Weil's private equity co-head heads to Paul Weiss

The American Lawyer reports Weil, Gotshal & Manges LLP's global co-head of private equity is joining Paul, Weiss, Rifkind, Wharton & Garrison LLP. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates poached a Weil white collar partner in New York and a Weil private funds partner in DC. The American Lawyer reports both had joined Weil from the SEC less than three years ago. Bloomberg Law reports a Davis Polk & Wardwell LLP team, including Davis Polk's chair and the head of its liability management and special opportunities practice, is advising Weil on its future. Cleary Gottlieb Steen & Hamilton LLP poached a Simpson Thacher & Bartlett LLP private equity partner in New York. Cole Schotz P.C. poached a Meland Budwick, P.A. partner in Miami.

On the business side, The American Lawyer reports a new Major, Lindsey & Africa survey found average partner compensation reached $1.55 million in 2025, up 10%. The median rose just 3%, to $825,000. The survey found top rainmakers out-earning partners who bill more hours.