For decades, Weil, Gotshal & Manges‘ bankruptcy department was as dominant as the Roman legion. Its legendary partner, Harvey Miller, helped make the practice respectable and profitable. Even as other firms jumped in, Weil Gotshal’s market position seemed unassailable; for example, it handled the Chapter 11 proceedings of Enron Corp. and WorldCom, Inc., simultaneously.

But Weil Gotshal’s once-proud department has suffered important partner losses lately. The most recent came in November, when its co-head, Martin Bienenstock, a lifer with 30 years at the firm, left for Dewey & LeBoeuf. His departure, beyond hurting Weil Gotshal’s status as a dominant player in the field, has revealed a rift within Weil about the future of the bankruptcy practice and how the firm should meet it.

This content has been archived.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 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]