Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
This
business
is
not
the
way
it
was
16
years
ago.
This
business
is
very
different,
and
I
don’t
expect
it
to
revert
back.
I
am
of
the
view
that
this
is
no
longer
a
one-person
job,
and
our
structure
needs
to
follow
our
culture.
—
Barry
Wolf,
executive
partner
of
Weil,
Gotshal
&
Manges,
in
comments
given
to
the
American
Lawyer,
on
the
significant
changes
that
are
coming
to
the
firm’s
leadership
structure.
As
noted
by
Am
Law,
Weil
is
creating
a
new
global
leadership
and
strategy
committee
that
will
report
to
the
management
committee,
and
is
also
adding
two
managing
partner
positions
to
support
the
executive
partner.
All
of
these
roles
will
come
with
terms,
as
well
as
a
new
succession
process.
Wolf,
who
has
been
leading
Weil
for
more
than
a
decade,
will
reach
the
firm’s
mandatory
retirement
age
to
step
down
after
2027.
Staci
Zaretsky is
a
senior
editor
at
Above
the
Law,
where
she’s
worked
since
2011.
She’d
love
to
hear
from
you,
so
please
feel
free
to
email
her
with
any
tips,
questions,
comments,
or
critiques.
You
can
follow
her
on Bluesky, X/Twitter,
and Threads, or
connect
with
her
on LinkedIn.