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Weil Gotshal is going bankrupt
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Date: October 27th, 2026 4:05 PM Author: Impertinent Mind-boggling Center Main People And so it begins (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206764) |
Date: October 27th, 2026 4:08 PM Author: Vibrant round eye pocket flask aren't they the best at bankruptcy?
why don't they just do their own bankruptcy? |
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Date: October 27th, 2026 4:10 PM Author: stimulating private investor parlour It would be a real cash cow-- could save them from bankruptcy (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206778) |
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Date: October 27th, 2026 4:10 PM Author: Irate national potus (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206780) |
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Date: October 27th, 2026 4:20 PM Author: Brilliant fat ankles (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206808) |
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Date: October 27th, 2026 4:51 PM Author: Impertinent Mind-boggling Center Main People (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206907) |
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Date: October 28th, 2026 7:42 AM Author: Sable school cafeteria (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208872) |
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Date: October 28th, 2026 7:52 AM Author: MAGA's Prolapsed Anus (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208895) |
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Date: October 28th, 2026 8:52 AM Author: talented shitlib (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50209050) |
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Date: October 28th, 2026 9:08 AM Author: misunderstood titillating boistinker (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50209082) |
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Date: October 28th, 2026 10:08 AM Author: Out-of-control Stubborn Alpha (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50209169) |
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Date: October 30th, 2026 10:08 AM Author: ...,....,,........ (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50214655) |
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Date: November 1st, 2026 11:21 AM Author: \"\'\"\'\"\'\'\"\"\" (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50219550) |
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Date: October 27th, 2026 4:10 PM Author: offensive ruby resort philosopher-king XO has lasted longer than many of these "prestigious" lol firms (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206779) |
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Date: October 27th, 2026 6:41 PM Author: Maize ticket booth d/b/a Cohen Benefits LLC (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207174) |
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Date: October 27th, 2026 4:11 PM Author: Frisky regret base Many of their bankruptcy attorneys are likely to leave next in order to get a piece of this lucrative bankruptcy work as this firm collapses. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206782) |
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Solana HdCkeCbtRd5mwddmuuZPCbCjdpRWDeriZYAzWixg1dkC ₿ Bitcoin 3FyqsMaUNBTpopSbjZvW8D7rWvpmdzbzsP Ξ Ethereum
0xCE955F7F2A24fB8A7c3cd6F115F65E016c785EC8 Date: October 27th, 2026 4:17 PM Author: richard clock (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206798) |
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Date: October 27th, 2026 4:54 PM Author: floppy tanning salon kitty cat is law firm bankruptcy work lucrative? what kind of creditors does a biglaw firm have -- their lease to the building? (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206917) |
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Date: October 27th, 2026 5:30 PM Author: propecia mathematica (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207046) |
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Date: October 27th, 2026 4:24 PM Author: Brilliant fat ankles LJL at the absurdity of this. They have 1,200 lawyers making them $2B in revenue. They only have 179 real partners and PP(E)P of $5.6M. How do you screw that up?
It's like having a money printing machine and mismanaging it so bad that you can't pay your bills. |
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Date: October 27th, 2026 4:45 PM Author: offensive ruby resort philosopher-king it said their revenue growth was flat while AMLAW was 13% growth on avg, once a few top partners leave it furks up the economics. they cant recruit new partners and offer them 20m whatever without furking up other partners pay, i guess its sorta a ponzi scheme or some shit almost, it sounds almost jewish (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206882) |
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Date: October 27th, 2026 4:48 PM Author: pearly forum knife the biglaw model is fucking ridiculous. it totally is a pyramid scheme and a handful of huge rainmakers leaving can cause a collapse. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206891) |
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Date: October 27th, 2026 4:55 PM Author: Brilliant fat ankles It's their own fault for (a) (presumably) guaranteeing big payments for partners and (b) not being able to slide and let do to weather the storm on "flat" growth. Even if they lost 25% of their revenue, their revenue per lawyer would still top $1M.
LJL again on any business model that requires 13% growth and guaranteed 8-figure salaries to avoid bankruptcy. |
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Date: October 27th, 2026 5:02 PM Author: offensive ruby resort philosopher-king well the problem was prob that other firms offered rainmarkers even moar gauranteed money, so if everyone is doing it then u have to do it too
even cravath is doing lateral partner hiring which they never did in like 100 year history except like once. or maybe that was watchell... whatever |
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Date: October 27th, 2026 5:05 PM Author: Brilliant fat ankles Kinda sad that Cravath is doing it. They used to be "above" that sort of thing.
