Ed. note: Welcome to our daily column, Quote of the Day.
At this point, everyone needs to pay attention to number one. Everyone has to find a new job.
I understand that (Biglaw) is a very cutthroat environment, but the sheer level of greed combined with the lack of leadership from the top of the firm was really disappointing. There were members of the board of directors who were committed to running the company no matter what, and instead of guiding the company through a very difficult time, they used their inside information to broker deals with other companies and often left associates behind.
— An anonymous Weil Gotshal associate, speaking to Bloomberg Law as the nearly century-old firm prepares to wind down operations and send nearly 600 associates into the workforce. The partner said he received more than 100 LinkedIn inquiries from headhunters in the two days after executive partner Barry Wolf announced the news. Recruiter Blair Broser said associates “don’t have any leverage at this time,” while recruiter Summer Eberhard said Weil lawyers remain marketable for their credentials and sophisticated experience. Associates and staff have been informed that they will receive salary and benefits for 90 days, with bonuses available for those who stay through the end of the year.
Staci Zaretsky is the editor-in-chief of Above the Law, where she has worked since 2011. She would love to hear from you, so please email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitterand Threads, or connect with her on LinkedIn.
Gn bussni
