TAG: Lawyers
Can Anyone Recommend an Attorney in the Dallas Area?
TheFunded.com Discussion
Posted by Anonymous on 2009-06-13
Tags: Operations Lawyers
The Inlaw Conflict
TheFunded.com Advice
Posted by RichieBlueEyes on 2009-03-28
Tags: Operations Lawyers
This is a repost from a blog that is going live on Monday morning on Bootstrapper.com, I figured I would post it here first...
So today's post is about a topic near and to everyone in our community, The "inlaws". By that I mean the inherent conflict of interest that tends to occur within the legal community in relation to the venture community. I've gotten to know a number of lawyers in the community quite well over the last few years and have a lot of respect for them and are friends with a number of lawyers, however it is a small community and an interesting thing that occurs is that the same law firm can and often does represent both sides in a transaction (either directly or indirectly). What do I mean? Well, a law firm can represent a fund in one deal and the entrepreneur in another and both be going on simultaneously. It creates a confusing situation.
Outside of the venture sphere, the situation could be seen as a conflict of interest but given our world, it is standard practice. Often times the lawyer may be the one that introduced the company to the investor which is great for both parties but further complicates the question of representation.
The founding member of The Funded always likes to say that the lawyers work for the fund not for you and that the second $ is closed, it is no longer your counsel.
Given that the fund represents (generally) infinitely more business than a single entrepreneur, there is a point in there. On a technical level corporate counsel represent the controlling shareholder or bloc of shareholders but on a practical level it's something to think about.
Overall, it's usually good to have a venture law firm for your company because they do tend to know how to raise money and the process, however it may make sense to have a personal counsel review everything for how it looks from your perspective as the entrepreneur because you want someone looking at your docs that is representing you personally, not your company.
To conclude: Cover Your Ass no matter what you do - I've been screwed out of vesting and know many entrepreneurs who have as well. Protect yourself and make sure you have protections in place.
PRIVATE: Members OnlyDeferred Fees for Attorneys
TheFunded.com Discussion
Posted by Anonymous on 2009-03-16
Tags: Operations Lawyers Deferred Compensation
Quick Question
TheFunded.com Discussion
Posted by Anonymous on 2009-03-16
Tags: Operations Compensation Lawyers
Business in a Box and Other Software
TheFunded.com Discussion
Posted by Anonymous on 2009-03-06
Tags: Operations Advisor Lawyers
Seeking a Bridge Note with Discount for Conversion
TheFunded.com Discussion
Posted by Anonymous on 2009-02-22
Tags: Funding Sources Bridge Lawyers
Can Anyone Recommend a Good Bankruptcy Attorney?
TheFunded.com Discussion
Posted by Anonymous on 2009-01-16
Tags: Operations Bankruptcy Lawyers
Negotiating Legal Fees
TheFunded.com Discussion
Posted by Anonymous on 2008-12-17
Tags: Preparation Lawyers Fees
Attorneys, Raising Money, and Private Placements
TheFunded.com Discussion
Posted by Anonymous on 2008-12-09
Tags: Preparation Expenses Lawyers
Another Patent Question
TheFunded.com Discussion
Posted by Anonymous on 2008-11-26
Tags: Operations Patents Advisor Lawyers
Patent Infringement
TheFunded.com Discussion
Posted by Anonymous on 2008-11-24
Tags: Operations Patents Lawyers
Gerald Newman & Dp Os?
TheFunded.com Discussion
Posted by Anonymous on 2008-11-20
Tags: Preparation Lawyers
No Hourly Breakdown for Legal Fee for Investor Counsel
TheFunded.com Discussion
Posted by Anonymous on 2008-11-14
Tags: Closing Lawyers
Legal Requirements for Seed Round Convert. Debt Funding
TheFunded.com Discussion
Posted by Anonymous on 2008-11-13
Tags: Preparation Lawyers Convertible Debt
Lawyer Terms
TheFunded.com Discussion
Posted by Anonymous on 2008-11-06
Tags: Operations Lawyers
Help with (West) Los Angeles Fundraising Law Firm Referral
TheFunded.com Discussion
Posted by Anonymous on 2008-10-23
Tags: Preparation Advisor Lawyers
Venture Lawyers and Retainers
TheFunded.com Discussion
Posted by Anonymous on 2008-09-26
Tags: Preparation Advisor Fees Lawyers
New Site to Evaluate Attorneys (Fizzlaw.Com)
TheFunded.com Advice
Posted by TDZach on 2008-10-17
Tags: Preparation Lawyers
Inside Experience with Wsgr
TheFunded.com Discussion
Posted by Anonymous on 2008-08-18
Tags: Preparation Lawyers
Legal Fees on Series A
TheFunded.com Discussion
Posted by Anonymous on 2008-08-16
Tags: Preparation Lawyers Fees
In Ontario: Who Do You Recommend as a Startup Lawyer?
TheFunded.com Discussion
Posted by Anonymous on 2008-08-12
Tags: Preparation Lawyers Fees
Rates, Agreements From Silicon Valley Attorneys for Bootstrapped, Unfunded Companies?
TheFunded.com Discussion
Posted by Anonymous on 2008-07-11
Tags: Preparation Lawyers
Law Firms: Best for Biotech
TheFunded.com Discussion
Posted by Anonymous on 2008-07-10
Tags: Preparation Lawyers Recommendations
We're based in ATL, and have been working with local firms. As we are finishing our angel round - which we had to do ourselves - I'm considering a change. We need to keep improving our IP portfolio, prep and execute a Series A (
Wilson Sonsini Goodrich & Rosati are in Bay Area and have a reputation for life sciences companies like ours. Has anybody had any experience with them"
Who would YOU recommend"

