Barry Wolf, executive partner with Weil, Gotshal & Manges. Weil Revises Partner Pay Criteria, as Firm Plots Leadership Succession
Barry Wolf has led the firm since 2009 and will hit the firm's mandatory retirement age of 68 within the next four years.
April 17, 2024 at 05:00 AM
6 minute read
Lawyer Compensation - Law Firm
What You Need to Know
- Equity partner pay at Weil now factors in a greater emphasis on developing client relationships, following interviews with partners in 2023.
- Leaders at the firm are also planning to replace executive partner Barry Wolf, who will retire in less than four years.
- Many features of Weil's previous equity partner pay system remain in place, such as the lack of origination credit or bonuses.
After polling partners on how the firm should respond to competitive market dynamics, leaders at Weil, Gotshal & Manges unveiled a revised pay system for equity partners that emphasizes the expansion of client relationships, the firm's executive partner confirmed in an interview Tuesday.
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