"Brad Karp, who served as chairman for 18 years, did not specifically cite the Epstein files for stepping down from the role, but said in a statement, Recent reporting has created a distraction and has placed a focus on me that is not in the best interests of the firm. Karp will remain at the firm, continuing to focus his full-time attention to client service at the firm, the statement said."
"Mr. Karp had come to know Mr. Epstein largely through his legal work for the billionaire Leon Black, a co-founder of the private equity firm Apollo Global Management. Mr. Black paid Mr. Epstein nearly $170 million for tax and estate planning advice, and his business and social dealings with Mr. Epstein have long been a source of controversy. But the emails revealed that Mr. Karp had socialized with Mr. Epstein."
Brad Karp resigned as chairman of Paul Weiss following disclosure of emails and interactions with Jeffrey Epstein in Department of Justice files. Karp led the firm for 18 years and said recent reporting created a distraction and an unwelcome focus that was not in the firm’s best interests. He will remain at the firm and concentrate on client service. The records show Karp visited Epstein’s New York mansion and exchanged emails, having known Epstein through legal work tied to billionaire Leon Black, who paid Epstein nearly $170 million. Some Paul Weiss lawyers privately expressed anger and embarrassment about the revelations, including an Epstein email suggesting surveillance of a former mistress. Karp also helped reach a controversial deal with Donald Trump last spring.
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