Business · Companies · 14 hrs ago

Weil hires restructuring advisers after merger talks fail and partners leave

Weil hires restructuring advisers after merger talks fail and partners leave

Weil, Gotshal & Manges has hired advisers from Davis Polk as the law firm faces uncertainty.

The move follows failed merger talks with Willkie Farr & Gallagher.

Several senior Weil partners have also joined rival firms, including Cravath, Simpson Thacher, Paul Weiss and Sullivan & Cromwell.

The advisers include restructuring partner Brian Resnick and Davis Polk managing partner Neil Barr, who has experience advising on law firm mergers.

Losing senior lawyers can threaten a firm’s client relationships and its ability to win work.

Weil is weighing its options, which could include a merger or other changes.

The firm has not announced a final plan and has not said it will close.

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