
Healey’s Budget spoiled by ‘grim’ living standards squeeze
By Marcus Chen
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The City s legal professional body has said it is on standby to support Weil Gotshal and Manges trainees as the storied US law firm prepares to wind down after 95 years. Colin Passmore, chairman of the City of London Law Society (CLLS), said: Our primary concern is everyone at Weil’s office, particularly the trainees and junior lawyers here in London, who will understandably be anxious about what these latest developments mean for their careers. As we have demonstrated when others have faced difficulties in the past, the CLLS is steadfast in its support to City law firms and their people, and will look to provide guidance however it can when the need arises, he added. On Wednesday evening, Weil s board told partners the 95-year-old firm should be dissolved. Speculation about the future of the New York-headquartered firm had spread after heavyweight partners left the US and London offices in recent months. Earlier this month, the firm was reportedly “negotiating a mem