News Summary

• Arceus combines a law firm staffed by attorneys with software built to speed up contract review.
• The company says it can shrink the time it takes to review a standard agreement from days or weeks to a few hours.
• On Thursday, Arceus said it raised new funding led by Greycroft, bringing its total funding to $17 million.
• The model is similar to one popularized by Crosby, which builds software for its own lawyers, and was most recently valued at $400 million.
• In-house legal teams don't want another tool to manage; they want the work done faster.