Weil Gotshal loses nine partners
Only three months after announcing a massive layoff, Weil Gotshal & Manges is seeing the voluntary departure of nine of its partnersall from its Dallas office.
September 18, 2013 at 04:48 AM
12 minute read
The original version of this story was published on Law.com
Only three months after announcing a massive layoff, Weil Gotshal & Manges is seeing the voluntary departure of nine of its partners—all from its Dallas office.
Seven partners, plus two former Weil national practice co-chairs, are jumping ship. Eight of the partners are heading to Sidley Austin. Yvette Ostolaza, Penny Reid, Vance Beagles, Angela Zambrano, Yolanda Cornejo Garcia and Michelle Hartmann will be working in Sidley's commercial litigation group. Two other Weil partners—Angela Fontana and Kelly M. Dybala—will be joining Sidley's private equity practice.
“We've been thinking seriously about expanding our Dallas office,” Sidley chairman Carter Phillips told the Wall Street Journal Law Blog yesterday. “But if this group had shown up at any of our offices we would have been equally enthusiastic.”
Michael Saslow, the ninth Weil partner, is heading over to the Dallas office of Vinson & Elkins.
In June, the 1,200-lawyer New York-based Weil announced it would cut 60 associate lawyers (about 7 percent of all associates) and 110 staff employees. In addition, about 10 percent of the firm's 300 partners saw serious reductions in their compensation, with some partners losing hundreds of thousands of dollars.
Phillips told the Law Blog that none of the partners that are leaving for Sidley had been targeted as part of those cuts. “I do think it probably raised some concerns on their part about Weil's commitment to practices outside of New York,” he added.
See more recent InsideCounsel news about law firms:
Only three months after announcing a massive layoff,
Seven partners, plus two former Weil national practice co-chairs, are jumping ship. Eight of the partners are heading to
“We've been thinking seriously about expanding our Dallas office,” Sidley chairman Carter Phillips told the Wall Street Journal Law Blog yesterday. “But if this group had shown up at any of our offices we would have been equally enthusiastic.”
Michael Saslow, the ninth Weil partner, is heading over to the Dallas office of
In June, the 1,200-lawyer New York-based Weil announced it would cut 60 associate lawyers (about 7 percent of all associates) and 110 staff employees. In addition, about 10 percent of the firm's 300 partners saw serious reductions in their compensation, with some partners losing hundreds of thousands of dollars.
Phillips told the Law Blog that none of the partners that are leaving for Sidley had been targeted as part of those cuts. “I do think it probably raised some concerns on their part about Weil's commitment to practices outside of
See more recent InsideCounsel news about law firms:
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllGC Conference Takeaways: Picking AI Vendors 'a Bit of a Crap Shoot,' Beware of Internal Investigation 'Scope Creep'
8 minute readWhy ACLU's New Legal Director Says It's a 'Good Time to Take the Reins'
'Utterly Bewildering': GCs Struggle to Grasp Scattershot Nature of Law Firm Rate Hikes
Trending Stories
- 1Kirkland Hires Real Estate Finance Partners in New York
- 2Delaware Governor Names Magistrate Judge as Next Vice Chancellor
- 3Hagens Berman Accused of Withholding Share of $13M Award in Pharmaceutical Settlement
- 4What to Know About Naming a Law Firm
- 5Texas Shows the Way Forward in Resolving Mass Tort Gridlock
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250