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Feuilleton Weil informations et réactions: "The would-be executive partner of Weil is understood to have informed the executive committee that she would reject the role on 17 August – days before the initial run of rainmaker exits that is perceived to have led Weil to the point of dissolution." Partners in Weil’s Paris office were not involved in discussions about potentially winding down the firm, The Lawyer understands. (The Lawyer) |
Law.com :The downfall of one of Am Law’s largest law firms is leading to a talent frenzy, as the chaos surrounding the pending dissolution of Weil Gotshal & Manges has roughly 2,000 professionals—partners, associates and staff—trying to secure new homes, while recruiters and rival firms seek to scoop up top candidates.
Weil partners and associates are already hearing from interested peer firms, and the talent-seeking is not only coming from recruiters looking to place lawyers, but from those other firms directly, one recruiter said.
Weil Working With Big Law Firms to Place Associates, Trainees Following Plan to Dissolve
The potential rescue deals come after Weil, Gotshal & Manges' management committee recommended the partnership pursue an "orderly wind-down" in a meeting on Wednesday.
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Weil, Gotshal & Manges is in talks with several elite law firms this morning to place its associates and trainees following the news that its management committee recommended a wind-down of the firm's global operations.
Sullivan & Cromwell and Paul, Weiss, Rifkind, Wharton & Garrison are among the firms engaging Weil's junior lawyers and trainees, according to people involved in the situation, while a person at DLA Piper said the firm was "exploring" possibilities. Other market sources have said that Simpson Thacher & Bartlett and Latham & Watkins have also made approaches, as Weil attempts to place as many people as it can in the fallout to the firm's dissolution talks, another source close to the matter indicated.(29/11) (Law.com)
