Michael Parker’s Post

Ever felt stuck in the traditional law firm billable hours model? ⚠️Trading time for money can limit your growth. Start.Law founder Maria G. Worley, Esq. shares her journey how she decided to: - Ditch billable hours  - Embrace subscription-based model  - Build proactive partnerships  - Empower startups with niche expertise Checkout today’s Spotlight on Law Firm Owners to Know: https://lnkd.in/eqxBDdd7 Learn from her success story and consider implementing a subscription-based model in your practice to stay ahead of the curve. QUESTIONS: ▶ What is one key shift you made in your firm that has made a big difference in giving you greater time freedom in your business? ▶ What was your greatest take-away from Maria’s story? #LawFirmGrowth #LawFirmMarketing #SpotlightonLawFirmOwners #LawFirmInnovation

🚀 **Start-up Legal Guide: Navigating Legal Challenges for New Ventures** 🚀 Starting a new venture is an exciting journey filled with promise and potential. However, navigating the legal landscape can be daunting for entrepreneurs. Here’s a comprehensive guide to essential legal considerations every start-up should know: 1. **Business Formation: Choosing the Right Structure** Choosing the right business structure (LLP, Pvt Ltd, etc.) is crucial for liability protection and tax efficiency. Understand the legal implications of each option and choose what best suits your business goals. 2. **Intellectual Property Protection: Safeguarding Your Innovations** Protect your ideas, inventions, and brand with intellectual property (IP) rights. Register trademarks, patents, and copyrights to prevent unauthorized use and build value in your intellectual assets. 3. **Contracts and Agreements: Establishing Clear Terms** From client agreements to vendor contracts, ensure all agreements are legally sound. Define roles, responsibilities, and dispute resolution mechanisms clearly to prevent misunderstandings. 4. **Employment Laws: Navigating Hiring and Compliance** Understand employment laws concerning hiring practices, employee rights, and termination procedures. Implement fair employment policies and contracts to protect both your business and your team. 5. **Funding and Investment: Structuring Deals Wisely** When seeking funding, understand the legal implications of different funding options (equity, convertible notes, etc.). Draft clear agreements with investors to protect your interests and maintain transparency. 6. **Regulatory Compliance: Meeting Legal Obligations** Comply with industry-specific regulations and licensing requirements. Stay updated on changes in tax laws, data protection regulations, and environmental standards to avoid legal pitfalls. 7. **Risk Management: Mitigating Legal Risks** Identify potential risks early on and implement strategies to mitigate them. From cybersecurity threats to contractual disputes, proactive risk management can safeguard your business’s longevity. 🤝 **Partnering with Legal Experts: Your Trusted Advisors** Navigating these legal complexities can be overwhelming. Partner with experienced legal professionals who specialize in start-up law. They can provide tailored advice, draft legally sound documents, and help you navigate regulatory challenges effectively. Starting a business is a journey, and understanding these legal fundamentals can set your start-up on a path to success. At ACQUITY LAW ASSOCIATES, we specialize in guiding start-ups through these legal challenges, ensuring they have a strong foundation to thrive. #StartUpLaw #LegalGuidance #Entrepreneurship #BusinessFormation #IntellectualProperty #FundingAgreements #EmploymentLaw #RegulatoryCompliance #RiskManagement #LawFirm

Why is no one talking about how small businesses and early stage startups are priced out of the legal industry? With law firm and legal rates looking like those of professional athletes at the top of the market, how are small businesses and startups supposed to ever get a foot in the door? Of course, when the rates at the top of the market go up, so does the rest of the market. I would love to see how many solopreneurs and small business owners know they need to get legal help, but think it’s out of their price range? Let me know in the comments. They know they should get contracts in place to protect their businesses, but they don’t have thousands and thousands of dollars to spend. This is what I love about being a digital nomad lawyer with a virtual law firm. I can offer affordable legal help to those who need it the most, small businesses and startups. As a lawyer who runs a fully remote law firm while traveling all over the world (currently in Vienna), I am able to keep my overhead to a minimum, and as a result, my rates don’t create a barrier to entry for small businesses. 📸 Austria's National Library (My office for the month) If you are a small business owner or new startup looking for affordable legal documents, next week I will open a new way for you to get started with legal protection! I’ll share more next week, if you can’t wait, DM me “New Biz” to get started. _____________________________________________________ I’m Brian – a digital nomad, contract lawyer, and online business owner 💻 I help small business owners and startups confidently bring their products to market with custom contracts 📃 Jump in my DMs and let's set up a time to talk about your business!

