For non-lawyers: This is a HUGE story! Weil is legal royalty.
Founded in 1931. $2.1 billion in revenue last year. One of the most powerful law firms on Wall Street.
Lehman Brothers. General Motors. Enron. Weil handled their bankruptcies.
These are the lawyers you call when your company’s collapse is going to end up in a history book.
Now they reportedly need restructuring counsel themselves.
A wind-down would be a stunning end to a 95-year-old institution.
How does this happen?