The management of the Leviathan, Gotschel & Thachl law firm is holding emergency meetings against the background of the failure of merger negotiations and the departure of key partners, the Wall Street Journal writes. The firm had revenue of $2.1 billion last year on earnings of $5.6 million per partner, but the firm is facing financial pressure and is having to renegotiate its lease on 380,000 square feet of office space in Manhattan.