Whether this is the rock that starts the big landslide, I don’t know. But this is definitely not a one-off. Other large firms, maybe even ones just as prestigious as Weil, are likely much more fragile than they appear. Merger/consolidation didn’t work; the remaining options are dire.
Breaking news: 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 firm ft.trib.al/caAKbxw