Crosby bids for Weil Gotshal assets
AI · First reported 29 Oct, 22:11 · Updated 23:27
AI-first law firm Crosby has bid to acquire some assets of Weil, Gotshal & Manges and is separately seeking to hire some of its lawyers. The bid’s terms are undisclosed, and Crosby is not guaranteed to succeed.
- Crosby bid for some Weil Gotshal assets, including its trademark, brand and unspecified internal data.
- Crosby is also working to hire some of Weil Gotshal’s 1,200 lawyers; its offer terms were not disclosed, and there is no guarantee it will prevail.
- Weil Gotshal told The New York Times it was preparing to vote on dissolution in the coming days.
Summary written by Lux AI from 2 articles
Key facts
- Bidder
- Crosby, described as a two-year-old AI-first law firm.
- Assets sought
- Some Weil Gotshal assets, including its trademark, brand and unspecified internal data.
- Lawyers
- Crosby is separately working to hire some of Weil Gotshal’s 1,200 lawyers.
- Bid status
- Terms were not disclosed, and Crosby is not guaranteed to prevail.
- Weil Gotshal
- The firm said it was preparing to vote on dissolution in the coming days.
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