More Trouble in Big Law: Weil Gotshal and Patton Boggs
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Even as the economy gradually recovers, Big Law continues to stumble. Illustrating trends discussed in a recent Bloomberg Businessweek cover story, two elite corporate firms—Weil, Gotshal & Manges and Patton Boggs—are going through troubling shakeups.
Weil Gotshal has fired a slew of associates and cut the compensation of 10 percent of its roughly 300 equity partners. The New York Times has this grim context: