Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP Company Profile

A powerhouse in restructuring, M&A, private equity and litigation, Weil, Gotshal & Manges has long been one of the world's leading law firms. Buoyed by its role as the go-to bankruptcy firm, Weil has been a fixture at the top of law firm rankings, including The American Lawyer's "A-List" and Chambers USA.

To New York and Beyond

Weil was founded in New York in 1931 and now overlooks the City's playground, Central Park, from its Fifth Avenue office. With more than 1,200 lawyers scattered throughout Europe, the United States, Asia and the Middle East, the firm bases over half of its 20 offices overseas and has a tradition of jumping on expansion opportunities (e.g., heading off to Warsaw shortly after the fall of the Iron Curtain). Recent additions to the real estate portfolio are offices in Munich, Shanghai, Hong Kong, Beijing and Dubai. The growth has only spurred the firm's successes, as it continues to be one of the highest-grossing law firms.

Restructured Thinking

Weil fields one of the most respected and effective restructuring departments in the world-the firm was integral in the high-profile reshufflings of WorldCom and Enron (which earned the firm over $150 million in fees) and has held prominent roles in the largest insolvencies in history, which include General Motors and Washington Mutual.

Restructuring talk would hardly be complete without mention of the linchpin of the financial meltdown: Lehman Brothers. As the renowned Wall Street bank went under, Lehman Brothers retained Weil's Harvey Miller to handle its Chapter 11 filing with a debt of $613 billion, the largest in history.

In what is potentially the largest corporate restructuring in American history, Weil has counseled AIG in connection with the company's divestiture and restructuring program, brought to national attention by several recapitalizations footed by the U.S. Treasury and the Federal Reserve. The firm's Securities Litigation practice also represented AIG in connection with inquiries by congressional committees, congressionally-appointed commissions and panels, and federal agencies-including the SEC, the DOJ, multiple state attorney generals' offices, the U.S. Office of the Special Inspector General for the Troubled Asset Relief Program, the UK Serious Fraud Office, the UK Financial Services Authority-arising out of AIG's subprime-related losses, receipt of emergency funding by the federal government in late 2008, and compensation issues. The DOJ, SEC, UK SFA and the UK FSA all closed their investigations without initiating any proceedings against AIG (or any of its current or former employees).

At the Court, in the Field and on the Ice

While raking in the restructuring dollars, Weil has also built a fierce sports and entertainment practice on the shoulders of partner James Quinn. He eliminated the NBA's antitrust immunity through a lawsuit filed on behalf Oscar Robertson. He later negotiated basketball's first collective bargaining agreement. Quinn and fellow litigator Bruce Meyer were brought in by the National Basketball Players Association (NBPA) to help restart talks between the NBA and players' representatives, in an attempt to end the 149-day lockout that was threatening the 2012 professional basketball season. The lockout followed the expiration of the most recent Collective Bargaining Agreement between the NBA and the NBPA, then the players' union. Quinn and Meyer were involved in a series of "behind the scenes" meetings with NBA officials, culminating in a Friday-night-into-Saturday-morning session that resulted in the agreement ending the lockout and saving the 2012 NBA season. Meyer led the team for the final marathon negotiating session that resulted in the deal, announced from a conference room at Weil's New York office.

Not content to reshape just one professional sport, Quinn then opened the door to NFL free agency by winning a jury verdict favoring the players in McNeil v. NFL. Not surprisingly, NFL players turned to Weil during lockout for the 2011-2012 season. In addition to its work on the free agency and collective bargaining landscape, Weil has also handled the sale of NHL's Tampa Bay Lightning and MLB's Texas Rangers to new owners and represents individual athletes in employment negotiations.

Media Moguls

From the fields to the air waves: the firm has advised on an impressive range of media-related deals in the last few years, including its representation of General Electric in its $37.25 billion joint venture with Comcast for ownership of NBCUniversal and Comcast's cable channels and regional sports networks; Citadel Broadcasting Corporation in its merger with Cumulus Media, Inc.; China Media Capital on its agreement with News Corporation to acquire a controlling stake in three Chinese television channels-Xing Kong, Xing Kong International and Channel [V] Mainland China-and its Fortune Star Chinese movie library; and DIRECTV in its $28.5 billion merger with Liberty Entertainment, Inc.

