Weil Gotshal partners vote to dissolve firm
According to Law.com, the next phase will center on paying creditors—chiefly landlords—and collecting outstanding receivables. (Photo from Shutterstock)
Partners at Weil, Gotshal & Manges have formally voted to dissolve the nearly century-old law firm.
Law.com reported Tuesday that 97% of the firm’s partners approved the move, which came about two weeks after the management committee recommended it Oct. 28. A three-person dissolution committee will oversee the firm’s dissolution, while Weil Gotshal executive chair Barry Wolf will act as a special consultant through the end of the year and longer if the wind-down runs into 2027. The firm will also utilize restructuring officers from management consulting agency AlixPartners and Davis Polk & Wardwell.
According to Law.com, the next phase will center on paying creditors—chiefly landlords—and collecting outstanding receivables.
Meanwhile, Law.com added that Weil Gotshal restructuring chair Matt Barr and several bankruptcy lawyers are in advanced talks to join Skadden, Arps, Slate, Meagher & Flom, which would remove one of Weil Gotshal’s last high-performing groups. Neither Barr nor Skadden responded to Law.com’s requests for comment.
Barr’s potential move would be the latest in a partner exodus that has helped bring down the once venerated Wall Street firm. According to Law.com, the firm saw nearly 50 partner exits in 2026, with sources estimating at least $500 million in lost business.
See also:
Rivals race to rescue Weil Gotshal lawyers as firm heads toward closure
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