The firm will not close any offices, says Robert Lennon, head of business development at Weil, Gotshal & Manges.
June 24, 2013 at 02:23 AM
1 minute read
Weil, Gotshal & Manges “will be deemphasizing” its complex commercial litigation practice in Houston as part of “adjustments” the firm announced today because “the market for premium legal services has entered into a ‘new normal’ after the 2008 financial crisis,” Barry Wolf, the firm’s executive partner, announced in an email sent to lawyers and staff.
The New York City-based firm also plans to lay off about 60 associates and 110 staff and adjust compensation of certain partners, wrote Wolf.
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