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Weil Gotshal is going bankrupt
Poast new message in this thread
Date: October 27th, 2026 4:05 PM Author: a New York Times analysis of Reddit posts And so it begins (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206764) |
Date: October 27th, 2026 4:08 PM Author: CapTTTainFalcon aren't they the best at bankruptcy?
why don't they just do their own bankruptcy? |
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Date: October 27th, 2026 4:10 PM Author: Goy Debord It would be a real cash cow-- could save them from bankruptcy (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206778) |
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Date: October 27th, 2026 4:10 PM Author: Historical American (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206780) |
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Date: October 27th, 2026 4:20 PM Author: Nazca Redlines (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206808) |
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Date: October 27th, 2026 4:51 PM Author: a New York Times analysis of Reddit posts (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206907) |
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Date: October 28th, 2026 7:42 AM Author: Carl Jung (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208872) |
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Date: October 28th, 2026 7:52 AM Author: Manually Patching Allaire (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208895) |
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Date: October 27th, 2026 4:10 PM Author: AZNgirl giving AZNman fake Invite Code XO has lasted longer than many of these "prestigious" lol firms (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206779) |
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Date: October 27th, 2026 6:41 PM Author: Roblox d/b/a Cohen Benefits LLC (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207174) |
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Date: October 27th, 2026 4:11 PM Author: titus chicken Many of their bankruptcy attorneys are likely to leave next in order to get a piece of this lucrative bankruptcy work as this firm collapses. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206782) |
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Date: October 27th, 2026 4:17 PM Author: richard clock (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206798) |
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Date: October 27th, 2026 4:54 PM Author: יהוה is law firm bankruptcy work lucrative? what kind of creditors does a biglaw firm have -- their lease to the building? (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206917) |
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Date: October 27th, 2026 5:30 PM Author: propecia mathematica (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207046) |
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Date: October 27th, 2026 4:24 PM Author: Nazca Redlines LJL at the absurdity of this. They have 1,200 lawyers making them $2B in revenue. They only have 179 real partners and PP(E)P of $5.6M. How do you screw that up?
It's like having a money printing machine and mismanaging it so bad that you can't pay your bills. |
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Date: October 27th, 2026 4:45 PM Author: AZNgirl giving AZNman fake Invite Code it said their revenue growth was flat while AMLAW was 13% growth on avg, once a few top partners leave it furks up the economics. they cant recruit new partners and offer them 20m whatever without furking up other partners pay, i guess its sorta a ponzi scheme or some shit almost, it sounds almost jewish (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206882) |
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Date: October 27th, 2026 4:48 PM Author: the goyim are waking the fuck up ((zurich is stained)) the biglaw model is fucking ridiculous. it totally is a pyramid scheme and a handful of huge rainmakers leaving can cause a collapse. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206891) |
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Date: October 27th, 2026 4:55 PM Author: Nazca Redlines It's their own fault for (a) (presumably) guaranteeing big payments for partners and (b) not being able to slide and let do to weather the storm on "flat" growth. Even if they lost 25% of their revenue, their revenue per lawyer would still top $1M.
LJL again on any business model that requires 13% growth and guaranteed 8-figure salaries to avoid bankruptcy. |
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Date: October 27th, 2026 5:02 PM Author: AZNgirl giving AZNman fake Invite Code well the problem was prob that other firms offered rainmarkers even moar gauranteed money, so if everyone is doing it then u have to do it too
even cravath is doing lateral partner hiring which they never did in like 100 year history except like once. or maybe that was watchell... whatever |
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Date: October 27th, 2026 5:05 PM Author: Nazca Redlines Kinda sad that Cravath is doing it. They used to be "above" that sort of thing.
These huge guarantees are like gambling. Would probably be better to just operate as a chill, fratty $3M PPP firm than over-leverage your way to $6M PPP and an inevitable collapse. |
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Date: October 27th, 2026 5:10 PM Author: AZNgirl giving AZNman fake Invite Code lolyers are human scum and BIGLOL is fraud protected cause state bars dont let in new tech or competition, theres no reason lots of these jerbs cldnt ahve been done by jeets in india years ago (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206969) |
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Date: October 27th, 2026 5:33 PM Author: Historical American Downturns always cull the weak (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207056) |
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Date: October 28th, 2026 7:47 AM Author: the walter white of this generation (walt jr.) Not if you're the mean partner in this hypo.
