Toggle Daily
Its senior leadership team had recommended to dissolve the firm after a “careful review of alternatives”
October 28, 2026
CNN reports that Weil was founded in 1931 and employs approximately 1,200 lawyers in offices from New York to Munich to Hong Kong, according to its website. Weil Gotshal was founded in 1931 by Frank L. Weil, Sylvan Gotshal and Horace S. Manges, The New York Times and NYT report.
According to CNN, A Weil spokesperson said, “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”. Weil was founded in 1931 and employs approximately 1,200 lawyers in offices from New York to Munich to Hong Kong, according to its website. Weil Gotshal was founded in 1931 by Frank L. Weil, Sylvan Gotshal and Horace S. Manges, The New York Times and NYT report.
Still developing
Still developing. Coverage coming soon.
The New York Times and NYT report that Weil outlined the challenges that had been facing the firm, including a raft of partner defections. Amid these pressures, Weil has also struggled to determine the firm’s future leadership. The New York Times and NYT report that spokespeople for Weil and Willkie did not immediately respond to a request for comment.
How settled the reporting is
Sources
- CNN — Law firm that handled Lehman, Enron bankruptcies plans to wind down
- The New York Times — Weil Gotshal, Once a Legal Powerhouse, Plans to Dissolve - The New York Times
- The Economist — Weil’s collapse and the death of corporate loyalty
Toggle read the full reports of 3 of the 5 outlets counted on this event. The other 2 are counted from their headlines and opening sentences.