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AI law firm Crosby bids on disintegrating, famed firm Weil Gotshal

Policy1 min read

Crosby, a two-year-old law firm that uses AI to do legal work, has bid to buy some assets of Weil, Gotshal & Manges, a famous Wall Street law firm that is shutting down. Crosby is also trying to hire some of Weil's lawyers.

A famous firm is breaking up

Weil, Gotshal & Manges is a well-known Wall Street law firm. It is preparing to vote on closing down in the coming days. Now, Crosby, an AI-first law firm, has made an offer to buy some of Weil's assets. These include the firm's name and brand, plus some internal data. Crosby is also working to hire some of Weil's roughly 1,200 lawyers. The terms of the bid were not made public, and Crosby may not win.

Why Weil is closing

Weil's top leader in waiting said no to the job. Several of its best-earning lawyers left. A planned merger with a rival, Willkie Farr & Gallagher, was dropped. Together, these problems led to the wind-down. No one has said that AI caused the trouble, but it is a big topic in the legal world.

Key numbers

  • Weil has about 1,200 lawyers.
  • Crosby has raised about $85 million in total.
  • Crosby's $60 million Series B round came in March and was led by Lux and Index.
  • Crosby came out of stealth mode in 2025 with $5.8 million in seed money.

Why this matters

Most AI legal companies sell their software to other law firms. Crosby is different. It is a law firm that uses its own AI to give legal services, and it says it can work faster than ever before. If Crosby gets Weil's name and staff, it could show whether AI-run law firms can work at large scale. That could change how the legal industry works in the future.

What to watch

  • Whether Weil's partners vote to dissolve the firm.
  • Whether Crosby wins any of Weil's assets.
  • How many Weil lawyers decide to join Crosby.
  • Whether other law firms respond with their own AI plans.

Glossary

Crosby
A law firm that uses its own AI tech to provide legal services, rather than selling the tech to other firms.
Weil, Gotshal & Manges
A famous Wall Street law firm that is now shutting down.
Series B round
A later funding round in which a startup raises a larger amount of money from investors.

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