Who gives a fuck in the world if "weil gotschal" folds or downsizes or gets shot into the sun or whatever. |
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Date: October 27th, 2026 5:32 PM Author: Historical American This is how all businesses fail
Debt, leverage, greed, and a period of slowdown. Wealth transfer to the top just like Jamie Dimon buying failed banks. Those with liquidity, stability, and patience always weather the storm. |
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Date: October 27th, 2026 6:04 PM Author: Richard Ames It's really it. After working long enough, I've come to the conclusion that there are two kinds of successful businesspeople:
1.) Those that build durable companies through the lens of "what is best for the customer and other key stakeholders" - this requires great patience and discipline, but can lead to the best returns in the long run
2.) Those that figure out how to most efficiently transfer cash from source A to source B while pocketing as much as they can for themselves. The businesses run by these types may look successful, but are mainly just wealth transfer vehicles that get exposed when a downturn hits.
Our economy is chock full of #2. Not good! |
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Date: October 27th, 2026 6:23 PM Author: Historical American #2 always goes tits up in the long run.
Think about all the major banks that got bought by Chase over the years. How many of them got into a mess while thinking, ooh, money printer go brrr, this will never end. There was a point in time when they thought it was impossible that the party could ever stop. But the party always stops and the antifragile win. |
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Date: October 27th, 2026 4:55 PM Author: titus chicken Service partners are always vulnerable and hopefully save and invest their money well. 75% of the people at these firms truly rely on a half dozen or so rainmakers. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206918) |
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Date: October 27th, 2026 4:58 PM Author: Nazca Redlines For sure service partners should have been saving up for the inevitable.
But, saying it's only half a dozen rain makers is overstating it. This firm has (or had!) 1,200 lawyers. IIRC from my biglaw days, at my firm, no one client was responsible for more than a few percent of revenue and there were over 100 different clients that provided more than $5M in revenue or something. |
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Date: October 28th, 2026 6:56 AM Author: the goyim are waking the fuck up ((zurich is stained)) service partners/of counsel everywhere should plow $3-4 million into index funds or whatever. i worked with a guy who was in his early 70s making a million a year (not a service partner, he had a decent book) and would confide in other partners that he couldn't share credit with younger partners bc he couldn't afford for his comp to go down. he remodeled his kitchen once and had to take a 401(k) loan. most lawyers are sps with money. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208828) |
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Date: October 27th, 2026 5:22 PM Author: Richard Ames (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207001) |
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Date: October 28th, 2026 7:44 AM Author: Carl Jung Great analogy. Really elucidating. I like the part about the "money printing machine" most. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208874) |
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Date: October 27th, 2026 4:52 PM Author: ...:........;;.........,;:..........:.;....:::.... They are in race against time to dissolve before associate bonuses would be paid (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206910) |
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Date: October 27th, 2026 5:01 PM Author: Nazca Redlines Where to sign up as counsel for the class of unsecured associate debtors? (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206940) |
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Date: October 27th, 2026 5:32 PM Author: a New York Times analysis of Reddit posts A creditors committee comprised entirely of aggrieved associates (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207052) |
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Date: October 27th, 2026 6:15 PM Author: White Privilege Log tp (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207128) |
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Date: October 27th, 2026 6:22 PM Author: Manually Patching Allaire (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207132) |
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Date: October 27th, 2026 7:47 PM Author: potluck (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207377) |
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Date: October 27th, 2026 7:23 PM Author: Nazca Redlines (Weill practice group chair on last helicopter out of Saigon, yelling back to stub first year associate who just got his bar results that it really was a great Firm) (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207292) |
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Date: October 28th, 2026 7:07 AM Author: AZNgirl giving AZNman fake Invite Code FT reports its almost OVER, they have hired David Polk to consult on BK ljl they cant even hire their OWN lolyers or i guess thats a conflict but still how gay
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Law firm Weil prepares for possible wind-down as crisis deepens Big Law powerhouse working with Davis Polk on options that also include last-minute merger or slimmed-down entity
Weil has recently lost a group of senior private equity lawyers and the partner chosen to lead the firm has decided not to take the top job © Pascal Perich/FT Law firm Weil prepares for possible wind-down as crisis deepens on x (opens in a new window) Law firm Weil prepares for possible wind-down as crisis deepens on facebook (opens in a new window) Law firm Weil prepares for possible wind-down as crisis deepens on linkedin (opens in a new window)
Save current progress 0% Sujeet Indap, Oliver Barnes, Amelia Pollard and Kaye Wiggins in New York
PublishedYESTERDAY
Updated01:06
180 Print this page Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Law firm Weil, Gotshal & Manges has tapped restructuring specialists to assess options including a possible wind-down, as the crisis deepens at one of America’s largest and most prestigious law firms.
