• Overview

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Weil Gotshal & Manges' 2011 financial results revealed modest top-line growth, with all key metrics ahead of where they were in 2009.

Gross revenue rose 3.8 per cent in 2010 from $1.185bn to $1.229bn, while average profit per equity partner jumped eight per cent to $2.44m.

Weil’s executive partner Barry Wolf highlighted growth in the firm’s London office as one of the highlights of that year.

“We’ve taken on a number of talented lateral partners in London and we’re extremely optimistic about the future here,’’ Wolf said.

Weil strengthened its London finance practice earlier in 2012 with the hire of international finance partner Stephen Lucas. It also hired a brace of restructuring partners from Jones Day and a four-partner funds team from Clifford Chance in September and June respectively.

‘‘Issues stemming from the Eurozone crisis mean we’ve seen more restructuring work across Europe,’’ added Wolf. ‘‘While the Eurozone might impact figures in future our strategy is to be a balanced practice so that we can show steady results in good times and bad.’’

Highlight transactions during the year included Weil acting as counsel to Kinder Morgan in its $37.4bn purchase of El Paso, the second-biggest deal in the world last year, and to French pharmaceutical giant Sanofi-Aventis in its $20.1bn takeover of Genzyme Corp.

Financial results for 2012 were yet to be announced at the time of writing.

Analysis from The Lawyer

Overview

110 Fetter Lane
London
EC4A 1AY
UK

Jurisdiction: US
No. of offices: 3
No. of qualified lawyers: 45

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