Weil Gotshal, Once a Legal Powerhouse, Plans to Dissolve NYT - Top Stories By: Lauren Hirsch 28 October 2026 at 21:57 The prominent law firm has been rocked by an exodus of high-profile lawyers, a failed succession plan and a scuttled deal to merge with a rival firm. © Andrew Kelly/ReutersFounded nearly a century ago, Weil Gotshal was once the marquee for bankruptcy advice but has more recently had difficulty competing with giant law firms.