President Donald Trump is moving against a top Wall Street law firm as his improving relationship with banks and hedge funds hits a critical juncture.
Trump targeted Paul Weiss in a Friday order directing federal agencies to scrap contracts with companies who are the firm’s clients and suspend lawyers’ security clearances. It follows similar moves against law firms Perkins Coie and Covington & Burling.
In Paul Weiss, Trump is taking on a powerful firm whose 150-year history is closely tied to its work for leading financial institutions like Citibank, JPMorgan Chase & Co., and Goldman Sachs, as well …