Weil, Gotshal & Manges, a Wall Street law firm with more than 90 years of history, is planning to wind down pending a vote by its partners. The firm's management committee has recommended an orderly wind-down after reviewing strategic alternatives. Palantir Technologies CFO David Glazer has invited aspiring lawyers who may have expected to be Weil summer associates to work at the technology company instead.
Weil announced Wednesday that its leadership had recommended closing the firm. “Following a careful review of strategic alternatives, the firm’s management committee has recommended to the partnership that the firm pursue an orderly wind-down,” the firm said in a statement. Partners are expected to vote in the coming days.
The wind-down comes after an exodus of partners and unsuccessful merger talks. The nearly century-old firm has handled major matters for companies including Lehman Brothers, Enron and General Motors. Its planned wind-down leaves uncertainty for approximately 1,200 lawyers worldwide. As recently as Sept. 30, Weil said it had been named “Competition Team of the Year” at the Legal Business Awards 2026 for its work advising Boeing.
Palantir CFO David Glazer posted an invitation on LinkedIn on Thursday. “If you were going to be a Weil summer associate but now want to put your experience to work at Palantir, want to work a real summer job (with way less lunches) but way more fun. Reach out!” he wrote. Glazer, who joined Palantir in 2013 as legal counsel and became CFO in 2020, was previously a corporate securities attorney. His move from law to finance offers one illustration of how legal training can lead beyond a conventional legal career. The invitation does not specify the work, but raises a question about how companies can put analytical judgment to work beyond conventional career tracks.
Analysis
Why This Matters
- The dissolution of a 90-year-old Wall Street institution signals instability in the legal industry, with about 1,200 lawyers left uncertain.
- Palantir's outreach suggests tech companies are increasingly interested in hiring legally-trained talent for roles outside law.
- The episode underscores how partner departures and failed mergers can rapidly undo longstanding firms.
Background
Weil, Gotshal & Manges advised major corporations including Lehman Brothers, Enron and General Motors. It had seen a wave of partner departures and held unsuccessful merger talks before its management committee recommended winding down. Palantir Technologies, a data analytics company with a market capitalization exceeding $450 billion, has experienced rapid revenue growth, with Q2 revenue up 93% year over year to $1.94 billion.
Key Perspectives
- Weil management committee: Recommended the firm pursue an orderly wind-down after a careful review of strategic alternatives.
- Palantir CFO David Glazer: Invited aspiring Weil summer associates to work at Palantir, suggesting they could “work a real summer job (with way less lunches) but way more fun.”
What to Watch
- The partner vote on the wind-down recommendation, expected in the coming days.
- Whether Palantir hires any of the former Weil summer associates and if other tech firms follow.
- The next moves for Weil's 1,200 lawyers as the firm dissolves.
Checked
12 claims in this story checked against 1 source: 12 supported.
Show each claim
- SupportedGlazer wrote: “If you were going to be a Weil summer associate but now want to put your experience to work at Palantir, want to work a real summer job (with way less lunches) but way more fun. Reach out!”Fortune | FORTUNE: “Glazer posted on LinkedIn on Thursday: “If you were going to be a Weil summer associate but now want to put your experience to work at Palantir, want to work a real summer job (with way less lunches) but way more fun. Reach out!””
- SupportedWeil said: “Following a careful review of strategic alternatives, the firm’s management committee has recommended to the partnership that the firm pursue an orderly wind-down,”Fortune | FORTUNE: ““Following a careful review of strategic alternatives, the firm’s management committee has recommended to the partnership that the firm pursue an orderly wind-down,” Weil said in a statement.”
- SupportedWeil plans to wind down pending a vote by its partners.Fortune | FORTUNE: “Weil, Gotshal & Manges, a prominent Wall Street law firm with more than 90 years of history, is planning to wind down, pending a vote by its partners.”
- SupportedPalantir CFO David Glazer is inviting aspiring lawyers who may have expected to spend a summer at Weil.Fortune | FORTUNE: “David Glazer, CFO of Palantir Technologies, is already reaching out to aspiring lawyers who may have expected to spend a summer there.”
- SupportedWeil’s management committee recommended an orderly wind-down after reviewing strategic alternatives.Fortune | FORTUNE: “Following a careful review of strategic alternatives, the firm’s management committee has recommended to the partnership that the firm pursue an orderly wind-down”
- SupportedWeil partners are expected to vote in the coming days.Fortune | FORTUNE: “Partners are expected to vote in the coming days.”
- SupportedWeil announced on Wednesday that its leadership had recommended closing the firm.Fortune | FORTUNE: “His invitation follows Weil’s announcement on Wednesday that its leadership had recommended closing the firm.”
- SupportedThe planned wind-down follows an exodus of partners and unsuccessful merger talks.Fortune | FORTUNE: “Its planned wind-down follows an exodus of partners and unsuccessful merger talks”
- SupportedThe planned wind-down leaves uncertainty for approximately 1,200 lawyers worldwide.Fortune | FORTUNE: “Its planned wind-down follows an exodus of partners and unsuccessful merger talks, leaving uncertainty for approximately 1,200 lawyers worldwide.”
- SupportedWeil has more than 90 years of history.Fortune | FORTUNE: “Weil, Gotshal & Manges, a prominent Wall Street law firm with more than 90 years of history”
- SupportedGlazer posted the invitation on LinkedIn on Thursday.Fortune | FORTUNE: “Glazer posted on LinkedIn on Thursday:”
- SupportedGlazer’s post does not specify what work aspiring lawyers would do at Palantir.Fortune | FORTUNE: “His post does not specify what work they would do”