Weil confirms management committee recommends 'orderly wind-down'; partners to vote
Weil, Gotshal & Manges confirmed on Wednesday, October 28, that its management committee has recommended the partnership pursue an orderly wind-down after a review of strategic alternatives, with a partner vote expected in the coming days. The firm, which has about 1,200 lawyers and reportedly took in more than $2 billion in revenue in 2025, said it will keep serving clients during a wind-down lasting months.
Report (CNBC) → · Legal Business, Global Legal Post, LawFuel
Key points
- Weil said its management committee recommended an orderly wind-down following a careful review of strategic alternatives.CNBCLegal BusinessGlobal Legal Post
- The firm said partners are expected to vote on the recommendation in the coming days.CNBCGlobal Legal Post
- Weil said it will continue serving clients and supporting colleagues during a wind-down over the coming months.CNBCGlobal Legal Post
- The firm has about 1,200 lawyers and reportedly had more than $2 billion in revenue in 2025.CNBCGlobal Legal Post
- The recommendation follows a wave of partner exits and the end of merger talks with Willkie Farr & Gallagher.CNBCLawFuel
- Davis Polk restructuring partner Brian Resnick and managing partner Neil Barr are advising Weil, according to media reports.Global Legal Post