The Future of Atrium

A pivot ends the Atrium law firm experiment. CEO and Co-founder, Justin Kan signals a sharper focus on its software business and a new staffing service beyond legal services. This comes a little over six months after raising US$50 million. The journey so far: 11 July 2017¬† The Secret Legal-Tech Product with US$10.5m Funding 22 September 2017 The client who birthed a law firm and its legal technology 12 September 2018 Silicon Valley to show the world how to do legal services 10 July 2019 US$50 million to build software for law firms and in-house and now: From The Future […]

Lessons from losing US$75 million in the legal services market

It was a moment of excitement in the business of law. Silicon Valley was going to show the world how to do legal services. It was led by Justin Kan, a successful tech entrepreneur. Read how it unfolded here. Then it folded. Here’s what Justin Kan learned, sharing his lessons in a series of Tweets. 10 months ago we shut down Atrium after raising $75m in venture capital. Anyone hearing that knows I made tons of mistakes along the way. Someone asked me today what my biggest lessons learned were. Here they are: ‚ÄĒ Justin Kan (@justinkan) January 6, 2021 […]

The end of NewLaw?

The story so far in headlines: July 2017:¬† The Secret Legal-Tech Product with US$10.5m Funding September 2017:¬† The client who birthed a law firm and its legal technology September 2018: Silicon Valley to show the world how to do legal services June 2019: US$50 million to build software for law firms and in-house January 2020: The Future of Atrium And now in March 2020, the story ends with the closing of the entire business and with millions of dollars reportedly to be given back to investors. A skeleton of a law firm will continue. It is a sobering moment in […]

US$50 million to build software for law firms and in-house

Although this is a US capital raising, its size, ambitions and focus on in-house legal, means that it has a good chance of having an impact on the Australian legal market.¬†¬† Litify, a software platform that empowers law firms to better service their clients and grow their business, has announced a Series A investment of $50 million by Tiger Global Management, LLC, a New York investment firm. Some of the largest recent legal software capital raisings around the world have been eDiscovery company DISCO US$83 million in early 2019 and Atrium LTS in late 2018, raising US$65 million. The capital […]

Silicon Valley to show the world how to do legal services

We first heard publicly from Justin Kan and his Atrium venture in July 2017 when we learned that he raised US$10.5 million to revolutionise legal services. There was little information shared publicly about how this money would be spent and exactly what products or services would be created. There was however, a lot of mentions about providing legal services to startups and fast-growing companies.¬† The picture is now becoming clearer about what this venture is about and it has also gained the financial support of the ‘who’s who’ of Silicon Valley venture capitalists.¬† Justin Kan announced, [10 Sept 2018]¬†“Atrium has […]

The client who birthed a law firm and its legal technology

In July 2017 we reported on a well-funded (US$10.5m), secretive¬†venture¬†whose aim was to revolutionise legal services and transform the delivery of corporate legal services. The venture was centered in San Francisco¬†however technology revolutions tend to cross¬†national borders very quickly. Those who¬†were expecting ground-breaking technology¬†probably felt¬†an anti-climax when it was recently¬†revealed that¬†a¬†new law firm had been created. The law firm, named Atrium¬†appears to have quickly¬†gained a following amongst the Silicon Valley startup community. The¬†head of Atrium LTS, (LTS = Legal Technology Services) the technology part of the venture, is renowned entrepreneur Justin Kan. He describes himself as an “involuntary power user […]

The Secret Legal-Tech Product with US$10.5m Funding

While the product is secret, the amount raised to develop it has been all over the internet. Atrium LTS has raised US$10.5 million to revolutionise legal services and transform the delivery of corporate legal services. Have you ever had a good idea for software, had a few coffees with friends and contacts and raised A$14 million? Probably not, and in the legal services market this is exceptional for a concept product. Part of the success of being able to access these¬†funds must be¬†the standing of the leader of this enterprise. His name is Justin Kan – an entrepreneur and partner […]