Latest news with #Gotshal&Manges
Bloomberg
01-04-2025
- Business
- Bloomberg
European Retail Distress Hits Decade High Amid Consumer Gloom
Weakening consumer confidence and public fears of a slowing economy have driven distress among Europe's retailers to its highest level since October 2014, according to a new report from Weil, Gotshal & Manges. Retail and consumer goods firms have seen the largest quarterly rise in levels of distress across all the industry groups captured in the law firm's index of European corporate distress. The sector faces growing pressures on levels of investment, liquidity and profitability, the report said.
Reuters
04-03-2025
- Business
- Reuters
Litigation, patent leaders leave law firm Weil in latest exits
March 3 (Reuters) - Rival law firms announced the hires of five partners from Weil, Gotshal & Manges on Monday, including two practice leaders, extending a string of departures from Weil since November. The latest exits include the co-chair of Weil's global litigation department, Jonathan Polkes, who is joining White & Case with two other partners. Weil's patent litigation and life sciences practice leader, Edward Reines, is joining Jones Day with another partner. The departures come after Latham & Watkins and Paul, Weiss, Rifkind, Wharton & Garrison separately added practice leaders from Weil in November. Restructuring co-chair Ray Schrock joined Latham, while global litigation and patent litigation leaders Elizabeth Stotland Weiswasser and Anish Desai joined Paul Weiss. In a statement to Reuters, Weil executive partner Barry Wolf said the firm has hired 26 lateral partners in the past 12 months. That includes Sunny Singh, a restructuring group leader at Simpson Thacher & Bartlett who rejoined Weil in December, and Francis Dales, a Los Angeles-based private equity partner from Kirkland & Ellis whose hiring Weil announced Monday. "The firm will continue to focus on strategic growth and attracting the top talent in an increasingly competitive lateral marketplace," Wolf said in a statement. New York-founded, 1,100-lawyer Weil said in February it was reorganizing its governance structure to maximize its "continued, long-term success within a rapidly changing legal marketplace." In addition to an executive partner, the firm now also has two managing partners and a six-person global leadership and strategy committee.
