AI-first law firm Crosby bids for assets of collapsing Wall Street firm Weil Gotshal
Crosby, a two-year-old law firm built around artificial intelligence, has bid for some assets of the US firm Weil, Gotshal & Manges. Weil Gotshal itself is preparing a vote on dissolving.
The demise of Weil, Gotshal & Manges, a prominent Wall Street law firm in New York, has dominated conversation in the legal industry this week, and now a Silicon Valley company has joined in. Crosby, a two-year-old law firm that delivers legal services using artificial intelligence, has bid to buy some of Weil Gotshal's assets, TechCrunch has confirmed. The Information was the first to report the offer.
What Crosby wants
The bid covers the firm's trademark, its brand and some unspecified internal data. Separately, Crosby is working to hire some of Weil Gotshal's roughly 1,200 lawyers. The terms of the bid have not been disclosed, and there is no guarantee Crosby will prevail.
Why Weil Gotshal is winding down
Weil Gotshal told The New York Times this week that it was preparing to vote on dissolution in the coming days. According to the Times, the wind-down follows the refusal of the firm's presumed heir apparent to take the leadership role, the departure of a number of top-producing lawyers, and the shelving of a hoped-for merger with rival Willkie Farr & Gallagher. No one has pointed to the rise of legal AI as a contributing factor.
Who Crosby is
Unlike Harvey or Legora, which sell AI technology to existing firms, Crosby is itself a law firm that uses its in-house AI. The startup promises a speed of service never before possible. It 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. Crosby emerged from stealth mode in 2025 with $5.8 million in seed funding.
If the bid succeeds, Weil Gotshal's legacy could continue under an AI-first firm.