These huge guarantees are like gambling. Would probably be better to just operate as a chill, fratty $3M PPP firm than over-leverage your way to $6M PPP and an inevitable collapse. |
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Date: October 27th, 2026 5:10 PM Author: offensive ruby resort philosopher-king lolyers are human scum and BIGLOL is fraud protected cause state bars dont let in new tech or competition, theres no reason lots of these jerbs cldnt ahve been done by jeets in india years ago (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206969) |
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Date: October 28th, 2026 10:18 AM Author: Nofapping wild love of her life (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50209192) |
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Date: October 27th, 2026 5:33 PM Author: Irate national potus Downturns always cull the weak (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207056) |
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Date: October 28th, 2026 7:47 AM Author: lavender racy travel guidebook Not if you're the mean partner in this hypo.
Who gives a fuck in the world if "weil gotschal" folds or downsizes or gets shot into the sun or whatever. |
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Date: October 27th, 2026 5:32 PM Author: Irate national potus This is how all businesses fail
Debt, leverage, greed, and a period of slowdown. Wealth transfer to the top just like Jamie Dimon buying failed banks. Those with liquidity, stability, and patience always weather the storm. |
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Date: October 27th, 2026 6:04 PM Author: Richard Ames It's really it. After working long enough, I've come to the conclusion that there are two kinds of successful businesspeople:
1.) Those that build durable companies through the lens of "what is best for the customer and other key stakeholders" - this requires great patience and discipline, but can lead to the best returns in the long run
2.) Those that figure out how to most efficiently transfer cash from source A to source B while pocketing as much as they can for themselves. The businesses run by these types may look successful, but are mainly just wealth transfer vehicles that get exposed when a downturn hits.
Our economy is chock full of #2. Not good! |
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Date: October 27th, 2026 6:23 PM Author: Irate national potus #2 always goes tits up in the long run.
Think about all the major banks that got bought by Chase over the years. How many of them got into a mess while thinking, ooh, money printer go brrr, this will never end. There was a point in time when they thought it was impossible that the party could ever stop. But the party always stops and the antifragile win. |
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Date: October 27th, 2026 4:55 PM Author: Frisky regret base Service partners are always vulnerable and hopefully save and invest their money well. 75% of the people at these firms truly rely on a half dozen or so rainmakers. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206918) |
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Date: October 27th, 2026 4:58 PM Author: Brilliant fat ankles For sure service partners should have been saving up for the inevitable.
But, saying it's only half a dozen rain makers is overstating it. This firm has (or had!) 1,200 lawyers. IIRC from my biglaw days, at my firm, no one client was responsible for more than a few percent of revenue and there were over 100 different clients that provided more than $5M in revenue or something. |
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Date: October 28th, 2026 6:56 AM Author: pearly forum knife service partners/of counsel everywhere should plow $3-4 million into index funds or whatever. i worked with a guy who was in his early 70s making a million a year (not a service partner, he had a decent book) and would confide in other partners that he couldn't share credit with younger partners bc he couldn't afford for his comp to go down. he remodeled his kitchen once and had to take a 401(k) loan. most lawyers are sps with money. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208828) |
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Date: October 27th, 2026 5:22 PM Author: Richard Ames (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207001) |
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Date: October 28th, 2026 7:44 AM Author: Sable school cafeteria Great analogy. Really elucidating. I like the part about the "money printing machine" most. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208874) |
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Date: October 27th, 2026 4:52 PM Author: Arrogant Trailer Park Macaca They are in race against time to dissolve before associate bonuses would be paid (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206910) |
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Date: October 27th, 2026 5:01 PM Author: Brilliant fat ankles Where to sign up as counsel for the class of unsecured associate debtors? (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50206940) |
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Date: October 27th, 2026 5:32 PM Author: Impertinent Mind-boggling Center Main People A creditors committee comprised entirely of aggrieved associates (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207052) |
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Date: October 27th, 2026 6:15 PM Author: awkward aqua dilemma tp (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207128) |
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Date: October 27th, 2026 6:22 PM Author: MAGA's Prolapsed Anus (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207132) |
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Date: October 27th, 2026 7:47 PM Author: red irradiated theater (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207377) |
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Date: October 27th, 2026 7:23 PM Author: Brilliant fat ankles (Weill practice group chair on last helicopter out of Saigon, yelling back to stub first year associate who just got his bar results that it really was a great Firm) (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50207292) |
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Date: October 28th, 2026 12:30 PM Author: Iridescent Hell (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50209530) |
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Date: October 28th, 2026 7:07 AM Author: offensive ruby resort philosopher-king FT reports its almost OVER, they have hired David Polk to consult on BK ljl they cant even hire their OWN lolyers or i guess thats a conflict but still how gay
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Law firm Weil prepares for possible wind-down as crisis deepens Big Law powerhouse working with Davis Polk on options that also include last-minute merger or slimmed-down entity
Weil has recently lost a group of senior private equity lawyers and the partner chosen to lead the firm has decided not to take the top job © Pascal Perich/FT Law firm Weil prepares for possible wind-down as crisis deepens on x (opens in a new window) Law firm Weil prepares for possible wind-down as crisis deepens on facebook (opens in a new window) Law firm Weil prepares for possible wind-down as crisis deepens on linkedin (opens in a new window)
Save current progress 0% Sujeet Indap, Oliver Barnes, Amelia Pollard and Kaye Wiggins in New York
PublishedYESTERDAY
Updated01:06
180 Print this page Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Law firm Weil, Gotshal & Manges has tapped restructuring specialists to assess options including a possible wind-down, as the crisis deepens at one of America’s largest and most prestigious law firms.
