AI law firm Crosby bids for assets of collapsing Weil Gotshal

AI-first law firm Crosby has bid to acquire assets of collapsing Wall Street firm Weil Gotshal, including its trademark, brand, and internal data, while also seeking to hire its lawyers. Weil Gotshal is preparing to vote on dissolution. The two-year-old startup, backed by $85 million in funding, confirmed the offer, first reported by The Information. Weil Gotshal's decline follows its leadership heir apparent rejecting the role, top lawyers departing, and a shelved merger with rival Willkie Farr & Gallagher. Crosby, which uses AI to deliver legal services at unprecedented speed, emerged from stealth in 2025. Bid terms were undisclosed, and success isn't guaranteed, but a deal could transform Weil Gotshal's legacy under an AI-first model.