Why did Brad Karp resign from Paul Weiss?

Brad Karp stepped down after the US Department of Justice released Jeffrey Epstein emails showing extensive contacts. The move addresses reputational concerns and allows new leadership to engage clients. Media reports indicate core deal activity continues, but mandate reviews and procurement checks may increase across major institutions.

Who is Scott Barshay and what could change under him?

Scott Barshay, a senior dealmaker, will succeed Brad Karp. Investors should watch for governance updates, client outreach, and partner retention. Clear ethics protocols, stable win rates on RFPs, and steady utilisation would signal continuity. Any shift in pricing, panel positions, or lateral moves will reveal how the market responds.

Will this affect UK bank or asset manager stocks?

Direct share-price effects are uncertain. The immediate impact is likely heightened scrutiny on external counsel, not rapid mandate exits. Watch for RNS statements, changes to adviser panels, or fee commentary. If client relationships hold and deal flow continues, the financial effect on related UK names should be limited.

What should UK investors watch next?

Focus on client communications, RFP outcomes, and governance steps announced under Scott Barshay. Track league tables and partner movements for early signals. If procurement timelines lengthen or pricing softens, risk rises. If clients publicly reaffirm relationships and activity continues, the episode’s financial impact will likely remain contained.

Law and Government

February 5: Paul Weiss Chair Brad Karp Resigns Over Epstein Emails

ByDanny Kontos February 5, 2026February 5, 2026

Brad Karp resigned as chair of the Paul Weiss law firm after the US Department of Justice released Jeffrey Epstein emails showing extensive contacts. Scott Barshay will succeed him. For UK investors, a leadership change at a top Wall Street adviser to global banks and private capital raises reputational risk and mandate scrutiny. Early signals suggest core deal flow remains intact, but procurement checks may tighten. We outline what this means for mandates, pipeline stability, and portfolio risk in Britain.