Weil management committee recommends orderly wind-down of 95-year-old US law firm after partner exodus
Key points
- The management committee recommends an orderly wind-down; a partner vote is expected within days
- Per a person familiar, the firm had nearly US$2.1 billion in revenue last year and no debt
- A successor declined the top job and merger talks with Willkie Farr & Gallagher failed
Weil's management committee told partners on October 28 that it recommends an orderly wind-down of the 95-year-old law firm, according to Human Resources Director. A partner vote is expected within days. Per a person familiar, the firm had nearly US$2.1 billion in revenue last year and no debt. Partner departures since this summer, a successor who declined the top job for January, and failed merger talks with Willkie Farr & Gallagher preceded the move.
Original report: Human Resources Director ↗Edited with AI assistance. Facts are based on official sources and original reports.