WeilGotshal&Manges News & Analysis

Weil Gotshal & Manges Law Firm to Wind Down After $2B 2025 Revenue

Weil Gotshal & Manges, a long-established Wall Street law firm, announced plans to wind down its operations following a recommendation by its management committee. This decision comes after numerous partners left and the recent end of merger talks with Willkie Farr & Gallagher. The firm, which has about 1,200 lawyers, generated over $2 billion in revenue in 2025 from its multinational operations. The firm stated it has advised clients for more than 90 years and will continue serving clients with dedication throughout the wind-down process. Partners are expected to vote on this recommendation in the coming days. Weil Gotshal & Manges had played key roles in major bankruptcy cases including Lehman Brothers, General Motors, and Enron. This development impacts the legal services market by removing a major player with significant global revenue. For partners and clients, the upcoming vote and the firm's planned orderly wind-down will determine the transition timing and how ongoing matters are managed.