Show Notes
Brad Karp, Chairman of Paul Weiss, is arguably the most powerful law firm leader in America—and he has had a hell of a year. Eight weeks after suffering a heart attack, Karp faced what he calls the "existential crisis" of his career: a "nuclear" executive order from the Trump administration designed to destabilize his firm.
In this exclusive and candid interview, Karp sits down with Joel and John to share what he’s learned at the helm of one of the world's leading and most profitable firms. He opens up about the radical transformation of Paul Weiss from a litigation-focused partnership into a private equity and M&A powerhouse. Brad also shares the inside story of how Paul Weiss survived the White House's bombshell executive order against it. While critics (including our illustrious previous guest, Jeffrey Toobin) have called the firm's settlement a "capitulation," Karp argues it was a necessary duty to protect thousands of employees from a "run on the bank" that would have destroyed the firm. Spoiler– John agrees.
Guest: Brad Karp is the Chairman of Paul, Weiss, Rifkind, Wharton & Garrison. For more conversations with the titans changing the legal business, subscribe to New Law Order. For a lawyer CLE version of this interview and other legal insights, visit www.talksonlaw.com. For questions or comments about the show email us at [email protected].
More from New Law Order
Big Law has spent decades and a fortune on diversity, and the numbers barely moved at the partnership level. The usual explanation is that somewhere in the building (or somewhere in your head) there's racism and misogyny. David Wilkins, Harvard Law professor and possibly the most important scholar on the legal profession, has a less satisfying answer: you don't need bigots to get this result. You just need busy partners.
In this episode of New Law Order, Joel Cohen and Yale Law Professor John Morley speak with CJ Mahoney, Chief Legal Officer of Meta, about one of the hardest legal questions facing modern technology companies: when a product becomes deeply woven into daily life, how should the law think about harm, responsibility, and regulation? Drawing on a career that has taken him from Williams & Connolly to the Office of the U.S. Trade Representative, Microsoft, and now Meta, Mahoney offers an unusually candid look at what it means to serve as the top lawyer inside a company operating at the center of law, politics, and technological change.
Richard Sander, UCLA law professor and economist, has spent decades advancing one of the most controversial arguments in legal education: that large racial preferences in law school admissions may frequently harm the students they are intended to help. In this episode of New Law Order, Joel Cohen and Yale Law Professor John Morley speak with Sander about affirmative action, the Supreme Court’s decision in Students for Fair Admissions, and what new data may reveal about the future of law school admissions.
Michael A. Gerstenzang, the longtime managing partner and now senior partner of Cleary Gottlieb Steen & Hamilton, explains how he positioned one of the world's most established law firms to lead in AI adoption — not by outsourcing innovation, but by building it from the inside. The conversation traces a series of structural bets that began before generative AI entered the mainstream, starting with ClearyX, a wholly owned technology subsidiary launched in 2021 to reinvent M&A due diligence. Gerstenzang describes the venture's founding provocation — imagine the business that puts Cleary Gottlieb out of business, and build it — and how A/B testing against traditional associate-led diligence demonstrated equal or superior quality at roughly half the cost.
This week, we’re sharing a timely episode from a related TalksOnLaw podcast, AI Lawyer. In this episode, host Joel Cohen is joined by Judge Paul Grimm for a conversation about one of the most unsettling problems facing the legal system: what happens when audio, video, and other forms of evidence can be generated, manipulated, or challenged by artificial intelligence?