In a recent episode of the “Legal Speak” podcast, attorney and journalist David Lat engaged in a detailed discussion with host Patrick Smith regarding the recent developments at Paul, Weiss, Rifkind, Wharton & Garrison LLP, particularly focusing on the resignation of longtime chairman Brad Karp.
Brad Karp, who had led Paul Weiss since 2008, stepped down from his position following the release of emails that revealed his extensive interactions with the late financier and convicted sex offender Jeffrey Epstein. These communications, disclosed by the U.S. Department of Justice, included personal and business exchanges spanning several years. In response to the revelations, Karp stated that the ensuing media attention had become a distraction not in the firm’s best interests. He will continue to serve as a partner at the firm, focusing on client services. ([theguardian.com](https://www.theguardian.com/us-news/2026/feb/05/paul-weiss-chairman-brad-karp-resigns-epstein-emails?utm_source=openai))
During the podcast, Lat and Smith explored the implications of Karp’s resignation for Paul Weiss. They discussed how the firm, under Karp’s leadership, had transformed from a predominantly litigation-focused practice into a major player in corporate deal work, with annual revenues exceeding $2.6 billion by 2024. ([fortune.com](https://fortune.com/2026/02/05/karp-steps-down-as-paul-weiss-chairman-after-epstein-emails//?utm_source=openai)) The conversation also touched upon the firm’s strategic direction and how it might navigate the challenges posed by this leadership change.
Scott Barshay, previously the head of the firm’s corporate department, has been appointed as the new chairman. Barshay is recognized for his role in significant mergers and acquisitions, including Anheuser-Busch InBev’s $107 billion takeover of SABMiller and Chevron’s $55 billion acquisition of Hess. His appointment signals the firm’s commitment to maintaining its strong position in the corporate legal sector. ([investing.com](https://www.investing.com/news/economy-news/paul-weiss-chairman-brad-karp-resigns-4486413?utm_source=openai))
The discussion also addressed the broader impact of the Epstein revelations on the legal community and the importance of ethical considerations in maintaining client trust and firm reputation. Lat emphasized the need for law firms to uphold the highest standards of conduct, especially when dealing with high-profile clients and sensitive matters.
As Paul Weiss moves forward under new leadership, the firm faces the challenge of preserving its esteemed reputation while adapting to the evolving legal landscape. The insights shared by Lat and Smith provide a nuanced perspective on the complexities involved in such a significant transition within one of the nation’s leading law firms.