Weil Gotshal Plans to Dissolve, New York Times Reports
The New York Times reported that Weil Gotshal plans to dissolve, citing an exodus of high profile lawyers, a failed succession plan and a scuttled merger deal.
According to a New York Times report on Weil Gotshal's plans, the law firm plans to dissolve. The outlet's headline describes the firm as once a legal powerhouse. The report is credited to Lauren Hirsch.
The New York Times summary says the firm has been "rocked by an exodus of high profile lawyers." The summary does not identify the departing lawyers or say how many left.
The outlet's summary also cites a failed succession plan and a scuttled deal to merge with a rival firm. According to the New York Times, the summary does not describe what the succession plan involved, why it failed, which firm was the intended merger partner, or when the deal was abandoned.
The New York Times lists these three developments together, as events that have affected the firm. Its summary does not state how they relate to the decision to dissolve.
The summary also does not say whether the dissolution has a set timetable, and it does not describe the firm's clients, offices or staff.
This account is limited to the headline and summary of the New York Times report, and the full text of the article was not available for this story. Any details beyond those two elements are not reported here.
Sources: The New York Times: Weil Gotshal, Once A Legal Powerhouse, Plans to Dissolve.