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 this week. And now, Silicon Valley has entered the picture.
Two-year old AI-first law firm Crosby has put in a bid to buy some of the assets of Weil Gotshal, including its trademark, its brand, and some unspecified internal data, TechCrunch has confirmed. Separately, it is also working to hire some of the firm’s 1,200 lawyers. The Information was first to report this offer.
The once-prestigious Weil Gotshal confirmed to the New York Timesthis week that it was preparing to vote on dissolution in the coming days. The wind down is happening after the firm’s presumed leadership heir apparent turned down the role, a number of its top-producing lawyers left, and a hoped for merger with its rival, Willkie Farr &...
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