Brad Karp stepped down as chairman of Big Law firm Paul Weiss on Wednesday amid scrutiny over his ties to the late sex offender Jeffrey Epstein.
Scott Barshay was named the new chairman of the global firm, which has more than 1,000 attorneys, "effective immediately," the firm said in a news release.
"Leading Paul, Weiss for the past 18 years has been the honor of my professional life," Karp was quoted as saying in the release. "Recent reporting has created a distraction and has placed a focus on me that is not in the best interests of the firm."
The shakeup comes two days after Paul Weiss said in a statement, as reported by The New York Times, that Karp "attended two group dinners in New York City" with Epstein and "had a small number of social interactions by email, all of which he regrets."
Karp is among the elite names to appear in 3 million documents released by the Justice Department last week from its investigation into Epstein, who killed himself in jail in 2019 while awaiting trial on sex-trafficking charges.
He has been at Paul Weiss for four decades and has been chair of the firm since 2008.
This is a breaking news story. Check back for updates.
The post Brad Karp steps down as chair of Big Law firm Paul Weiss after Epstein scrutiny appeared first on Business Insider
