Weil Working With Big Law Firms to Place Associates, Trainees Following Plan to Dissolve

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1. 1h ago

   Weil Gotshal plans dissolution, working to place associates

   Weil Gotshal & Manges, a prominent US law firm, is planning to dissolve and is working with big law firms to place its associates and trainees. The firm's management committee recommended an orderly wind-down of its global operations. Several leading law firms are looking to take on junior lawyers and trainees from Weil.

   Why it matters

   Weil Gotshal's planned dissolution marks a significant event in the legal industry, capping a period of decline for the 95-year-old firm. The firm's troubles have been mounting, with a key partner's pending departure and difficulties in retaining talent.

   What is confirmed

   • Weil Gotshal & Manges plans to dissolve. (Reuters, Law.com)
   • The firm is working with big law firms to place its associates and trainees. (Law.com, www.abajournal.com)
   • Several leading law firms are looking to take on junior lawyers and trainees from Weil. (www.abajournal.com, www.law.com)

   Still unconfirmed

   • A key partner's pending departure contributed to Weil's troubles. (Semafor)

   What to watch next

   • Weil Gotshal's formal dissolution process
   • Placement of associates and trainees with other law firms
   • Investigation into the reasons behind Weil's decline
   Sources used for this update (11)

   1. Semafor — Exclusive / Weil’s troubles mount with key partner’s pending departure
   2. The New York Times — Weil Gotshal, a Legal Power Player, Is Fighting to Survive
   3. Reuters — Weil Gotshal law firm plans to dissolve, capping dizzying fall
   4. The Economist — Weil’s collapse and the death of corporate loyalty
   5. Law.com — Weil Working With Big Law Firms to Place Associates, Trainees Following Plan to Dissolve
   6. WSJ — The Five Whirlwind Days That Brought Down Weil Gotshal
   7. Financial Times — The last days of Weil
   8. www.abajournal.com — Rivals race to rescue Weil Gotshal lawyers as firm heads toward closure
   9. www.law.com — Weil Working With Big Law Firms to Place Associates, Trainees ...
   10. www.legalbusiness.co.uk — ‘This came from rainmakers upping and leaving’ – market ...
   11. www.legalcheek.com — Weil faces shock closure as elite US law firm suffers ...
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