Weil, Gotshal & Manges Announces Plan to Wind Down Operations

Weil, Gotshal & Manges, a well-known white-shoe law firm, announced on October 29, 2026, that it would wind down its operations. Forbes reported the announcement on that date, describing the firm's fall as 'stunning'. Reuters, which published its report a day earlier, described the firm's decline as 'dizzying'. The dissolution is attributed to a combination of financial and operational challenges, according to Reuters. Forbes did not specify the reasons for the firm's dissolution. The firm's dissolution is expected to affect its employees and clients, as noted by Reuters. Forbes did not mention the impact on employees and clients in its report. The firm's dissolution is considered a major event in the legal industry, signaling a long-term decline in its business. The announcement was made by the firm itself, with both Forbes and Reuters reporting the news, though they differed in the timing and language used to describe the event.