Gibson Dunn snaps up Weil’s private funds team in City expansion

Law firm Gibson Dunn is set to snap up a team of almost 40 private funds lawyers in London from Weil, Gotshal, and Manges, as the storied US law firm prepares to wind down after nearly a century. Gibson Dunn, the law firm which led on the UK side of Space X s $75bn stock market listing, had been in ongoing talks to acquire Weil s entire private funds team for over a year, according to a source with knowledge on the matter, prior to the recent collapse of Weil. The move comes after US legal powerhouse Weil told partners on Wednesday the firm should be wound down after 95-years. The wind down is expected to be at the centre of a partnership vote in the coming days. If given the go ahead, it would put thousands of jobs at risk, including 50 partners, 200 solicitors, and roughly 120 business services staff at its London office, which has operated since 1996. Gibson Dunn s move to poach the team, which is one of the largest lateral moves for a law firm in London in recent years