Weil Gotshal Leaders Reportedly Tell Staff of Dissolution Plans

Weil, Gotshal & Manges is facing an urgent fight for its future after a wave of partner departures, leadership turmoil and failed merger talks. The firm has hired advisers from Davis Polk, including a bankruptcy partner, to assess options that reportedly include a rescue or a wind-down. Leaders have held intensive meetings to try to stabilize the firm, even as management committee members and other lawyers prepare to leave. Reports that leaders have told staff they plan to dissolve the firm underscore the uncertainty, though other options have also been discussed.