Barry Wolf

We’ve all been so transfixed by the Patton Boggs meltdown that we’ve temporarily lost track of some other law firms that are facing challenges right now. The most prestigious name on the list: Weil Gotshal & Manges.

After last summer’s layoffs and partner pay cuts, WGM experienced a rash of partner defections. Some of these were true losses for the firm, but others were chalked up to Weil’s strategy of becoming leaner, more capital-markets-centric, and ultimately more profitable.

Has this revamping of the firm manifested itself in the form of higher partner profits? Not yet. In fact, in 2013, revenues and profits at Weil fell….

double red triangle arrows Continue reading “As The Weil Turns, Revenue And Profit Tumble”

Things have quieted down a bit on the Weil Gotshal front. About a week has passed since our last report on Biglaw’s biggest source of drama.

Today we have some news to share about WGM — information gleaned from partner departure memos out of Dallas, the site of the biggest defections, and a real estate report from New York, the King’s Landing of Weil Gotshal….

double red triangle arrows Continue reading “As The Weil Turns: Insights From Partner Departure Memos”

If the Houston office of Weil Gotshal & Manges ends up shutting down in the wake of the recent partner defections, management in New York might not shed a tear. In fact, it might have been part of their master plan.

As one Weil source told us, the Houston litigation defections were “not a surprise,” since the June layoffs “took away all but one assistant and all of the associates. The associates that were allowed to stay were switched to contract positions and have since left. Basically, it was an elimination by New York of the Houston group from the bottom up.”

Dallas, however, is a different story. It’s more of a standalone office, with a more diversified mix of practices, and it makes a bigger contribution to the firm’s bottom line.

But the latest partner departures do raise serious questions about its future. Which Dallas partners just left, and where are they going?

double red triangle arrows Continue reading “Weil Weil West: Dallas Departures Deepen”


Last Friday, we broke the news of four partners in Houston leaving the powerhouse firm of Weil Gotshal & Manges. This news came just a week after eight partners in Dallas announced their move to Sidley Austin.

In today’s episode of “As The Weil Turns,” we’ll reveal the identities of the Houston defectors, then explore the possible reasons for their leaving Weil….

(Please note the multiple UPDATES at the end of this story.)

double red triangle arrows Continue reading “As The Weil Turns: Houston, We Have A Problem”

It seems that Weil Gotshal & Manges enjoys the title we recently bestowed upon it: “the reigning drama queen of Biglaw.” The juicy news and novel plot twists just keep on coming.

For those of you just tuning into “As The Weil Turns,” here’s a quick recap. Last week, eight prominent partners left Weil’s Dallas office for Sidley Austin. There was lots of speculation for what motivated the move. The Boston office of Weil instituted an unusual policy for raising attorney morale. Weil in Houston lost another partner to a rival.

Today brings more news: fresh partner departures from Houston, additional drama out of Dallas….

double red triangle arrows Continue reading “As The Weil Turns: More Texas Turmoil”

“Who shot J.R.?” That was the question that everyone (hi Mom!) was dying to know on the wildly popular prime-time soap opera of Dallas.

“Who drove out Yvette Ostolaza?” That’s the question everyone is dying to know on the wildly popular prime-time soap opera of Weil Gotshal.

Okay, “drove out” is probably not the right phrasing here, for reasons we’ll explain below. But there’s no denying that people are keenly interested in the drama surrounding the departure of eight Weil partners to Sidley Austin in Dallas.

Let’s take a closer look at the situation, shall we?

double red triangle arrows Continue reading “The Weil Gotshal Dallas Departures: A Deeper Dive”

Ed. note: This is a new series from Bruce MacEwen and Janet Stanton of Adam Smith Esq. and JDMatch. “Across the Desk” will take a thoughtful look at recruiting, career paths, professional development, human capital, and related issues. Some of these pieces have previously appeared, in slightly different form, on AdamSmithEsq.com.

Adam Smith, Esq. isn’t in the business of covering — or typically even commenting on — late-breaking news, but there’s news and then there’s news.

And the Weil layoffs were reported above the fold on the front page of the Wall Street Journal and as the lead story for much of the day in The New York Times‘ estimable “DealBook.”

To the affected associates and staff: Nothing comforting or reassuring can be said — this is dreadful, awful, horrible, bad bad news for you — but if you can gain perspective after awhile, remember that in America it’s no sin to be knocked down; the sin is not getting right back up.

double red triangle arrows Continue reading “From Across the Desk: The Weil Layoffs”

One of the more amusing law firm nicknames belongs to Weil Gotshal & Manges. As we noted a few years ago, some refer to the firm as “We’ll Getcha & Mangle Ya.”

Alas, the nickname is less funny in the wake of yesterday’s big layoff news. The firm announced it will be cutting 60 associates and 110 staffers from the payroll. Despite the generous six-month severance for associates, some probably feel like their legal careers have been mangled. The firm also plans to reduce the compensation of about 10 percent of its partners (roughly 30 out of 300, some income and some equity partners).

Let’s take a closer look at the layoffs and try to make sense of them….

double red triangle arrows Continue reading “The Weil Winnowing: A Closer Look At The Layoffs”

Since the Supreme Court’s ruling in Fisher, the major affirmative action case, turned out to be something of a dud, the big legal story of the day is the news out of Weil Gotshal. The firm is conducting large layoffs of both attorneys and staff, as well as reducing partner pay.

Thus far, many of our recent layoff stories have involved staff layoffs, especially secretarial layoffs; relatively small numbers of affected individuals; and firms not in the tippy-top tier of Biglaw. So that’s what makes the Weil news so notable — and so frightening.

Weil is an elite firm, in both profits and prestige. The cuts it just announced affect lawyers, not just staff, and reach into the triple digits….

double red triangle arrows Continue reading “Nationwide Layoff Watch: Major Cuts Come To Weil Gotshal”

As both trial lawyers and journalists well know, there are (easily more than) two sides to every story. The same underlying events can give rise to completely different narratives, depending on whom you talk to.

Is a mother who takes her own life and almost takes that of her child deserving of condemnation or sympathy? Are two law students accused of killing a bird a pair of “sick individuals,” or two basically good guys who just had a bad night?

Yesterday we wrote about Weil Gotshal’s reaction to losing two litigation partners to Quinn Emanuel in D.C. Since our story was published, we’ve heard from multiple sources who vigorously dispute our prior tipsters’ version of events….

double red triangle arrows Continue reading “Mean Weil? There’s Another Side To This Story….”

Page 1 of 212