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Law firm Weil hires restructuring counsel amid mounting partner exits
Reuters • • business
Key Points:
- US law firm Weil Gotshal & Manges has engaged Davis Polk & Wardwell lawyers, including restructuring partner Brian Resnick, to explore strategic options amid rising partner departures and failed merger talks.
- Weil has experienced significant partner exits since summer, with key M&A partners leaving for rival firms like Cravath, Swaine & Moore, Simpson Thacher & Bartlett, Paul Weiss, and Sullivan & Cromwell.
- Merger discussions between Weil and Willkie Farr & Gallagher collapsed as departures accelerated, prompting Weil to consider options including a potential wind-down.
- The talent war among law firms, driven by lucrative private equity, litigation, and deal work, has intensified competition for top partners, affecting even prestigious firms like Weil.
- Davis Polk managing partner Neil Barr, known for advising major law firm mergers, is assisting Weil, leveraging experience from recent billion-dollar law firm mergers.
