Summary

When Weil, Gotshal & Manges announced plans to wind down last week, the collapse of the 95-year-old law firm stunned the legal industry. Weil had roughly 1,200 lawyers, more than $2 billion in annual revenue, and a roster of major corporate clients. Yet the exit of a handful of powerful partners triggered a wave of resignations that ultimately pushed the firm toward dissolution. At Weil, one of those performers was Michael Aiello , the firm’s highest-paid partner and a leading dealmaker who reportedly earned more than $20 million annually .

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