Earlier today, the advice for Weil Gotshal & Manges lawyers was blunt: look out for number one and enter the lateral market post haste. Turns out at least one Weil practice group leader agrees.
According to Bloomberg Law, Alex Lynch, the head of Weil’s capital markets group, told his associates in a group meeting Tuesday to “look for employment elsewhere” as the firm’s future is currently a giant question mark. For now, the associates still have jobs and will keep billing, billing, billing. But Lynch didn’t give them any timeline for how long that will last.
Makes you wonder exactly what Lynch knows… The Lawyer is reporting a “crunch” meeting for the partnership is scheduled for today, and speculation is high that dissolution is on the agenda.
This was Tuesday. That’s the same day the Financial Times reported that Weil had brought in Davis Polk bankruptcy lawyer Brian Resnick, with a wind-down among the options being discussed.
When the person in charge of your practice group stops telling you everything’s fine and starts telling you to job hunt, believe him. Weil associates have been watching the partners frantically send résumés for days. Now they’ve officially been told to do the same.
Earlier: Weil Gotshal Is Now Discussing A Possible Wind-Down
Weil Partners Are ‘Frantically Sending Résumés’ As Leadership Weighs Its Options
Weil’s Successor Walked Away, And Now The Firm Has A ‘Run On The Bank’ Problem
Weil’s Incoming Leader Won’t Take The Job, And Might Take One At Simpson Thacher Instead
Weil’s Merger With Willkie Is Dead, But Its Partner Exodus Is Very Much Alive
Weil Gotshal Is Reportedly Negotiating A Merger, About A Month After Saying It Wasn’t In Merger Talks
Cravath And Weil Are Just Trading Partners At This Point
Weil’s Revolving Door Now Spins In Both Directions
Weil Seeks To Strengthen Its ‘Platform’ As Merger Rumors Swirl
Weil Is Relieved To Lose Its Biggest Rainmaker. Cravath Is Thrilled To Get His ‘Values.’
The Cravath Shade Wasn’t A One-Off: Weil Insiders Line Up To Say Good Riddance
Weil’s Corporate Chair Decamps For Cravath, Which Weil Would Like You To Know Is ‘A Smaller Platform’
Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Bluesky @Kathryn1
The post Weil Practice Head Tells His Associates To Start Looking For Work Elsewhere appeared first on Above the Law.
Earlier today, the advice for Weil Gotshal & Manges lawyers was blunt: look out for number one and enter the lateral market post haste. Turns out at least one Weil practice group leader agrees.
According to Bloomberg Law, Alex Lynch, the head of Weil’s capital markets group, told his associates in a group meeting Tuesday to “look for employment elsewhere” as the firm’s future is currently a giant question mark. For now, the associates still have jobs and will keep billing, billing, billing. But Lynch didn’t give them any timeline for how long that will last.
Makes you wonder exactly what Lynch knows… The Lawyer is reporting a “crunch” meeting for the partnership is scheduled for today, and speculation is high that dissolution is on the agenda.
This was Tuesday. That’s the same day the Financial Times reported that Weil had brought in Davis Polk bankruptcy lawyer Brian Resnick, with a wind-down among the options being discussed.
When the person in charge of your practice group stops telling you everything’s fine and starts telling you to job hunt, believe him. Weil associates have been watching the partners frantically send résumés for days. Now they’ve officially been told to do the same.
Earlier: Weil Gotshal Is Now Discussing A Possible Wind-Down
Weil Partners Are ‘Frantically Sending Résumés’ As Leadership Weighs Its Options
Weil’s Successor Walked Away, And Now The Firm Has A ‘Run On The Bank’ Problem
Weil’s Incoming Leader Won’t Take The Job, And Might Take One At Simpson Thacher Instead
Weil’s Merger With Willkie Is Dead, But Its Partner Exodus Is Very Much Alive
Weil Gotshal Is Reportedly Negotiating A Merger, About A Month After Saying It Wasn’t In Merger Talks
Cravath And Weil Are Just Trading Partners At This Point
Weil’s Revolving Door Now Spins In Both Directions
Weil Seeks To Strengthen Its ‘Platform’ As Merger Rumors Swirl
Weil Is Relieved To Lose Its Biggest Rainmaker. Cravath Is Thrilled To Get His ‘Values.’
The Cravath Shade Wasn’t A One-Off: Weil Insiders Line Up To Say Good Riddance
Weil’s Corporate Chair Decamps For Cravath, Which Weil Would Like You To Know Is ‘A Smaller Platform’
Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Bluesky @Kathryn1
