Weil Gotshal’s Legal Ship Takes on Water as Star Lawyers Jump Overboard and Merger Plans Sink
Weil Gotshal is battling an exodus of its top attorneys, a botched succession plan, and a merger that sank faster than a leaky barge, prompting the firm to consider unconventional fixes.
Life Magazine Resurrects in Print, Aiming to Outlive the Digital Age
Life Magazine announced it will return as a quarterly print edition next month, despite a…
In a drama that feels part corporate thriller and part sitcom, the firm’s most high-profile lawyers have been poached, retired, or simply disappeared, leaving a vacancy roster longer than a courtroom docket. The succession plan, which was supposed to be the firm’s safety net, unraveled faster than a badly stitched brief, exposing a leadership vacuum that even the intern’s coffee-making skills can’t fill.
To make matters worse, a merger with a rival firm that was touted as the legal world’s version of a blockbuster blockbuster fizzled out. The deal was scuttled with the same enthusiasm a lawyer shows when rejecting a subpoena.
For now, the firm’s lobby is being redecorated with motivational posters that read “When the going gets tough, the tough get a new partner” – a hopeful mantra as the legal ship tries to stay afloat amid a sea of departures.
Life Magazine Resurrects in Print, Aiming to Outlive the Digital Age
Life Magazine announced it will return as a quarterly print edition next month, despite a tough business climate for legacy publications.