AI Firm Crosby Makes Bid for Assets of Failing Weil Gotshal

Crosby, a two‑year‑old AI‑first law firm, has put forward an offer to purchase several assets of the Wall Street firm Weil, Gotshal & Manges, including its trademark, brand and unspecified internal data, according to reports. The offer also includes plans to hire some of Weil’s 1,200 lawyers. The bid was first reported by The Information. Weil Gotshal has confirmed to the New York Times that it is preparing to vote on dissolution in the coming days, following leadership and merger setbacks. Crosby’s founders view their firm as the future of law, using AI to deliver legal services at unprecedented speed. The startup has raised about $85 million, including a $60 million Series B round in March led by Lux and Index, with participation from Sequoia, Elad Gil, 01 Advisors and Bain Capital Ventures. The terms of the bid are undisclosed and there is no guarantee that Crosby will win the assets.