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Eugene

(66,737 posts)
Sat Dec 20, 2025, 08:56 AM Saturday

Cadwalader, Wickersham & Taft: Storied Law Firm Pays Brutal Price for Surrendering to Trump [View all]

Source: The Daily Beast

Storied Law Firm Pays Brutal Price for Surrendering to Trump

Janna Brancolini, Tom Sanders
Fri, December 19, 2025 at 1:03 PM EST 2 min read

A storied Wall Street law firm that hemorrhaged talent after bending the knee to President Donald Trump has announced plans to merge with a much larger firm in a bid to save its practice.

Cadwalader, Wickersham & Taft had been actively looking for a merger partner after many of its top attorneys left over the firm’s decision to pledge $100 million in pro bono work to support the president’s priorities, The Wall Street Journal reported.

Last spring, the president signed a series of executive orders stripping attorneys from certain firms of their security clearances, limiting their access to government buildings, and terminating government contracts with the firms.

While some firms like Cadwalader made deals with the administration to avoid a similar punishment, others fought the orders and won big in court, adding to the humiliation of the capitulating firms.

-snip-

Read more: https://finance.yahoo.com/news/storied-law-firm-pays-brutal-180330522.html

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Well, well...so Wall St.'s support is waning...that is encouraging! Keep on goin'! DOWN, down, down.. CTyankee Saturday #1
It really isn't as far as law firms. Henry203 Saturday #10
real story olivia11 Saturday #2
Welcome to DU LetMyPeopleVote Saturday #19
yes indeed Skittles Saturday #21
Maybe the firm should have asked if their attorneys would give their talents away UpInArms Saturday #3
But these guys weren't magats NJCher Saturday #4
The lead partners, if not MAGAts, UpInArms Saturday #6
Am I supposed to feel sorry for a corporate law firm? bluedigger Saturday #5
Make a deal with a rapist Aviation Pro Saturday #7
Interesting development Henry203 Saturday #8
Educate us non-legal eagles KY_EnviroGuy Saturday #15
The vertical Henry203 Saturday #16
Thank you and Happy Holidays! KY_EnviroGuy Saturday #18
If I was their client I'd drop them posthaste pfitz59 Saturday #9
or their country Skittles Saturday #22
Gonna be tough to collect on that $100 million in pro bono work from a defunct law firm. ToxMarz Saturday #11
you can play a number of stall games NJCher Saturday #12
... littlemissmartypants Saturday #13
The thing about law firms is ... all your assets walk out the door at 5 o'clock FakeNoose Saturday #14
No different in any professional service business Henry203 Saturday #17
Firms that gave into trump are paying a justified price for their cowardliness LetMyPeopleVote Saturday #20
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