⚖️Weil Gotshal Winds Down as AI Startup Crosby Bids for Its Assets

Your legal AI vendor might be about to change hands

Weil, Gotshal & Manges, a 1,200-lawyer firm, is preparing to vote on dissolution. The firm confirmed the wind-down to the New York Times after its presumed heir apparent turned down the top job, top producers walked, and a merger with Willkie Farr & Gallagher got shelved. Crosby, a two-year-old AI-first law firm, is bidding for the brand, trademark, and internal data. Why should you care? If your company buys legal services or builds legal tech, this is a preview of what happens when an AI-native firm goes after a legacy incumbent. Crosby says it delivers legal work at a speed never before possible. Its pitch is that Weil's clients and talent can move over without the usual friction, which is exactly the workflow question procurement teams are already asking. The numbers: Crosby has raised about $85 million, including a $60 million Series B in March. Backers include Sequoia, Elad Gil, 01 Advisors, and Bain Capital Ventures. It came out of stealth in 2025 with $5.8 million in seed money. The terms of the bid were not disclosed. The catch? There is no guarantee Crosby wins. Watch the vote and the asset sale terms. If Crosby prevails, Weil's legacy gets a second life under a very different operating model.