Ed. note: Welcome to our daily feature, Quote of the Day.
The aftermath will go on for months [because of the sudden change in management]. How many people are going to be really ultimately comfortable going through this major upheaval and can stand by new management? It’s a big question mark. [This is] going to have profound ripples in the marketplace.
— A concerned industry source, in comments given to the American Lawyer, concerning Brad Karp’s sudden resignation as Paul, Weiss chair, in light of his presence in the Epstein files, and what it will mean for the firm and the profession going forward. This source claims that partners at the firm immediately began submitting their resumes elsewhere upon Karp’s unexpected announcement.
Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.