On The Merits

De: Bloomberg Industry Group
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  • Resumen

  • On The Merits takes you behind the scenes of the legal world and the inner workings of government. This podcast offers in-depth analysis on the latest trends, challenges, and opportunities shaping the business of law firms, legal technology, regulations, and the industry overall. You'll gain insights into how government actions, policies, and legal developments are impacting the industry and hear from leading attorneys, legal scholars, industry experts, and government officials as they share their perspectives on the forces driving change in law and government.
    © 2025 Bloomberg Industry Group, Inc. All Rights Reserved
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Economía Política y Gobierno
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Episodios
  • Trump Orders Could Implode Law Firms With Frightening Speed

    Trump Orders Could Implode Law Firms With Frightening Speed
    Apr 15 2025
    Like a run on a bank, law firms can quickly collapse if a few rainmakers pick up and take their books of business elsewhere—a vicious cycle that's hard to stop once it gets going. That's the takeaway from a law review article by Yale professor John Morley. He says a partner exodus can happen quickly because there's a huge financial incentive not to be one of the last partners remaining at a firm. That dynamic is on many partners' minds right now as they debate whether to fight the White House's punitive executive orders. For this episode of our podcast, On The Merits, Morley spoke with Bloomberg Law reporter Roy Strom about how these so-called "runs on the partnership" can play out and about which types of firms are the most vulnerable to a catastrophic implosion. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    24 m
  • Trump Gets Millions in Pro Bono Work, But Details Still Fuzzy

    Trump Gets Millions in Pro Bono Work, But Details Still Fuzzy
    Apr 8 2025
    Law firms are striking deals with President Trump to avoid getting hit with a punitive executive order, and all of these deals include pledges of tens of millions of dollars in pro bono legal work. In this quickly changing landscape, it appears that the biggest law firm in the country, Kirkland & Ellis, is considering one of these commitments to the White House. However, the details of how these deals will work in practice are scant to nonexistent. How will the legal work be tracked? What qualifies as a conservative client? Can the White House reject certain clients as not conservative enough? And does this mean these firms will now turn away liberal-leaning pro bono clients? On today's episode of our podcast, On The Merits, Bloomberg Law reporters Justin Henry and Meghan Tribe dig into the questions surrounding these law firm deals and ask whether this ambiguity is by design. They also talk about what it means that a firm as big as Kirkland is now choosing to negotiate with the White House rather than fight it in court. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    18 m
  • Skadden Is Heading Down a 'Craven Path,' Associate Says

    Skadden Is Heading Down a 'Craven Path,' Associate Says
    Apr 1 2025
    "I cannot imagine a worse deal than the one that Skadden came away with." That's the opinion of one of the law firm's own associates, Rachel Cohen. The Chicago-based finance lawyer has grabbed the spotlight by criticizing Skadden and Paul Weiss for reaching agreements with President Donald Trump as he targets Big Law through a series of executive orders. She's also slammed others for staying quiet, even as three major firms fight Trump directives in court. "The industry is not uniting," said Cohen, who is set to officially leave the firm later this week. "We have to be proactive here and we've not seen that from anyone except for associates." Late last week, President Trump said that, to avoid being targeted by a punitive executive order, Skadden, Arps, Slate, Meagher & Flom agreed to provide $100 million worth of pro bono services to causes Trump supports. This is $60 million more than was offered in a similar deal struck by the firm Paul Weiss weeks earlier. Even before this, Cohen had already put in her resignation, which will take effect later this week. More than 1,500 Big Law associates anonymously signed an open letter criticizing the industry's response to Trump's attacks. Cohen chose not to remain anonymous. Now she's calling on Big Law associates to go on a "recruitment strike" and refuse to do any recruitment for their firms until partners take a stronger stance against Trump. On this episode of our podcast, On The Merits, Cohen speaks with Bloomberg Law editor Jessie Kokrda Kamens about her reaction to the Skadden deal and about what power associates have in this ongoing battle between Big Law and the White House. "Associates are the workhorses," she said. "And the partners certainly do not want to be responsible for the work that they historically farm out to associates." Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    26 m
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