With Weil, Gotshal & Manges’ June layoffs of 60 associates and 110 staff firmwide, the firm’s Texas heft will diminish, as the firm slims its complex commercial litigation practice in Houston.
On June 24, Barry Wolf, the firm’s executive partner, announced in an email sent to lawyers and staff that Weil Gotshal “will be deemphasizing” its complex commercial litigation practice in Houston as part of “adjustments” the firm announced because “the market for premium legal services has entered into a ‘new normal’ after the 2008 financial crisis.”
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