Weil, Gotshal & Manges to Begin Orderly Wind-Down After Merger Talks Collapse
The long-standing law firm Weil, Gotshal & Manges announced that its management committee has advised partners to vote on an orderly wind-down following the end of merger discussions with Willkie Farr & Gallagher.
Weil, Gotshal & Manges, a multinational law firm with roughly 1,200 lawyers and more than $2 billion in revenue in 2025, said its management committee has recommended that partners vote on an orderly wind-down of the firm. The recommendation follows a recent departure of several partners and the termination of merger talks with Willkie Farr & Gallagher.
"For more than 90 years, Weil, Gotshal & Manges has had the privilege of advising clients on some of their most consequential matters," the firm said in a statement to CNBC.
"Following a careful review of strategic alternatives, the Firm's Management Committee has recommended to the partnership that the Firm pursue an orderly wind-down," the statement added, noting that partners are expected to vote in the coming days.
The firm pledged to continue serving clients with the same level of dedication and excellence during the wind-down period and to support its colleagues throughout the process. Weil has historically handled high-profile bankruptcy cases, including those of Lehman Brothers, General Motors and Enron.