Weil Gotshal & Manges has started holding selected departing equity partners to ten year capital repayment plans, Legal Week has learned.
September 01, 2014 at 07:48 AM
1 minute read
The original version of this story was published on Legalweek
Weil Gotshal & Manges has started holding selected departing equity partners to ten year capital repayment plans, Legal Week has learned.
The move, which industry sources have called unprecedented, is understood to be applied in cases where partners are leaving for competitors, and is not a binding requirement for all senior lawyers exiting the US-headquartered firm.
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