Re:Atrium shuts down, laying off 100
by ttul on Tuesday March 03, 2020 @07:54PM
(#22480264)
Plenty of software companies make a lot of money selling to lawyers. Clio (https://www.clio.com/), for instance, is a SaaS that helps lawyers run their practices better. It doesn't try to replace lawyers; it just saves them time on the bullshit of running a firm. Kira (https://kirasystems.com/) automates due diligence, which is a labor-intensive (and hence costly) process that nobody loves doing, but which does generate a lot of billable hours for paralegals and support staff.
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clio is a good example.
Indeed, Clio is absolutely crushing it. They closed a monster $250M round last September - and this is a company headquartered in Vancouver, not San Francisco, so the bar for raising that kind of money is truly up there.