Home / Business and Economy / AI Firm Bids for Iconic Law Firm's Assets
AI Firm Bids for Iconic Law Firm's Assets
31 Oct
Summary
- AI law firm Crosby made an offer for Weil Gotshal's assets.
- Weil Gotshal is preparing to vote on its dissolution soon.
- Crosby uses AI to offer legal services at unprecedented speed.
The legal industry is abuzz with the potential acquisition of assets from the storied Wall Street law firm Weil, Gotshal & Manges by the AI-first startup Crosby. Crosby has placed a bid for Weil Gotshal's trademark, brand, and internal data, TechCrunch has confirmed.
Weil Gotshal confirmed to The New York Times that it is moving towards a dissolution vote soon. This follows the departure of key lawyers and the shelving of a potential merger with Willkie Farr & Gallagher.
Crosby, which emerged from stealth in 2025, differentiates itself by operating as a law firm that utilizes its proprietary AI technology to deliver legal services at remarkable speed. The startup has secured approximately $85 million in funding.
While the rise of legal AI is not explicitly cited as a cause for Weil Gotshal's decline, it may signify the future direction of the legal sector. The outcome of Crosby's bid remains uncertain, but a successful acquisition could lead to a revival of Weil Gotshal's legacy through an AI-powered firm.