Weil is working with Brian Resnick, one of Davis Polk’s top bankruptcy lawyers, to advise on a potential restructuring, according to people familiar with the matter.
Davis Polk had previously advised Weil on a possible merger with a rival firm, but those talks collapsed, forcing it to consider other options. Beyond an unwinding, other options for the firm include a last-minute merger, or a slimmed-down standalone entity.
Davis Polk has worked on some of the highest-profile restructuring proceedings in the recent history of corporate America including AIG, Purdue Pharma and Spirit Airlines.
Weil is also interviewing several financial consultancies for a role to analyse its books and determine a course of action, the people added. Weil’s obligations include pensions and office leases around the world.
The move marks a rapid change of fortune for a firm that, just this summer, was ranked as one of the US’s top 30 law firms by revenue, which topped $2bn last year.
The Wall Street powerhouse was rated the 15th most prestigious law firm and was separately named by The American Lawyer in August as “A-List”, based on factors including revenue per lawyer, pro bono commitment and the satisfaction of its associates.
Ramona Nee, the partner chosen to lead Weil from January, has told the firm’s management committee that she will no longer take the job, the FT has previously reported. Nee informed her colleagues of the decision in September.
Weil and Davis Polk did not immediately respond to requests for comment.
Weil, which employs about 1,200 lawyers globally and a further 1,000 staff, has been engulfed by a crisis in recent months following the departure of several top lawyers.
Chris Machera, who co-led Weil’s private equity practice, announced his departure in August, with other partners later joining him in a move to Paul Weiss.
In September Michael Aiello, Weil’s best-known US corporate M&A lawyer, announced he was leaving for Cravath with a group of colleagues. The same month David Avery-Gee, co-head of its London office, announced his departure for Sullivan & Cromwell.
The run of departures by some of the most important generators of revenue at Weil hit its business model and unsettled other lawyers, many of whom have since been in touch with other law firms as they try to assess contingency plans.
The crisis highlights how even the largest and longest-established law firms can be thrown into turmoil by an exodus of top talent.
Shutdowns among large US law firms are unusual. Stroock & Stroock & Lavan shut its doors in 2023. Dewey LeBoeuf filed for bankruptcy in 2012. Cadwalader, Wickersham & Taft and Shearman & Sterling, both in recent years suffered a series of departures that led to mergers with rivals, though they are significantly smaller than Weil.
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Date: October 28th, 2026 7:24 AM Author: the goyim are waking the fuck up ((zurich is stained)) they are smart not to use their own lawyers not only for "conflict" reasons, but most or all of the team they would put together to do this is probably going to be gone in the next month or two.
it's really insane how all these firms founded in the early 1900s/20s or whatever have failed in the last 15-20 years. |
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Date: October 28th, 2026 7:44 AM Author: AZNgirl giving AZNman fake Invite Code law is the biggest fraud industry completely protected by the bar assocation mafias, if not for that 99% of biglol firms wld have gone bust a long time ago and goldman sachs etc wld own the top lolfirms and 90% of their lolyers wld be jeets in banagalore (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208873) |
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Date: October 28th, 2026 7:50 AM Author: the walter white of this generation (walt jr.) Yup. Ppl say public sector is the last remaining Union stranglehold but they ignore regulated-profession cartels. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208890) |
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Date: October 28th, 2026 7:42 AM Author: הדרך היחידה לגן עדן היא מחקר משפטי ( ) It really doesn't matter, the same amount of law fag work exists independent of law firm politics. A lot of the Weil restructuring practice will either spin off to its own firm/join another firm and some of them will just scatter to existing practices. So the same fags will be doing the same work with different letterhead. The last thing we should be nostalgic for is fucking law firm letterhead lmao. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208869) |
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Date: October 28th, 2026 7:53 AM Author: Manually Patching Allaire (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208899) |
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Date: October 28th, 2026 7:47 AM Author: cowgod https://www.reddit.com/r/biglaw/comments/1xhd3hq/comment/19rrixgpnvo3k/?screen_view_count=1 (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208879) |
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Date: October 28th, 2026 7:49 AM Author: AZNgirl giving AZNman fake Invite Code send them some free invites to make them feel better (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208886) |
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Date: October 28th, 2026 7:50 AM Author: M.I Gay Why is reddit just people begging for special treatment constantly (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208891) |