Weil is working with Brian Resnick, one of Davis Polk’s top bankruptcy lawyers, to advise on a potential restructuring, according to people familiar with the matter.
Davis Polk had previously advised Weil on a possible merger with a rival firm, but those talks collapsed, forcing it to consider other options. Beyond an unwinding, other options for the firm include a last-minute merger, or a slimmed-down standalone entity.
Davis Polk has worked on some of the highest-profile restructuring proceedings in the recent history of corporate America including AIG, Purdue Pharma and Spirit Airlines.
Weil is also interviewing several financial consultancies for a role to analyse its books and determine a course of action, the people added. Weil’s obligations include pensions and office leases around the world.
The move marks a rapid change of fortune for a firm that, just this summer, was ranked as one of the US’s top 30 law firms by revenue, which topped $2bn last year.
The Wall Street powerhouse was rated the 15th most prestigious law firm and was separately named by The American Lawyer in August as “A-List”, based on factors including revenue per lawyer, pro bono commitment and the satisfaction of its associates.
Ramona Nee, the partner chosen to lead Weil from January, has told the firm’s management committee that she will no longer take the job, the FT has previously reported. Nee informed her colleagues of the decision in September.
Weil and Davis Polk did not immediately respond to requests for comment.
Weil, which employs about 1,200 lawyers globally and a further 1,000 staff, has been engulfed by a crisis in recent months following the departure of several top lawyers.
Chris Machera, who co-led Weil’s private equity practice, announced his departure in August, with other partners later joining him in a move to Paul Weiss.
In September Michael Aiello, Weil’s best-known US corporate M&A lawyer, announced he was leaving for Cravath with a group of colleagues. The same month David Avery-Gee, co-head of its London office, announced his departure for Sullivan & Cromwell.
The run of departures by some of the most important generators of revenue at Weil hit its business model and unsettled other lawyers, many of whom have since been in touch with other law firms as they try to assess contingency plans.
The crisis highlights how even the largest and longest-established law firms can be thrown into turmoil by an exodus of top talent.
Shutdowns among large US law firms are unusual. Stroock & Stroock & Lavan shut its doors in 2023. Dewey LeBoeuf filed for bankruptcy in 2012. Cadwalader, Wickersham & Taft and Shearman & Sterling, both in recent years suffered a series of departures that led to mergers with rivals, though they are significantly smaller than Weil.
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Date: October 28th, 2026 7:24 AM Author: pearly forum knife they are smart not to use their own lawyers not only for "conflict" reasons, but most or all of the team they would put together to do this is probably going to be gone in the next month or two.
