Key facts
- AI law firm Crosby has bid for assets of Weil, Gotshal & Manges.
- Weil Gotshal is preparing to vote on dissolution.
- Crosby aims to hire some of Weil Gotshal's 1,200 lawyers.
The two-year-old AI-first law firm Crosby has submitted a bid to acquire assets, including the trademark, brand, and internal data, of the famed Wall Street firm Weil, Gotshal & Manges. Crosby is also seeking to hire some of Weil Gotshal's 1,200 lawyers. Weil Gotshal confirmed this week that it is preparing to vote on its dissolution, a move that follows the departure of top lawyers and the shelving of a potential merger. Crosby, which uses its AI technology to provide legal services, has raised approximately $85 million.