The boring genius of how Atrium kills legal busy work
Law firms have little incentive to build or buy software that will save their lawyers time since they often bill clients by the hour. Tasks like tracking down legal documents, extracting key information, and drawing up hiring offers or funding term sheet add up to make lawyers expensive even if they’re constantly repeating mindless busy work.
That’s why legal startup Atrium is so exciting even though it’s developing tech that might seem boring on the surface. After raising $75 million from Andreessen Horowitz and General Catalyst while growing to 400 clients, today Atrium is announcing its first customer-facing products.
Atrium Records creates a collaborative file locker for you and your lawyer so you always have access to the latest versions of corporate documents. Atrium Hiring automatically generates hiring offers and contracts from details you add to a form, and tracks everyone’s approvals and signatures.
Rather than having to pay for these tools separately, they come as part of a subscription to a bundle of Atrium’s legal services with special projects like counsel through an acquisition costing extra. This business model incentivizes Atrium to work as efficiently as possible instead of bilking hourly rates, and build tools to eliminate
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