Whatever finally doomed Wall Street titan Weil, Gotshal & Manges, it does not seem to have been the performance of its near 400-strong City of London business.

That is according to accounts filed at Companies House earlier this month by the UK LLP. As recently as July, when the numbers were signed off, the Fetter Lane outfit’s bosses alluded to ‘stable activity’ in the first half of 2026 and a ‘strong liquidity position’.

Such optimism appeared justified after profits surged last year. For calendar 2025, Weil, Gotshal & Manges (London) LLP posted a pre-tax surplus of £135m, up from £110m in the previous 12 months. Income climbed 11%, from £259m in 2024 to £287m.

Profit available for division among the firm’s 61 members, meanwhile, rose 25% from £102m in 2024 to £128m – the equivalent of more than £2m each.

The LLP’s designated members (partners who take on specific legal and administrative duties) are listed as David Avery-Gee, who last month defected to Sullivan & Cromwell, and London managing partner Jonathan Wood.

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A going concern statement in the members’ report states: ‘The members continue to review the impact of geopolitical and macro-economic challenges on the trade and operations of the group and LLP. The members believe, after a careful review of client base and vendors, there will not be any material effect on the trade and operations of the group and LLP. When considering the possibility of diminished demand for services, the LLP has noted stable activity in 2026 so far and does not currently anticipate this demand will significantly drop off in the near future, based on our forecasts.’

They add: ‘Management can attest a strong liquidity position in the LLP and members believe that all contractual obligations can be met in the period of twelve months from signing the financial statements.’

The accounts, which also incorporate the results of the Brussels business, were signed on 15 July. At the end of 2025 the UK LLP had 173 fee-earners, down from 178 a year earlier, and 179 business services staff (173).

The highest-paid of 61 members (59 in 2024) received a profit share of £2,708,000 from Weil, Gotshal & Manges (London) LLP, up from £2,145,000 in the previous year.

Weil Gotshal announced in New York last week that it was preparing to wind down its operations after nearly a century in business, stunning the legal sector.