Weil Gotshal Plans Firm Dissolution
Weil Gotshal & Manges plans to wind down operations after failing to stem a wave of partner departures. The dissolution of the nearly century-old firm marks a major collapse in the legal industry.
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Weil, Gotshal & Manges plans to wind down its operations after failing to stem a departure of partners, threatening the collapse of one of the United States's most prominent law firms. The nearly century-old firm generated more than $2B in revenue last year, ranking in the top quarter of law firms nationwide. The shutdown marks one of the legal industry's largest collapses since Dewey & LeBoeuf failed in 2012.
