Weil Gotshal has brought in restructuring advisory firm AlixPartners to manage its wind-down. The New York law firm announced Wednesday it would shut down after a wave of partner departures.
AlixPartners will oversee the dissolution process. The firm specializes in restructuring and advisory work.
The decision follows significant partner exits that left Weil Gotshal unable to continue operations. The departures forced the firm to announce its closure this week.
AlixPartners will handle the logistics of winding down the law firm’s business. Details of the wind-down plan were not immediately available.
The move marks a rapid end for the New York firm. Partner losses mounted in recent weeks, prompting the shutdown announcement.
AlixPartners has experience managing complex wind-downs. The firm will now apply that expertise to Weil Gotshal’s dissolution.
The wind-down process will proceed under AlixPartners’ direction. Further details on timing and asset handling are expected as the process moves forward.
