Weil Gotshal & Manges' lucrative role on the Lehman Brothers bankruptcy has been cited as a potential contributing factor to the news this week that the firm is embarking on a major round of layoffs set to affect as many as 170 lawyers and support staff. From Lehman's fall in 2008 to its emergence from Chapter 11 protection in March last year, Weil racked up more than $400m (£260m) in fees advising on the collapse – the largest bankruptcy in history.
June 27, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Weil Gotshal & Manges’ lucrative role on the Lehman Brothers bankruptcy has been cited as a potential contributing factor to the news this week that the firm is embarking on a major round of layoffs set to affect as many as 170 lawyers and support staff.
From Lehman’s fall in 2008 to its emergence from Chapter 11 protection in March last year, Weil racked up more than $400m (£260m) in fees advising on the collapse – the largest bankruptcy in history.
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