{"id":166530,"date":"2026-10-30T15:27:06","date_gmt":"2026-10-30T23:27:06","guid":{"rendered":"https:\/\/xira.com\/p\/2026\/10\/30\/weils-collapse-is-biglaws-halloween-nightmare\/"},"modified":"2026-10-30T15:27:06","modified_gmt":"2026-10-30T23:27:06","slug":"weils-collapse-is-biglaws-halloween-nightmare","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2026\/10\/30\/weils-collapse-is-biglaws-halloween-nightmare\/","title":{"rendered":"Weil\u2019s Collapse Is Biglaw\u2019s Halloween Nightmare"},"content":{"rendered":"

Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

There\u2019s just not \u2060much holding those organizations together.<\/strong><\/p>\n

\u2014 Janet Stanton, a legal consultant, speaking to Reuters<\/a> about why even profitable law firms can unravel quickly. Weil brought in $2.1 billion in revenue last year and had average profits per partner of $5.6 million, but a wave of partner departures accelerated after corporate practice chief Michael Aiello announced plans to join Cravath<\/a> with five other partners. Yale Law professor John Morley, who studied 37 law firm failures, said Weil\u2019s collapse followed a familiar script, from a key rainmaker leaving to merger talks failing<\/a>. Stanton pointed to another problem: lawyers\u2019 tendency to be \u201cinsecure overachievers,\u201d quick to react to bad news by leaving instead of trying to fix things.<\/em><\/strong><\/p>\n

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Staci Zaretsky<\/a> is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on Bluesky<\/a>, X\/Twitter<\/a>, and Threads<\/a>, or connect with her on LinkedIn<\/a>.<\/em><\/strong><\/p>\n

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The post Weil\u2019s Collapse Is Biglaw\u2019s Halloween Nightmare<\/a> appeared first on Above the Law<\/a>.<\/p>\n

\"\"<\/figure>\n

Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

There\u2019s just not \u2060much holding those organizations together.<\/strong><\/p>\n

\u2014 Janet Stanton, a legal consultant, speaking to Reuters<\/a> about why even profitable law firms can unravel quickly. Weil brought in $2.1 billion in revenue last year and had average profits per partner of $5.6 million, but a wave of partner departures accelerated after corporate practice chief Michael Aiello announced plans to join Cravath<\/a> with five other partners. Yale Law professor John Morley, who studied 37 law firm failures, said Weil\u2019s collapse followed a familiar script, from a key rainmaker leaving to . Stanton pointed to another problem: lawyers\u2019 tendency to be \u201cinsecure overachievers,\u201d quick to react to bad news by leaving instead of trying to fix things.<\/em><\/strong><\/p>\n

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\"\"
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a> is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on Bluesky<\/a>, X\/Twitter<\/a>, and Threads<\/a>, or connect with her on LinkedIn<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ed. note: Welcome to our daily feature,\u00a0Quote of the Day. There\u2019s just not \u2060much holding those organizations together. \u2014 Janet Stanton, a legal consultant, speaking to Reuters about why even profitable law firms can unravel quickly. Weil brought in $2.1 billion in revenue last year and had average profits per partner of $5.6 million, but […]<\/p>\n","protected":false},"author":3,"featured_media":166531,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-166530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/166530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=166530"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/166530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/166531"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=166530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=166530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=166530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}