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Atrium co-founders (left-right) Justin Kan, Nick Cortes and Augie Rakow. Photo: Atrium

Atrium, a business law firm startup that automates much of its attorneys’ menial work, has raised $65 million in new funding led by Andreessen Horowitz.

Why it matters: "When you figure out how to do something faster, you lose money,” Atrium co-founder and CEO Justin Kan tells Axios of the legal industry’s traditional lack of incentive to work more efficiently.

Kan adds that the company already has more than 250 corporate clients, who pay per project or monthly subscriptions, rather than on an hourly rate. They include: Bird, MessageBird, SiftScience, and a number of Y Combinator alumni.

Atrium VC? Not at the moment, said Kan when asked if the firm is rendering services in exchange for startup equity. "I would like to do that eventually, actually, but I don't want to confuse the success of the company's business."

Go deeper

Biden explains justification for Syria strike in letter to Congress

Photo: Chris Kleponis/CNP/Bloomberg via Getty Images

President Biden told congressional leadership in a letter Saturday that this week's airstrike against facilities tied to Iranian-backed militia groups in Syria was consistent with the U.S. right to self-defense.

Why it matters: Some Democrats, including Sens. Tim Kaine (D-Va.) and Chris Murphy (D-Conn.) and Rep. Ro Khanna (D-Calif.), have criticized the Biden administration for the strike and demanded a briefing.

2 hours ago - Health

FDA authorizes Johnson & Johnson's one-shot COVID-19 vaccine for emergency use

Photo: Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

The Food and Drug Administration on Saturday issued an emergency use authorization for Johnson & Johnson's one-shot coronavirus vaccine.

Why it matters: The authorization of a third coronavirus vaccine in the U.S. will help speed up the vaccine rollout across the country, especially since the J&J shot only requires one dose as opposed to Moderna and Pfizer-BioNTech's two-shot vaccines.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios