Authored by Bill Pan via The Epoch Times,
Weil, Gotshal & Manges is poised to close after a wave of senior partner departures and failed merger talks, bringing a potential end to a Wall Street law firm known for handling some of America's highest-profile bankruptcies.
"Following a careful review of strategic alternatives, the firm's management committee has recommended to the partnership that the firm pursue an orderly wind-down," a Weil spokesperson said in a statement to the Epoch Times on Thursday.
"During the wind-down process over the coming months, the firm will continue serving clients with the dedication and excellence that have defined it since its founding and will remain committed to supporting its colleagues."
Partners are expected to vote on the recommendation in the coming days, the spokesperson said.
A shutdown would represent a striking reversal for the 95-year-old firm.
Weil represented Enron in its 2001 bankruptcy, the largest in U.S. history at the time.
It served as chief debtors' counsel in Lehman's 2008 bankruptcy, which remains the largest Chapter 11 filing in U.S. history, involving approximately $630 billion in assets.
The following year, Weil helped steer General Motors through a government-backed restructuring and sale of the automaker's viable assets.
As of 2025, Weil ranked 29th in The American Lawyer's revenue rankings with approximately $2.1 bil
