Weil has gone from elite New York firm still hiring new partners to confirming plans to wind down in a matter of just weeks, with last night’s news that the firm is set to dissolve paving the way for the biggest law firm failure in history.
Following an exodus of its top rainmakers since summer and merger talks with Willkie breaking down only last week, Weil, which generated nearly $2.1bn in revenue last year, told partners it plans to wind down operations yesterday evening (28 October).
