AI law firm Crosby bids on disintegrating, famed firm Weil Gotshal
Like a real-life episode of Suits, the demise of famed white-shoe Wall Street law firm Weil, Gotshal & Manges has been the talk of the legal industry. And now, an AI firm has entered the picture.
Key points
- AI-first law firm Crosby has bid to buy some assets of Weil Gotshal, including its trademark and brand.
- Weil Gotshal confirmed it is preparing to vote on dissolution in the coming days.
- Crosby has raised about $85 million, including a $60 million Series B round in March.
Two-year-old AI-first law firm Crosby has put in a bid to buy some assets of Weil, Gotshal & Manges, including its trademark, brand and some unspecified internal data, TechCrunch has confirmed. The offer was first reported by The Information. Crosby is also working to hire some of the firm's 1,200 lawyers.
The bid follows Weil Gotshal's confirmation to the New York Times this week that it is preparing to vote on dissolution in the coming days. According to the Times, the wind down comes after the firm's presumed leadership heir apparent turned down the role, several top-producing lawyers left, and a hoped-for merger with rival Willkie Farr & Gallagher was shelved.
Crosby's AI-first model
Crosby's founders believe they represent the future of law firms. Rather than selling its internally developed AI tech to existing firms like Harvey or Legora, Crosby operates as an actual law firm, using its AI to provide legal services at what the startup promises is a speed never before possible.
The startup has raised about $85 million, including a $60 million Series B round in March led by Lux and Index, with participation from seed-lead Sequoia, Elad Gil, 01 Advisors and Bain Capital Ventures. Crosby came out of stealth mode in 2025 with $5.8 million in seed money.
Like a real-life episode of Suits
— TechCrunch
No guarantee of success
No one has pointed to the rise of legal AI as a contributing factor to Weil Gotshal's downfall, though AI may be key to the legal industry's future. Terms of the bid were not disclosed, and there is no guarantee Crosby will prevail.
