Weil, Gotshal & Manges said Thursday that private equity partner Barry Wolf had been elected to the position of executive partner. Wolf, 50, will take over the role on Jan. 1 from Stephen Dannhauser, who will remain chairman and a member of the management committee. Wolf will focus on managing the firm and directing its strategy, while Dannhauser, 59, will work on developing and growing client relationships.

Dannhauser, who became executive partner 20 years ago and was later elected chairman, said he has no plans for retirement. The appointment of Wolf to executive partner is part of the firm’s overall succession plan. Dannhauser said the move would free him to focus more on client development. Consolidation in the financial sector has caused increased competition for work, Dannhauser said, adding, “Everybody agrees this should be my prime focus.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]