AI-first law firm Crosby bids for Weil Gotshal brand and data as the Wall Street firm moves to dissolve
Crosby, a two-year-old AI-first law firm, has bid for some assets of Weil, Gotshal & Manges, including its trademark, brand and unspecified internal data, TechCrunch has confirmed. Crosby is also working to hire some of the firm's roughly 1,200 lawyers. Weil Gotshal told the New York Times it is preparing to vote on dissolution after its presumed leadership heir turned down the role, top-producing lawyers left, and a planned merger with Willkie Farr & Gallagher was shelved. The terms of the bid are undisclosed and there is no guarantee Crosby will prevail. Crosby has raised about $85 million, including a $60 million Series B led by Lux and Index in March. The article describes no cyber incident, vulnerability or threat activity. The only security-adjacent point is the possible transfer of internal firm data, which would carry confidentiality and client-privilege implications.
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AI-first law firm Crosby bids for Weil Gotshal brand and data as the Wall Street firm moves to dissolve
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Crosby, a two-year-old AI-first law firm, has bid for some assets of Weil, Gotshal & Manges, including its trademark, brand and unspecified internal data, TechCrunch has confirmed. Crosby is also working to hire some of the firm's roughly 1,200 lawyers. Weil Gotshal told the New York Times it is preparing to vote on dissolution after its presumed leadership heir turned down the role, top-producing lawyers left, and a planned merger with Willkie Farr & Gallagher was shelved. The terms of the bid are undisclosed and there is no guarantee Crosby will prevail. Crosby has raised about $85 million, including a $60 million Series B led by Lux and Index in March. The article describes no cyber incident, vulnerability or threat activity. The only security-adjacent point is the possible transfer of internal firm data, which would carry confidentiality and client-privilege implications.