Weil Gotshal tells partners it plans to wind down after 95 years
Weil Gotshal & Manges plans to wind down its operations, its leaders told partners on Wednesday, Bloomberg Law reported, citing a source briefed on the decision. The New York firm, founded in 1931, took in nearly $2.1 billion in revenue last year and ranked among the 30 largest U.S. firms. The decision follows a wave of partner exits, failed merger talks with Willkie Farr & Gallagher and a leadership succession that fell apart.
Report (Bloomberg Law) → · The Lawyer, Above the Law
Key points
- Weil leaders told partners on Wednesday, October 28, 2026, that the firm plans to wind down, according to a source briefed on the decision.Bloomberg LawAbove the Law
- Weil reported nearly $2.1 billion in revenue last year and was among the 30 largest U.S. law firms.Bloomberg LawAbove the Law
- Merger talks with Willkie Farr & Gallagher failed, and corporate head Michael Aiello announced in September he would join Cravath.Bloomberg Law
- Ramona Nee, slated to succeed longtime leader Barry Wolf as executive partner in January, decided against taking the job.Bloomberg Law
- At least seven management committee members have left or were reported to be leaving; Davis Polk restructuring lawyers are advising the firm.Bloomberg LawAbove the Law
- Earlier this week, as the firm brought in restructuring counsel, a Weil spokesperson said no decision had been made to dissolve it.Above the Law
Sources3 articles across 3 outlets
Above the Law
Bloomberg Law
The Lawyer