N.Y.People moves
Weil Gotshal weighs strategic options including a possible merger after partner exits
Weil, Gotshal & Manges is considering options for its future, including a potential combination with a rival, people familiar with the matter told Bloomberg, as the firm absorbs a wave of senior departures. Firm leaders have held informal discussions to gauge interest and have been canvassing partners while also studying lateral hires and promotions; a spokesperson said Weil is not engaged in merger discussions with any firm and could remain independent.
Announcement (Bloomberg) → · Bloomberg Law, Reuters
Key points
- People familiar with the matter told Bloomberg that Weil is considering strategic options that include a potential merger with a competitor.BloombergBloomberg LawReuters
- Some firm leaders have held informal discussions to gauge rival interest and have been canvassing partners while studying strategic hires and promotions.BloombergBloomberg Law
- A Weil spokesperson said the firm is not engaged in merger discussions with any firm and continually evaluates opportunities to strengthen its platform.Bloomberg Law
- Coverage cites Michael Aiello’s move to Cravath and David Avery-Gee and Sarah Flaherty joining Sullivan & Cromwell.Bloomberg Law
- Bloomberg reported Weil could still remain independent.BloombergBloomberg Law