Weil, Gotshal & Manges approves liquidation plan, begins wind-down

Key Takeaways

• The firm’s partnership voted (around November 10–13, 2026) to commence an orderly wind‑down, installing a three‑member wind‑down committee after months of partner departures and failed succession and merger plans (investing.com).
• Co‑chief restructuring officers named are James Mesterharm of AlixPartners and Ben Schrag of C Street Advisory Group; the firm continues to work with Davis Polk & Wardwell for legal and restructuring advice (news.bloombergtax.com).
• Remaining equity partners were told they’d be considered withdrawn by year‑end and could resign without forfeiting profit distributions, accelerating departures; meanwhile other Big Law firms are actively recruiting Weil talent (news.bloomberglaw.com).