But the firm's corporate expertise covers other industries as well, including financial institutions, technology, transportation and even art. Weil has been the go-to counsel for some of the biggest names in these industries, including Sotheby's (in its $300 million senior notes offering), Facebook (in its acquisition of Parse, a provider of cloud-based software developer kits for mobile devices), and Centerbridge Partners (in its $1.1 billion acquisition of P.F. Chang's).

IN THE NEWS

Ongoing

WhatsApp, Facebook?
Weil is representing Facebook in its $16 billion acquisition of WhatsApp, a provider of a cross-platform mobile messaging application that allows a client to exchange messages without having to pay for short messaging service (SMS).

The More the Merrier
In April, Weil announced that Assistant Director of the FTC Bureau of Competition Jeff Perry will join the Washington office as partner in the Global Antitrust/Competition Practice. Also in April, partner Andrew Wilkinson (Business Finance & Restructuring) joined the London office; in February, counsel Adam Safwat (White Collar Defense & Investigations) joined the Washington office; in January, partner Albert Cho (Private Funds Group) joined the Hong Kong office and partner Chris McLaughlin (Banking & Finance) joined the London office; and in November, partner Courtney Marcus (Banking & Finance) rejoined the Dallas office.

April 2014

Loved by lululemon 
Weil successfully represented lululemon athletica in securities class action litigation brought against the company in connection with its decision to pull certain merchandise from stores due to an unacceptable level of sheerness. Rejecting the plaintiff's allegations regarding falsity, scienter, and loss causation, the Southern District of New York dismissed all claims.

December 2013

Defending E-Book Publishers in the SDNY
Weil achieved a significant victory for Simon & Schuster, Inc. ("S&S") by securing the dismissal in a putative antitrust class action filed by a group of independent bricks-and-mortar bookstores against S&S, other major e-book publishers, and Amazon.com, alleging claims of unlawful agreements and monopolization in violation of the Sherman Antitrust Act. Ruling on motions to dismiss filed by S&S and the other defendants, Judge Rakoff in the U.S. District Court for the Southern District of New York found that the plaintiffs' complaint was insufficient to support their antitrust claims and dismissed it with prejudice.

December 2013

American Airlines and US Airways Join Forces
Weil represented American Airlines and its affiliates in their chapter 11 cases, including American's approximately $18 billion merger with US Airways Group which was effected pursuant to a plan of reorganization. The recent merger and plan consummation marked the successful conclusion of one of the highest-profile corporate restructurings in the country that delivered a full recovery to creditors and an extraordinary distribution to AMR's existing shareholders, a first for a major airline bankruptcy.

September 2013

Did You Say $29 Billion?
Weil is representing Applied Materials Inc., a Santa Clara, California-based leader in semiconductor equipment manufacturing, in its merger with Japan-based Tokyo Electron Ltd., to create a new company with a combined market capitalization of approximately $29 billion (2.8 trillion yen).

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Weil, Gotshal & Manges LLP


767 Fifth Avenue
New York, NY 10153
Phone: 212-310-8000
www.weil.com

STATS


  • Employer Type: Private
  • Chairman: Stephen J. Dannhauser
  • Executive Partner: Barry M. Wolf
  • Hiring Partner: Adam Hemlock
  • Total No. Attorneys 2014: 1,200

  • Employment Contact

    Naima Walker-Fierce
    Senior Director, Legal Recruiting
    Phone: (212) 310-6799
    E-mail: recruit@weil.com

    Wes Powell
    Associate Director, Legal Recruiting
    Phone: (212) 833-3533
    Email: recruit@weil.com


  • Base Salary

    All offices
    1st year: $160,000
    2nd year: $170,000
    3rd year: $185,000
    4th year: $210,000
    5th year: $230,000
    6th year: $250,000
    7th year: $265,000
    Summer associate: $3,077/week


  • Summer Associate Offers

    92 out of 93 (2013)


  • Major Departments & Practices

    Business Finance & Restructuring
    Corporate
    Litigation
    Tax

Major Office Locations

  • New York, NY (HQ)
  • Boston, MA
  • Dallas, TX
  • Houston, TX
  • Miami, FL
  • Princeton, NJ
  • Providence, RI
  • Silicon Valley, CA
  • Washington, DC
  • Beijing
  • Budapest
  • Dubai
  • Frankfurt
  • Hong Kong
  • London
  • Munich
  • Paris
  • Prague
  • Shanghai
  • Warsaw
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