Trump, Major Law Firm Reach $100M Deal Amid Pressure Blitz

Skadden, Arps, Slate, Meagher & Flom LLP, a major New York law firm, reached a deal Friday with the Trump administration to avert the type of executive orders that President Donald Trump has issued against many of its competitors.

“This was essentially a settlement,” Trump told reporters at the White House following the swearing-in ceremony of Alina Habba as the interim U.S. attorney for New Jersey, adding, “We very much appreciate their coming to the table.” Trump’s news conference aired live on Newsmax and the Newsmax2 online streaming platform.

Skadden avoided becoming the next major U.S. law firm to be targeted through executive orders, many of which stated that the Trump administration is “committed to addressing the significant risks associated with law firms, particularly so-called ‘Big Law’ firms, which engage in conduct detrimental to critical American interests.”

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