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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 27th, 2026 4:10 PM Author: AZNgirl sucking off Jews for Invite Codes 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 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 sucking off Jews for Invite Codes 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: goynigger ((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 sucking off Jews for Invite Codes 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 sucking off Jews for Invite Codes 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 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 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 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 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) |