it's really insane how all these firms founded in the early 1900s/20s or whatever have failed in the last 15-20 years. |
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Date: October 28th, 2026 7:44 AM Author: offensive ruby resort philosopher-king law is the biggest fraud industry completely protected by the bar assocation mafias, if not for that 99% of biglol firms wld have gone bust a long time ago and goldman sachs etc wld own the top lolfirms and 90% of their lolyers wld be jeets in banagalore (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208873) |
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Date: October 28th, 2026 7:50 AM Author: lavender racy travel guidebook Yup. Ppl say public sector is the last remaining Union stranglehold but they ignore regulated-profession cartels. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208890) |
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Date: October 28th, 2026 7:42 AM Author: Up-to-no-good curious mad cow disease It really doesn't matter, the same amount of law fag work exists independent of law firm politics. A lot of the Weil restructuring practice will either spin off to its own firm/join another firm and some of them will just scatter to existing practices. So the same fags will be doing the same work with different letterhead. The last thing we should be nostalgic for is fucking law firm letterhead lmao. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208869) |
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Date: October 28th, 2026 7:53 AM Author: MAGA's Prolapsed Anus (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208899) |
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Date: October 28th, 2026 8:17 AM Author: Appetizing Talking Orchestra Pit Marketing Idea (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208946) |
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Date: October 28th, 2026 8:51 AM Author: pearly forum knife This is true. Nobody has loyalty to a firm anymore, nor should they. I left BIGLAW in 2022 because I was a nameless cog in a machine and my comp sucked. I stole some clients and left. I’ve been at like 3 firms since then and my comp has more than doubled and will be significantly higher next year. lol at anyone feeling any sense of loyalty to a firm that will get rid of you the second there’s a downturn. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50209048) |
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Date: October 28th, 2026 1:37 PM Author: Carmine haunting chapel trust fund You made Partner but were still Poor? lol Gen X. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50209729) |
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Date: October 30th, 2026 10:16 AM Author: Taylor Swift is not a hobby she is a lifestyle (πΊπΈ π΅π±) This is how engineering works. Loyalty is for dogs. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50214689) |
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Date: October 28th, 2026 12:36 PM Author: lavender racy travel guidebook CR exactly. It's not even a hallowed 'institution' like cravath or sullcrom or even DPW. Even back when it was V10, it was a weird inclusion in the V10. You might say Weil : V10 :: skadden : V5 (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50209551) |
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Date: October 28th, 2026 7:49 PM Author: ~~(> ' ' )> (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50210791) |
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Date: October 28th, 2026 7:47 AM Author: Carmine haunting chapel trust fund https://www.reddit.com/r/biglaw/comments/1xhd3hq/comment/19rrixgpnvo3k/?screen_view_count=1 (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208879) |
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Date: October 28th, 2026 7:49 AM Author: offensive ruby resort philosopher-king send them some free invites to make them feel better (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208886) |
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Date: October 28th, 2026 8:54 AM Author: talented shitlib no don't ever send invites to redditors are you insane? (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50209057) |
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Date: October 28th, 2026 12:31 PM Author: Iridescent Hell (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50209532) |
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Date: October 28th, 2026 7:50 AM Author: laughsome honey-headed hissy fit Why is reddit just people begging for special treatment constantly (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208891) |
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Date: October 28th, 2026 8:22 AM Author: Up-to-no-good curious mad cow disease Reddit is networking for people who don't have friends and coworkers IRL. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208960) |
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Date: October 28th, 2026 8:23 AM Author: MAGA's Prolapsed Anus (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50208964) |
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Date: October 28th, 2026 12:26 PM Author: Vibrant round eye pocket flask I | DECLARE | BANKRUPTCYYYYYYYYYYY (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50209515) |
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Date: October 28th, 2026 4:54 PM Author: a New York Times analysis of Reddit posts The firm is being dissolved, okay? We’re dissolving the firm. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50210314) |
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Date: October 28th, 2026 7:45 PM Author: cannon (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50210776) |
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Date: October 30th, 2026 9:36 AM Author: Fratty the fact that this isn't a 200+ post thread on a prestigious law board like xo is outrageous (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50214507) |
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Date: October 30th, 2026 9:42 AM Author: AZNgirl asking Democrat Handsome to Pound Her Next what percent of poasters even work in BIGLOL anymore, it use to be prob 75% but now its prob not even 10-20%
i use to follow stories like this religiously, read above the law and law.com everyday, now i dont give a flying furk |
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Date: October 30th, 2026 9:50 AM Author: הדרך היחידה לגן עדן היא מחקר משפטי ( ) If you add up all the Weil threads it's easily 200+. It's DISPERSED scholarship. (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50214580) |
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Date: November 4th, 2026 1:10 PM Author: ~~(> ' ' )> Update? (http://www.autoadmit.com/thread.php?thread_id=5915077&forum_id=2#50231529) |
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Date: November 4th, 2026 1:13 PM Author: AZNgirl asking Democrat Handsome to Pound Her Next its all fraud and lies cause everyone just moves to other firms, even the support staff will follow
Gibson Dunn Set To Bring On 120 Lawyers From Weil
By Daniel Moritz-Rabson and Marialuisa Taddia · November 4, 2026, 4:46 PM GMT
Gibson Dunn is set to hire the U.S. and London-based private funds teams from Weil Gotshal & Manges LLP, bringing on 120 attorneys in the largest group move reported since Weil's... |
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Date: November 4th, 2026 1:15 PM Author: AZNgirl asking Democrat Handsome to Pound Her Next ljl jews are trying to buy its name and data:
https://www.lawfuel.com/ai-law-firms-circle-what-is-left-of-weil-gotshal/ |
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Date: November 4th, 2026 1:18 PM Author: json statham Weil. Got. Shal.
What is it good for? |