Key facts
- Weil's Management Committee recommended on October 28 that the partnership pursue an orderly wind-down.
- Weil plans to close outside of bankruptcy, with Davis Polk and AlixPartners advising, per the report.
- More than 30 partners left Weil in 2025, including members of the executive committee.
- Weil told associates and staff they will be paid for 90 days and remain eligible for year-end bonuses.
Weil, Gotshal & Manges is winding down, and partners from the law firm are in reported talks to join rival Sidley Austin, according to Counsel Collective. The firm's Management Committee recommended on Wednesday, October 28 that the partnership pursue an orderly wind-down, and partners are expected to vote in the coming days.
Weil was founded in 1931, has about 1,200 lawyers and brought in roughly $2.1 billion in revenue last year. It plans to close outside of bankruptcy, with Davis Polk and AlixPartners advising. The Wall Street Journal reported the firm had no debt and few liabilities, and its profits per equity partner rose to about $5.6 million in 2025.
The firm's 2025 profit growth was about 4%, while most of its top-20 peers grew by double digits, according to the report. More than 30 partners left this year, including members of the executive committee, and the final unraveling took three to four weeks.
Associates and staff were told they will be paid for 90 days and remain eligible for year-end bonuses. Weil is also working with other large firms to place associates and trainees. Simpson Thacher, Paul Weiss, Cravath and Sullivan & Cromwell have taken the largest groups of departing partners, the report said.