A technology-driven law firm which is backed by private equity is aiming to be the biggest multi-practice law firm in the US. Having raised  $10.5 million in June, Atrium LLP launched last week. It will run in parallel with Atrium Legal Technology Services which will develop the firm's technologies and processes. The firm, which currently has seven lawyers based in San Francisco, was set up by serial entrepreneur Justin Kan who founded live streaming sites, one of which sold to Amazon for nearly $1 billion. Others involved include Augie Rakow, a former partner at Orrick, Herrington & Sutcliffe and Bebe Chueh who founded AttorneyFee.com, which was sold to LegalZoom in 2014. 

Discontent

On his website, Mr Tan says: 'As an entrepreneur who founded 6 companies, invested in 71 and advised hundreds through Y Combinator, I spent millions of dollars and became an involuntary ‘power user’ of corporate legal services, yet I remained discontent.The companies around us promise customers innovation and efficiency. The law firms that serve them ought to promise the same. My founding team is ready to break down the barriers that have been keeping this $96 billion industry from adopting innovations in business and technology. We want to build the legal technology of the future to automate repetitive, low-value work and allow firms to deliver speed, transparency and cost certainty to their clients.'

Start-ups

Atrium LLP is currently focusing on start-up companies and currently offers two products. Atrium Counsel will provide legal services to startups at fixed rates of $2,000 to $10,000 whilst Atrium Financing is a legal and advisory service for fundraising startups with services offered at a fixed rate between $25,000 and $45,000. Sources: Atrium ; ABA Journal