Weil, Gotshal & Manges
Headquarters |
General Motors Building New York City, New York, United States |
---|---|
No. of offices | 21 |
No. of attorneys | 1,083 (2016) |
Major practice areas | General practice |
Key people | Barry M. Wolf, Executive Partner, Management Committee Chair[1] |
Revenue | $1.27 billion (2016)[2] |
Date founded | 1931 (New York City) |
Founder |
Frank Weil Sylvan Gotshal Horace Manges |
Company type | Limited-liability partnership |
Website | weil.com |
Weil, Gotshal & Manges LLP, headquartered in New York City, is an American international law firm. With over 1,000 attorneys, the firm has offices in Boston, Washington, D.C., Miami, Houston, New York, Silicon Valley, Dallas, Paris, London, Munich, Prague, Beijing, Hong Kong, Shanghai, Frankfurt, Budapest, Warsaw and Dubai.
Weil is consistently ranked as one of the most prestigious law firms in the world. [3] The firm has a gross annual revenue in excess of $1.1 billion, making it amongst the world's most profitable law firms according to The American Lawyer's AmLaw 100 survey. [4][5]
The firm is best known for representing some of the world's largest companies and financial institutions through its corporate (including subgroups specializing in banking & finance, structured finance, capital markets, technology and IP transactions, private equity), mergers & acquisitions, litigation, and restructuring practices.[6] Weil is commonly recognized as the most prominent restructuring firm in the United States, having served as chief debtor's counsel in 5 of the 6 largest corporate bankruptcy filings in history. [7]
Overview
The firm was founded in New York City in 1931 by Frank Weil, Sylvan Gotshal, and Horace Manges. Since 1968, Weil has been headquartered in the General Motors building, overlooking Central Park, in New York City's Manhattan borough.
After its founding in 1931, the firm grew steadily in the following decades, taking on clients including General Electric and General Motors, and becoming one of the largest law firms in the country. In 1975, the firm opened an office in Washington, D.C., its first outside New York City, followed in the 1980s by locations in Miami, Houston and Dallas. In 1991, the year that the internet became publicly available, Weil was the first global, non-California law firm to open a Silicon Valley office, in Redwood Shores, California. Later, the firm further spread its practice, notably in non-contentious finance and private equity practice.
The fall of the Berlin Wall in 1989 and the subsequent move by Central and Eastern European countries toward market-based economies prompted the firm to launch its international expansion. It established offices in Budapest, Prague and Warsaw in the early 1990s, followed by the establishment of offices in Frankfurt, London, Munich and Paris. In the 21st century, the firm established offices in Beijing, Dubai, Hong Kong, and Shanghai. As of 2012 one-quarter of the firm's lawyers practiced outside the U.S.
Chambers and Partners gives the firm high marks in the following practice areas: bankruptcy, corporate, litigation, mergers and acquisitions, private equity: buyouts, investment funds: fund formation, financial services regulation, intellectual property, antitrust, patent litigation, labor and employment, securities litigation, entertainment litigation and tax.[8]
Notable recent deals and cases
- Olympus Corporation's, Olympus scandal deal for British medical-equipment maker Gyrus earned Weil an undisclosed portion of the extraordinary $687 million fee; the $2 billion acquisition was the largest in Olympus's history; the fee was shared with the deal's financial advisor and its broker; auditor KPMG refused to issue an unqualified audit report due to issues with the Gyrus deal for which a 21-attorney Weil team was legal advisor[9]
- General Electric's $11.6 billion sale of GE Plastics to Saudi Basic Industries[10]
- DirecTV's $25 billion stock-for-stock merger with Liberty Entertainment[11]
- Sanofi Aventis's $18 billion acquisition of Genzyme[12]
- General Electric's $35 billion joint venture with Comcast for ownership of NBC Universal[13]
- Apple Inc.'s favorable settlement of litigation with Burst.com
- CBS Corporation's successful defense against a lawsuit filed by former reporter and news anchorman Dan Rather[14]
- ExxonMobil's successful breach of contract suit against Saudi Basic Industries resulting in a $400 million jury award, one of the largest in history
- eBay's successful defense in trademark litigation with Tiffany & Co.[15]
- Enron bankruptcy[16]
- Lehman Brothers bankruptcy[17]
- Washington Mutual bankruptcy[18]
- WorldCom bankruptcy[19]
- General Motors bankruptcy[20]
- DirecTV's $49 billion sale to AT&T[21]
- Lenovo's $2.9 billion acquisition of Motorola from Google[22]
- Verizon's $4.4 billion acquisition of AOL[23]
- Intel's $16 billion acquisition of Altera[24]
- Facebook's $19 billion acquisition of WhatsApp[25]
- Oracle's $9 billion acquisition of NetSuite[26]
See also
References
- ↑
- ↑ Staff (n.d.). "Weil Sees Big Gains in Profits, Revenue". The American Lawyer. Retrieved February 6, 2017.
