For more than a decade, Brad Karp has led Paul, Weiss during a period of significant growth and change, including its emergence as one of the most profitable firms in BigLaw. In this episode, Karp describes how large law firms are built, governed, and sustained over time.

Karp discusses how Paul, Weiss evolved from a litigation-heavy firm into a more diversified platform spanning private equity, public M&A, restructuring, and regulatory defense; how major client relationships influenced firm strategy; and how consensus governance and partnership norms operate as firms grow in size and complexity. The conversation also addresses senior-level recruiting, practice-group development, geographic expansion, and the challenges of making long-term investments while maintaining institutional culture.

Executive Order Insights: The podcast concludes with a candid discussion of the impact and decision make in the wake of the executive actions directed at major firms such as Paul, Weiss, and what those events revealed about risk, resilience, and structures inside large partnerships.

This episode is part of New Law Order, a TalksOnLaw limited series and standalone podcast co-hosted by Joel Cohen and John Morley, whose scholarship focuses on the structure and economics of law firms.

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