Crosby, a two-year-old AI-first law firm, has submitted a bid for selected assets of Weil, Gotshal & Manges, including the established firm’s trademark, brand and unspecified internal data. The startup is also pursuing some of Weil Gotshal’s 1,200 lawyers, according to information confirmed by TechCrunch. The Information first reported the offer.
Weil Gotshal said this week that it was preparing to hold a vote on dissolution in the coming days. The firm’s planned wind-down follows the decision by its presumed successor to decline the leadership role, the departure of several leading lawyers and the shelving of a potential merger with rival Willkie Farr & Gallagher, according to The New York Times.
Crosby’s founders position the company as an alternative to conventional law firms. Instead of licensing internally developed artificial intelligence tools to established legal-technology companies such as Harvey or Legora, Crosby operates as a law firm and uses its own AI systems to deliver legal services at what it describes as unprecedented speed.
The startup has raised approximately $85 million. That total includes a $60 million Series B round led by Lux and Index in March, with participation from Sequoia, Elad Gil, 01 Advisors and Bain Capital Ventures. Crosby emerged from stealth in 2025 after raising $5.8 million in seed funding.
The terms of Crosby’s offer have not been disclosed, and there is no guarantee that the bid will succeed. While the rise of legal AI has not been identified as a cause of Weil Gotshal’s difficulties, the proposed acquisition would connect the legacy of a prominent traditional firm with an AI-focused newcomer.
Sources: TechCrunch Startups.