Roy Strom

1 week ago | news.bloomberglaw.com | Roy Strom

Welcome back to the Big Law Business column. I’m Roy Strom, and today we look at how Big Law might respond to a recession. Sign up for Business & Practice, a free morning newsletter from Bloomberg Law. Nearly 100 days into the second Trump administration, few groups of business leaders are experiencing an expectations reset as dramatic as Big Law leaders.

1 week ago | news.bloombergtax.com | Roy Strom

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1 week ago | news.bloombergtax.com | Roy Strom

Welcome back to the Big Law Business column. I’m Roy Strom, and today we look at how Big Law might respond to a recession. Sign up for Business & Practice, a free morning newsletter from Bloomberg Law. Nearly 100 days into the second Trump administration, few groups of business leaders are experiencing an expectations reset as dramatic as Big Law leaders.

1 week ago | news.bloomberglaw.com | Roy Strom

President Donald Trump’s offensive against Big Law has moved beyond retribution, as firms with no past adversarial relationship with him feel pressure to appease. Kirkland & Ellis, Latham & Watkins, Simpson Thacher & Bartlett, A&O Shearman and Cadwalader, Wickersham & Taft struck deals with the administration Friday, promising $600 million worth of legal services. The firms are among the most prestigious and profitable in the country, with many of them focusing on private equity deals.

2 weeks ago | news.bloombergtax.com | Roy Strom

President Donald Trump said Big Law firms that so far have pledged $340 million of work on his behalf will help ramp up coal mining and negotiate with foreign countries over tariffs. “We’re going to use some of those firms to work with you on your leasing and other things,” Trump told miners at the White House on Tuesday. “They’ll do a great job. I think they’re going to do a fantastic job.”Trump also said the law firms would help with tariff negotiations.