AI-powered Crosby makes bid for Weil Gotshal assets as storied law firm faces dissolution

The implosion of Weil, Gotshal & Manges, a prestigious Wall Street law firm, has dominated conversation across the legal sector in recent days. Now a technology-driven player from Silicon Valley is making a move to capitalize on the situation.

Crosby, an AI-focused law firm founded two years ago, has submitted a bid to acquire certain assets from Weil Gotshal, which includes the firm's trademark, brand identity, and proprietary internal data, according to TechCrunch's reporting. In parallel, the startup is also pursuing recruitment of some of Weil Gotshal's 1,200 attorneys. The Information first disclosed this acquisition attempt.

Weil Gotshal announced to the New York Times this week that shareholders would soon vote on dissolving the firm. The collapse stems from multiple factors: the presumed successor to leadership declined the position, several high-revenue partners departed, and a proposed combination with rival Willkie Farr & Gallagher fell through, according to the Times.

Crosby's leadership sees their company as representing the next generation of legal practice. Rather than licensing proprietary AI systems to established firms—as competitors like Harvey and Legora do—Crosby operates as a full-service law firm itself. The company leverages its own artificial intelligence to deliver legal work at unprecedented speed, according to its pitch.

The startup has accumulated roughly $85 million in total funding. A $60 million Series B round closed in March, led by Lux and Index Ventures, with backing from seed investor Sequoia, Elad Gil, 01 Advisors, and Bain Capital Ventures. Crosby emerged from stealth in 2025 with $5.8 million in seed capital.

While industry observers have not attributed legal AI technology to Weil Gotshal's deterioration, artificial intelligence may prove transformative for the legal profession broadly. The bid terms remain undisclosed, and Crosby faces no certainty of success. Should the acquisition proceed, however, Weil Gotshal's storied history could experience an unexpected revival under AI-driven ownership.