Wake Up Call: Weil Rides Big Bankruptcy Work to Revenue, Profit Gains

In today’s column, Steptoe hired a former Obama White House official to co-lead its international trade policy practice; marijuana’s “legal limbo” has many of the country’s top lawyers and law firms sidestepping cannabis business; and the coronavirus has slowed corporate counsel hiring on the West Coast.

• Leading off, work on major bankruptcies including Pacific Gas & Electric, Sears, and others allowed Weil, Gotshal & Manges to expand its gross revenues 3.9% to about $1.52 billion in 2019, while its average profits per equity partner grew 5% to slightly over $4 million. (New York Law Journal)

• Crowell ...