Overview
- Partners voted overwhelmingly to dissolve the nearly century-old firm with roughly 97% support, placing authority with a three-person dissolution committee that includes Robert Carangelo, Paul Wessel and Patricia Ferrari.
- Weil has engaged restructuring advisers from AlixPartners and Davis Polk and named Barry Wolf as a special consultant to guide an orderly wind-down.
- The immediate operational focus is on paying creditors, chiefly landlords, and collecting outstanding receivables to meet the firm’s obligations.
- A fast 2026 partner exodus removed about 50 partners and an estimated $500 million in client business, sharply eroding Weil’s revenue base despite over $2 billion in prior-year revenue.
- Rival firms are actively recruiting Weil lawyers and practice groups, with Weil’s restructuring chair Matt Barr and several bankruptcy lawyers reported to be in advanced talks with Skadden as talent and client work migrate across the market.