The AI Daily Brief · Friday, October 30, 2026
Legal AI startup Crosby has submitted a letter of intent to acquire assets of the recently collapsed 95-year-old law firm Weil, Gottschall & Manjiz out of Chapter 11 bankruptcy. According to the report, Crosby aims to purchase assets including the brand, trademark, and internal archive of precedent documents and contract templates to train legal AI agents.
“the information reports that legal AI startup Crosby has submitted a letter of intent to purchase some of Wiles' assets out of bankruptcy, including the trademark and brand, as well as their internal data.”
“If Wild truly enters wind down, its data would be a seminal buy for an AI for Law workflow startup. and exceptionally valuable for restructuring and distressed workflows.”