{
  "id": 19405954,
  "title": "Weil partners green light closure of legal powerhouse after almost a century",
  "url": "https://urgent.news/2026/11/10/weil-partners-green-light-closure-of-legal-powerhouse-after-almost-a",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-10T21:59:37.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/weil-partners-green-light-closure-of-legal-powerhouse-after-almost-a-century/"
  },
  "original_language": "en",
  "account": "The storied law firm Weil, Gotshal and Manges has voted to dissolve itself after almost a century, putting an end to months of speculation about its future. The US-based company announced its closure on Tuesday, as the board informed partners that the firm should be closed on October 28. A committee of three - the firm's general counsel Robert Carangelo, chairman of the tax department Paul Wessel, and independent director Patricia Ferrari - will oversee the dissolution process, according to the New York Times. The decision to wind down Weil has led to the company looking for a merger with another US law firm before coming to this conclusion. The firm was once valued at over $2 billion in annual revenue. However, speculation about its future grew after a series of top partners left the firm, including Michael Hickey and Christopher Machera, who moved to US competitor Paul Weiss. The firm also lost several top London talent, including co-managing partner David Avery-Gee, who joined Sullivan & Cromwell in September. One former Weil partner described the downfall of Weil as \"a Titanic situation\" and said it was \"the worst succession planning in legal history.\"",
  "summary": "Partners at storied law firm Weil, Gotshal and Manges have voted to wind the firm down after almost a century, putting an end to months of speculation over its future. On Tuesday, partners at the US-based company agreed to dissolve the company, formalising its closure after the board told partners the firm should be closed [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}