Silicon Valley-based alternative legal services provider Atrium acknowledged Monday that it was shedding much of its legal staff as part of a “restructuring,” 16 months after announcing $65 million in new venture capital funding.
Co-founder and CEO Justin Kan said the company—which launched in 2017 as two entities, a law firm and a software company, both operating under the same roof and aiming to serve the technology community—would be eliminating the jobs of most of its lawyers. He said the company, which has raised a total of $75.5 million, would instead be expanding outside of legal services to focus on a “professional services network” supporting startup founders.
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