- ↑ http://www.vault.com/company-profiles/law/weil,-gotshal-manges-llp/company-overview.aspx
- ↑ "2005 The National Law Journal 250". The National Law Journal. Retrieved October 9, 2012.
- ↑ Staff (July 1, 2005). "The Am Law 100: The Billion-Dollar Club Expands" (Abstract). The American Lawyer (via Law.com). Retrieved October 9, 2012. (Subscription required (help)).
- ↑ http://www.chambers-associate.com/FirmFeature/3667
- ↑ http://finance.yahoo.com/news/10-largest-bankruptcies-time-205509224.html
- ↑ Staff (n.d.). "Weil, Gotshal & Manges LLP". Chambers and Partners. Retrieved October 9, 2012.
- ↑ Staff (October 27, 2011). "Additional Information on Our Previous Acquisition Deals" (PDF format). Olympus Corporation. Retrieved October 9, 2012.
- ↑ Layne, Rachel; Cronin, Sean (May 21, 2007). "Saudi Basic to Buy GE Plastics Unit for $11.6 Billion (Update 5)". Bloomberg. Retrieved October 9, 2012.
- ↑ Nolter, Chris (May 15, 2009). "Malone's Fancy Turns to Tax-Free Spinoffs". The Deal. Retrieved October 9, 2012.
- ↑ Nicholson, Chris V. (February 16, 2011). "Sanofi Agrees to Buy Genzyme for $20.1 Billion". DealBook (blog of The New York Times). Retrieved October 9, 2012.
- ↑ Shields, Todd; Bliss, Jeff (January 18, 2011). "Comcast Wins U.S. Approval to Buy NBC Universal From GE for $13.8 Billion". Bloomberg. Retrieved October 9, 2012.
- ↑ Reagan, Gillian (January 12, 2010). "Dan Rather's $70 Million Lawsuit Against CBS Finally Dies". Business Insider. Retrieved October 2012. Check date values in:
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(help) - ↑ Jones, Ashby (April 1, 2010). "Second Circuit Rules for eBay in Counterfeit Goods Case". Law Blog (blog of The Wall Street Journal). Retrieved October 9, 2012.
- ↑ Glater, Jonathan D. (December 4, 2001). "Enron's Collapse: The Lawyers; And the Winners in the Case Are". The New York Times.
- ↑ Glater, Jonathan D. (December 13, 2008). "The Man Who Is Unwinding Lehman Brothers". The New York Times.
- ↑ Chasan, Emily (September 28, 2008). "WaMu Files Bankruptcy Petition in Delaware". Forbes.
- ↑ Schmitt, Richard (July 23, 2002). "Recent Bankruptcy Filings Become A Field of Gold for Weil Gotshal". Wall Street Journal.
- ↑ Sandler, Lisa (June 1, 2009). "GM Files Bankruptcy to Spin Off More Competitive Firm". Bloomberg.
- ↑ Chiem, Linda (June 24, 2014). "Sealing The Deal: Weil Steers DirecTV In $49B Sale To AT&T". LexisNexis.
- ↑ Mahoney, Brian (January 14, 2014). "Law360's Weekly Verdict: Legal Lions & Lambs". LexisNexis.
- ↑ Mahoney, Brian (May 12, 2015). "Verizon to buy AOL in $4.4 billion mobile video push". Reuters.
- ↑ King, Ian (June 1, 2015). "Intel’s $16.7 Billion Altera Deal Is Fueled by Data Centers". Bloomberg.
- ↑ Rosen, Ellen (February 21, 2014). "Weil Advises Facebook as WhatsApp Uses Fenwick: Business of Law". Bloomberg.
- ↑ Greene, Jay (July 28, 2016). "Oracle to Buy Cloud-Software Provider NetSuite for $9.3 Billion". Wall Street Journal.
External links
- weil.com, the firm's official website
- Weil, Gotshal & Manges companies grouped at OpenCorporates
- LinkedIn profile
- Chambers and Partners firm profile