Weil Gotshal's leadership told partners on October 28, 2026 that it plans to dissolve the firm. Founded in 1931 and known for the Lehman Brothers, General Motors and Enron bankruptcies, Weil brought in more than $2 billion last year but grew revenue and profit only 3 to 4 percent while top-100 firms grew about 14 percent. Large partner defections began in August, dealmaker Michael Aiello stepped down in September, and merger talks dissolved. Reporting since has established that the firm is winding down rather than filing bankruptcy, is working with a restructuring firm to allocate partner equity stakes, carries no debt and ranks as the 15th most profitable firm in the United States. The discussion is whether Weil is a…