and challenges faced by tech companies under Trump's presidency. It also highlights issues like the impact of Trump's funding cuts on Social Security services and the risks of using buy now, pay later options for small purchases. Other news includes a TikTok executive's departure, a Tesla task force investigation, and signs of a potential recession.

Key takeaways:

  • Donald Trump has targeted major law firms, accusing them of threatening national security by representing his opponents.
  • Paul Weiss agreed to Trump's demands, including providing $40 million in pro bono legal work, leading to criticism from the legal community.
  • Investors are optimistic about potential softer tariffs from Trump, boosting market sentiment.
  • Tech companies are finding it challenging to operate under Trump's presidency, despite initial support for his pro-business stance.
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