Weil, Gotshal & Manges advises on jewelry chain bankruptcy

Weil, Gotshal & Manges has added another major US retail company to list of bankruptcy mandates. Weil is representing jewelry retailer Finlay Enterprises, which has 200 stores in the US, including 77 in major department stores like Macy's. Weil is demanding up to $950 per partner hour and has already billed $1.3 million in legal fees for advice on Finlay's restructuring efforts.