Legal AI startup Crosby bids for assets of Weil Gotshal

Crosby, a two-year-old legal AI startup, has submitted a letter of intent to buy some assets of the winding-down law firm Weil, Gotshal & Manges, including internal data, its trademark and brand. The bid's terms weren't disclosed, and Crosby also hopes to hire some of Weil's 1,200 lawyers.

• Crosby filed a letter of intent for some Weil Gotshal assets
• The bid covers internal data, trademark and brand
• Startup aims to hire some of Weil's 1,200 lawyers
• Financial terms of the bid were not disclosed