While the last few years have brought an abundance of new and innovative legal tech products to market, the fact of the matter is that not every new product will succeed. Inevitably, for whatever reason, some products fail. But one thing for certain is that while some products shut down with a whimper, others go out with a bang.
Let’s revisit five of the most momentous legal tech fails of the last 10 years.
1. Atrium.
It launched in 2017 to great fanfare, promising to “revolutionize legal services” through its dual-entity model of both a law firm and a technology company. Its founder, Justin Kan, was a Silicon Valley wunderkind who had previously founded Twitch and then sold it to Amazon for $970 million. It came out of the gate with $10 million in funding, and then a year later raised a whopping $65 million more from some of the biggest names in
