Photo: Kai Dörner / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Manhattan’s best office buildings are almost full. One of them is about to lose its biggest tenant anyway. Weil, Gotshal & Manges, the law firm founded in 1931, said this week that it will wind down. According to Commercial Observer, the firm had about 2,000 employees, including roughly 1,200 lawyers, and nearly $2.1 billion in revenue last year. The collapse followed a wave…
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A 95-Year-Old Law Firm Is Shutting Down. It Leaves a $54 Million Rent Hole in the GM Building.
Weil’s planned wind-down raises questions about its GM Building lease, rent exposure, refinancing and the cost of filling a large Midtown office block.
