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Found this article while digging on Robert Schumer, who POTUS mentioned last night during the rally. A bit dated, but informative. I've trimmed it a bit for brevity.
Wall Street Law Firm Emerges as N.Y. Power Center in Biden Era
Damian Williams, the man poised to be nominated as the next top federal prosecutor in Manhattan, shares a credential with several other New York power players associated with the Biden administration: he’s been a lawyer at the elite firm Paul, Weiss, Rifkind, Wharton & Garrison.
Williams was put forth for the role by a panel that includes Robert Schumer, a Paul Weiss partner and the brother of Senate Majority Leader Chuck Schumer. If confirmed by the Senate, Williams will work a block away from Mark Pomerantz, a senior Paul Weiss lawyer now on leave helping with District Attorney Cyrus Vance Jr.’s criminal investigation of Donald Trump. Paul Weiss Chairman Brad Karp is a major fund-raiser for Democrats and has publicly advocated for immigration reform and gun control. “We have many alumni and friends in senior positions in the Biden-Harris administration,” Karp said in an email.
There’s also the possibility that a Paul Weiss alumnus, Representative Hakeem Jefferies, becomes House Speaker – the New York Democrat is widely seen as a potential successor to Nancy Pelosi, who has said she won’t seek another term in two years. According to John Coffee, a law professor at Columbia Law School, “Brad Karp is the most-connected man in New York City and Washington.”
That’s good news to the Wall Street banks for whom Paul Weiss is the go-to firm to handle allegations of wrongdoing. The firm of more than 1,000 lawyers also represents private equity funds, oil companies, Chinese tech giants and other large corporations in a variety of matters that generate over $1 billion a year in revenue, according to The American Lawyer magazine. That client list increasingly sits uneasily with the Democratic Party’s progressive tilt.
The firm represented Deutsche Bank in the government’s probe of Libor manipulation and negotiated a 2015 federal deferred prosecution agreement as part of a broader $2.5 billion settlement. JPMorgan Chase & Co.turned to Paul Weiss for the Justice Department’s foreign-bribery investigation of the bank’s hiring of the children of high-ranking Chinese officials, which ended with a $264 million settlement in 2016. Karp himself represented Citigroup in both government investigations and private lawsuits stemming from the 2008 financial crisis.
More recently, Paul Weiss has lobbied the Commerce and Treasury departments on behalf of China’s Tencent Holdings Ltd. over Trump’s ban on the use of WeChat messaging technology in the U.S.
Robert Schumer, a mergers and acquisitions lawyer at Paul Weiss, serves with lawyers at other firms on his brother’s panel screening candidates for judicial and U.S. attorney nominations.
If history’s any guide, some of the judges Biden appoints could have Paul Weiss ties. Manhattan’s chief federal trial judge, Colleen McMahon, and her colleague Lewis Kaplan were both partners at the firm before being appointed to the bench by Bill Clinton. On its website, the firm proudly notes that Supreme Court Justices Ruth Bader Ginsburg, Elena Kagan and Sonia Sotomayor all began their legal careers as Paul Weiss summer associates.
[Full article]
https://news.bloomberglaw.com/us-law-week/wall-street-law-firm-emerges-as-n-y-power-center-in-biden-era
[Robert Schumer, Paul, Weiss profile]
https://www.paulweiss.com/professionals/partners-and-counsel/robert-b-schumer
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A few other notes on Robert Schumer -
He is a Director of New Alternatives for Children, Inc. (this needs a dig)
https://www.nackidscan.org/home/index.php
https://financialservicesinc.ubs.com/team/epsteinpartners/meetourteam.html
He represents TimeWarner an awful lot. From the website:
Lead lawyer on numerous high-profile transactions, including:
Time Warner Cable
$78.7 billion merger with Charter Communications;
$45.2 billion stock-for-stock merger with Comcast Corporation
$3 billion acquisition of Insight Communications;
$17.9 billion acquisition of the cable properties of Adelphia Communications Corporation.
$2.8 billion acquisition of the cable television interests of the Newhouse family
$58 billion bid for AT&T Broadband and in the $9 billion restructuring of Time Warner Entertainment, with Comcast and AT&T;