Weil, Gotshal & Manges Management Committee Recommends Orderly Wind-Down of Operations
The management committee of long-standing Wall Street law firm Weil, Gotshal & Manges has recommended that its partners initiate an orderly wind-down of the firm's operations. This decision follows a significant exodus of partners and the recent collapse of merger negotiations with Willkie Farr & Gallagher. The firm, which employs approximately 1,200 lawyers and reported revenues exceeding $2 billion in 2025, has played a major role in high-profile legal matters including the bankruptcies of Lehman Brothers, General Motors, and Enron. Partners are expected to vote on the recommendation in the coming days.
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Topics: Failed Merger Law Firm Wind-down Legal Industry News Partnership Exodus