Ramona Nee, Weil’s executive partner in waiting, takes a 40-lawyer private equity and debt finance team to Kirkland & Ellis as her old firm winds down. But read Kirkland’s announcement and you would never know Weil, Gotshal & Manges existed. The firm’s name does not appear once. Kirkland & Ellis has confirmed that 40 lawyers
Kirkland Hires the Woman Who Was Meant to Save Weil Read More »
Power Points: The rainmakers went to Cravath, Paul Weiss and Skadden. Now three AI-native firms want the brand, the precedents and whichever lawyers are still looking for a desk. Weil, Gotshal & Manges has not finished dying, but the estate sale has already drawn a new breed of competitor showing interest in the firm’s ‘catalog’.
AI Law Firms Circle What Is Left of Weil Gotshal Read More »
Women are now 57.5% of New Zealand’s lawyers. Follow the ownership and the pay, and that majority starts to thin out. New Zealand law has solved its headcount problem. Ownership is taking longer. Steve Braunias’s Newsroom investigation quotes the Chief Justice asking “why are we failing to improve”, and sets out 12 years of Bar
Most NZ Lawyers Are Women, But Most of the Equity Isn’t. Read More »
By John Bowie | LawFuel The shock death notice of Weil Gotshal last week has brought into sharp relief the very idea that big law partnerships are the secure pinstripe-and-poncy positions once guaranteeing a future of special edition Range Rovers and ski holidays in the Dolomites. The once bolt-locked position of status and security has
When a $2 Billion Law Firm Falls Apart, Is BigLaw’s Business Model Next? Read More »
The largest crypto theft on record took about 20 minutes. Binance says it will cover every loss. The lawyers are less sure that promise is worth the paper it is not written on. LawFuel |John Bowie The crypto hackers may have stolen $6.3 billion in minutes, but the legal action could take years as the
$6.3 Billion Gone in 20 Minutes But The Lawyers Could Be Busy for Years Read More »
The proposed move of Weil’s London private funds team to Gibson Dunn marks another major development in the break-up of one of Big Law’s most prominent firms and shows how fast legal teams can move between firms. Gibson Dunn & Crutcher is preparing to recruit almost 40 lawyers from Weil Gotshal & Manges’ London private
Gibson Dunn Poised to Take 40 Weil Lawyers as London Exodus Accelerates Read More »
By John Bowie | The law firm that steered Lehman Brothers, General Motors and Enron through their darkest days is now planning its own. Weil, Gotshal & Manges told partners on Wednesday that its management committee has recommended an orderly wind-down of the firm. Partners are expected to vote within days. “Following a careful review
Weil Gotshal Votes on Its Own Funeral After 95 Years on Wall Street Read More »
The crisis at Weil, Gotshal & Manges has taken an extraordinary turn as The Wall Street firm famous for rescuing and restructuring distressed corporate giants has reportedly hired bankruptcy specialists to examine its own future. According to the Financial Times, Weil is working with Brian Resnick, (above) one of Davis Polk’s top restructuring partners, on
Wilson Sonsini and Freshfields take the lead roles on Anthropic’s planned Nasdaq listing, with Cravath, Orrick and Cleary Gottlieb filling out a roster fit for one of the largest IPOs in history. So who wins the biglaw work for the Anthropic float on October 26? Freshfields are one of the big winners with a ‘double
Anthropic’s IPO Hands Big Law a Seat at the AI Table Read More »
Weil spent September denying merger talks. In October it is negotiating one, while its partners keep walking out the door. In September, Weil, Gotshal & Manges said it was “not engaged in merger discussions with any firm.” As LawFuel noted at the time, the denial was carefully written in the present tense. Bloomberg Law reported
Weil’s Merger Hunt And Finding A Suitable Suitor Read More »
