Weil, Gotshal & Manges leadership reportedly recommends winding down law firm

Weil, Gotshal & Manges told partners on Oct. 28 that its management committee recommended an orderly wind-down, the Financial Times reports. Partners were expected to vote in the coming days, so the recommendation was not a final decision. The Financial Times reported that top partners had left and merger talks had collapsed before the proposal. Weil said it intended to keep serving clients during the process.