Legal is broken, we hear this from our clients all the time. Atrium works to fix legal and we do this with a fully digitized legal services platform that’s powered by both real lawyers and AI.Chris Szymansky, Engineering and Product at Atrium
While most lawyers might take issue with the term broken, certainly the corporations who hire lawyers look at the profession as a necessary evil. If nothing else, most everyone understands work with lawyers and legal teams can involved a great deal of waste thanks to the massive amount of data involved. eDiscovery for example has made it easier to access information but it still needs to be mined and properly correlated.
Atrium’s ML technology is co-developed with lawyers and engineers working hand-in-hand.
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 less-skilled work or assist with common corporate duties. That’s allowed it to speed up legal work on incorporations, financings, M&A and contract negotiations.
Services include Atrium Counsel which provides a dedicated attorney, paralegal, cap table management, equity issuance, board matters, meetings and simple contract reviews.
Atrium Financing negotiates term sheets and builds an investor-ready legal room, all for a flat fee.
Atrium Contracts provides contract review and form document preparation.
Atrium FinTech and Blockchain helps with corporate formation, advice on broker-dealer matters, regulatory and compliance.
We consider this company, future-of-work-as-a-service. It takes a complex area which most companies hate dealing with due to complex and cost and makes it easier to understand and budget for. It brings the power of ML and AI and combines it with humans to boost productivity and provide a better ROI.