When we first started learning about the legal side of startups, it felt like a maze. Incorporation, funding agreements, IP protection—it’s a lot. That’s why finding the right law firm is such a game-changer. ⚖️ These aren’t just people who file paperwork. A great startup law firm can help you: ◼️ Build a solid foundation with the right structure. ◼️ Protect your ideas before you share them. ◼️ Make sure funding deals don’t come back to bite you. ◼️ Stay compliant while scaling up. We published a guide to some of the best startup law firms that understand what founders actually need. It’s worth checking out if you want to avoid legal headaches down the road: https://lnkd.in/gGTbDkDD Fenwick & West Perkins Coie Wilson Sonsini Goodrich & Rosati Orrick, Herrington & Sutcliffe LLP Goodwin Cooley LLP Kirkland & Ellis Allen & Overy WilmerHale Morrison Foerster DLA Piper Latham & Watkins Linklaters Sidley Austin LLP Silicon Legal Strategy #law #startuplaw #entrepreneurship #compliance #lawfirms

Harvey was only founded in 2022 and it’s already a ‘unicorn’ thanks to its new $1bn+ valuation. Legal tech bubble incoming? Legal Tech Boom Marches On: Harvey, founded by former Meta AI researcher Gabe Pereyra and ex-O'Melveny & Myers LLP associate Winston Weinberg, has raised $100 million in a Series C funding round, bringing its valuation to $1.5 billion just two years after its launch in 2022. The round was led by GV (Google Ventures), with other investors including Sequoia Capital and OpenAI. Harvey announced its Series B round seven months ago, raising $80 million at a $715 million valuation. According to Legaltech News, Harvey has tripled its annual recurring revenue (ARR) since its last round, now reaching $30 million. Meanwhile, practice management software provider Clio - Cloud-Based Legal Technology announced it has raised $900 million in a Series F round from investors including Goldman Sachs, giving it a $3 billion valuation. Clio currently generates $200 million in ARR. Solicitors Regulation Authority Confirms Huge Hike to Compensation Fund Levy: The Solicitors Regulation Authority (SRA) is implementing a 200% increase to the annual levy that solicitors must contribute towards its compensation fund. Individual fees will rise from £30 to £90, while law firm contributions will increase from £660 to £2,200. These changes will take effect in November, pending approval from the Legal Services Board. The fund compensates parties who have lost money due to the misconduct of regulated firms. This increase follows the collapse of Axiom Ince, which has led to an expected £35 million in claims against the SRA. Get Back in the Office: Ian Bagshaw, the head of Perkins Coie’s new London office, expects lawyers to be in the office “almost every day.” Bagshaw, a City veteran, emphasized the importance of in-office work for skill development, stating that many skills are best learned through direct interaction and observation. Perkins Coie’s London base has gained attention due to the firm’s connections with major tech clients like Microsoft and Google. City Partner Moves at Their Busiest in 5 Years: The first half of 2024 saw the busiest period for partner hiring at elite London law firms in five years, according to Law.com. Recruitment data indicates there were 100 lateral partner moves among top US firms and the Magic Circle between January and June. Finance and white-collar crime were particularly active areas, with hiring up 58% in the finance sector. However, private equity hiring has slowed, down 78% in London, attributed to a slower deals market amid higher interest rates. CC: Non-Billable

When first starting your business, it's important to get all the legal matters in order as soon as possible. The last thing you want to do is infringe on a registered trademark and end up in legal trouble before you get your business off the ground. https://buff.ly/46PJVUJ #SmallBusinessTips #StartUp

EMT Law, a wholly owned legal subsidiary of EMT Partners (a diversified professional services, advisory, ventures and investment firm operating in Australia and the United States) is thrilled to announce that it is joining Cornwalls. EMT Law's firm leaders in Melbourne include Peter Davey, Dean Kino, Trent J Blacket and Anna Lozynski. EMT Law’s affiliate partners, EMT Edwards (Sydney) and EMT Burke (Los Angeles) will become affiliate partners of Cornwalls. Cornwalls, one of Australia’s oldest and most respected independent law firms, operates a national firm under a Federation model in Melbourne, Sydney and Brisbane. Cornwalls’ network also includes Cornwall Capital, a mergers and acquisitions and corporate finance firm operating in Asia, Europe and Australia, and Neo Legal UAE, an independent law firm in United Arab Emirates specialising in Blockchain Law, Commercial Law, and Sports and Entertainment Law. Cornwalls is also a member firm of global networks Andersen Global and ALFA International. The EMT Law team and affiliates will drive the expansion of Cornwalls’ practice internationally in the specialist areas of entertainment, media, sports and technology. EMT Partners’ non-legal businesses will not form part of the deal. Trent Blacket of EMT Partners comments: The highly progressive, innovative and global growth plans of Cornwalls under Levent Shevki’s leadership, together with the incredible history and established national law teams domestically in Australia make for a powerful combination. Levent Shevki, CEO of Cornwalls comments: We are excited about the future as we integrate our teams and resources. Our collective vision is to be the go-to legal partner for the most influential players in sports, entertainment, media, and technology. With our combined expertise, our ability to service clients in these sectors will be unparalleled. You can read more here in today's The Australian: https://lnkd.in/g_bJP_UX #law #collaboration #news

In the coming years, access to affordable legal advice for smaller companies will finally improve. This partnership is based on that belief; https://lnkd.in/dMv5NWRM

California, a state synonymous with innovation and entrepreneurial spirit, offers a thriving environment for businesses of all sizes, but starting a business requires a fair amount of upfront work! If you're considering starting a limited liability company (LLC) in the Golden State, it's crucial to understand the steps involved in this exciting venture. ThornCrest Law is here to guide you through the process and ensure a seamless transition from idea to reality: https://loom.ly/df-UidI