Weil winds down, a record $6.3B crypto heist, and a haunted house gets sued

This week's digest with the latest Legal.io trends, insights, and updates to help you navigate your legal career.

Weil winds down, a record $6.3B crypto heist, and a haunted house gets sued

Happy Friday!

Weil, Gotshal & Manges is winding down. Last year it was one of the 30 largest US firms, with 1,200 lawyers and $2.1 billion in revenue.

It went from rumors to a wind-down in a matter of days, and our video walks through how.

For in-house teams with live matters at Weil, that work now has to move mid-matter, on a tight timeline. Worth knowing before you ever need it:

  • Who else could take each matter, practice area by practice area

  • What they’d charge, benchmarked against the market

  • How much of your work sits with one firm

And if you’re hiring, a lot of very good people are about to be looking.

— Pieter Gunst

CEO & Co-Founder, Legal.io


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📊 Data-Driven Legal

$6.3B

Taken yesterday from Binance in the largest crypto heist on record, which is linked to North Korea and raises national security, liability and compliance questions across borders.

5

Acquisitions Harvey has made this year, most recently Aida, whose team will help law firms structure their knowledge for AI.

455

Legal-sector organizations named on ransomware data leak sites, up 39% year over year, per CrowdStrike’s 2026 Legal Threat Landscape Report.


📰 Industry Snapshot

Anthropic increases legal vertical push with ‘Artifacts’

Claude for Legal now has a gallery of editable, pre-built workflows, from Cite Check to a Playbook Deviation Board, plus partner-built ones from Goodwin, Harvey, PwC and Foley & Lardner. 

Gen Z is having a really tough time job hunting

The New York Times asked young job seekers what the search feels like. One 22-year-old biology graduate has applied to 511 jobs and counting.

Christopher Garcia to become Dell Technologies’ new GC

Richard Rothberg steps down Feb. 1 after nearly 27 years at Dell, the last 13 leading legal, ethics, compliance and government affairs. Garcia currently heads corporate legal.

Weil turmoil intensifies an existing war for restructuring talent

About 200 restructuring, bankruptcy and capital solutions lawyers, mostly partners, have changed firms in the past year. Now Weil’s roughly 100-lawyer group is in play, as a unit or in pieces.

Can a haunted house go too far? ‘Carrie’ scare leads to lawsuit

For Halloween weekend: a visitor paid to be scared and says he left with two broken wrists. This Bloomberg Law’s UnCommon Law podcast episode asks where a scare ends and negligence begins.


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