APPETITE, NOT DEBT, KILLED WEIL GOTSHAL
Weil, Gotshal & Manges had no debt and US$5.6 million in profit per equity partner, yet it’s winding down after more than 50 partners left for firms that paid more. In a profession that can’t find lawyers for people earning $30,000 a year, that appetite raises the question of what law is supposed to be about.