The president’s repeated clashes with the nation’s most prestigious law firms has had a destabilizing business effect.
Category: Sullivan & Cromwell
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At Paul Weiss, Panic, Poachers and a Fight for the Bottom Line
Fears that competitors could take its top rainmaking talent added to the law firm’s worries about a Trump executive order that targeted it.
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Trump, Big Law, and an “Existential Crisis”
The president’s clash with some of the nation’s biggest law firms appears to be far from over, potentially splintering the legal community even further.
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Sullivan & Cromwell Policy on Campus Protests is Criticized
In a letter to Sullivan & Cromwell, Mr. Nader and two other prominent lawyers condemned its efforts to screen job applicants for their participation in antiwar protests.
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A Wall Street Law Firm Wants to Define Consequences of Anti-Israel Protests
Sullivan & Cromwell is requiring job applicants to explain their participation in protests. Critics see the policy as a way to silence speech about the war.
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Law Firms Warn Universities About Antisemitism on Campus
Two dozen major Wall Street firms sent a letter to top law schools to crack down on discrimination and harassment amid an escalation in incidents targeting Jewish students.
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A $700 Million Bonanza for the Winners of Crypto’s Collapse: Lawyers
Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX.
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An A.I.-Generated Picture Stokes a Stock Market Plunge
A stock sell-off driven by a since-debunked picture underscored fears about how artificial intelligence could be used for nefarious purposes with big consequences.
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Regulators Raise the Alarm on a Potential Market Risk
Turmoil in the banking sector could have a knock-on effect on clearinghouses, the intermediaries between buyers and sellers in financial markets.
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Sam Bankman-Fried, in First Detailed Defense, Seeks to Dismiss Charges
The FTX founder, who has been charged with fraud, said the crypto exchange and its law firm had been acting against him and offering only the most incriminating evidence to prosecutors.
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Elliott Management, Activist Investor, Buys a Stake in Salesforce
The New York Times – Business:Elliott Management, the $55 billion hedge fund, has taken a big stake in the struggling tech giant, putting more pressure on its co-founder, Marc Benioff.