Weil Gotshal Engages Restructuring Advisors as Collapse Looms
Weil Gotshal & Manges has engaged restructuring specialists to evaluate a potential wind-down or slimmed-down entity after merger talks collapsed and its designated successor declined the chair role. The firm faces a 'run on the bank' scenario as top partners defect, threatening its status as a top-30 US law firm despite $2 billion in revenue.