President Donald Trump said Friday that large law firms, Skadden, Arps, Slate, Meagher & Flom, agreed to provide at least $100 million in legal services during the Trump administration and take other measures consistent with the president’s concerns regarding employment.
The agreement, which Trump called “essentially a settlement,” allows Skaden ARPS to avoid becoming a sixth elite law firm, and aims to impose various punishments from Trump.
The deal comes five days after billionaire Elon Musk (one of Trump’s top advisers) tweeted, “Skaden, this needs to be stopped now.”
Trump rescinded an executive order targeting law firm Paul last week. Weiss agreed to do $40 million worth of pro bono (free) legal work for president-supported causes.
Earlier Friday, two targeted law firms, Wilmer Hale and Jenner & Bullock, filed a federal lawsuit against the Trump administration over an executive order targeting them.
The third targeted company, Perkins Koy, sued the administration earlier this month over an order targeting the company.
Skadden of ARPS executive partner Jeremy London said in a statement posted online by Trump on Friday that “Skadden is
We are pleased to have achieved a successful agreement between President Trump and his administration. ”
“We have actively worked with the President and his team and worked constructively to arrive at this agreement,” London said. “The company looks forward to continuing its productive relationship with President Trump and his managers.”
“We firmly believe that this outcome is the greatest benefit of our clients, our people and our company.”
File Photo: Signs can be seen on August 30, 2020 in Washington, DC outside law firms Skadden, Arps, Slate, Meagher & Flom LLP.
Andrew Kelly | Reuters
In addition to the free legal work of both the company and the president being “support”, ARPS agreed not to engage in so-called DEIs.
Skadden, Arps, “I agreed not to deny representatives to clients, such as members of politically undisenfranchised groups that have not received historical legal representation from major national law firms, including pro bono issues.
CNBC requested comment from Skadden of Arps.
