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.
In a dramatic turn of events reminiscent of the TV series Suits, the renowned Wall Street law firm Weil, Gotshal & Manges is on the brink of dissolution, prompting a surprising bid from a two-year-old AI-first law firm, Crosby. According to TechCrunch, the younger firm has submitted an offer to acquire the trademark, brand, and certain undisclosed internal data of the older, established firm.
The Information first reported this potential acquisition. Separately, The New York Times revealed that Weil, Gotshal was preparing to vote on its dissolution after its presumed leadership heir declined the position, top lawyers left the firm, and an intended merger with rival Willkie Farr & Gallagher fell through.
Crosby's founders are confident they represent the future of law firms. Instead of merely selling AI technology to other firms, they operate as a fully-functioning law firm, leveraging their AI to deliver legal services at unprecedented speeds. The startup has reportedly raised $85 million in funding, including a $60 million Series B round led by Lux and Index, alongside participation from Sequoia, Elad Gil, 01 Advisors, and Bain Capital Ventures.
Crosby emerged from stealth mode in 2025 with $5.8 million in seed money. While the AI revolution in law is not explicitly cited as a reason for Weil Gotshal's decline, it may play a crucial role in shaping the future of the legal industry. The terms of Crosby's bid remain undisclosed, and there is no assurance of success. However, if they succeed, Weil Gotshal's legacy could be reborn in a new form, transformed by an AI-first approach.
Written by urgent.news from TechCrunch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
