Having nothing at all to do with the practice of law… I finished watching something on TV at about 10 last night, and before I turned off the TV, I happened to tune by all of the major local newscasts – WBBM, WLS and WMAQ – right as they were coming on with their top […]
Was that the goodcounsel logo on the back of that dude’s bike shorts? Yes it was. I’ve previously written about why everyone should hire lawyers that ride their bikes to work. So perhaps it won’t come as a surprise that goodcounsel is now a proud sponsor of the Play It Again Sports amateur cycling team, […]
Take a look at the section below, from a contract a client gave me to review today. What is wrong with this picture? Found it yet? It’s at the end, where the words say “One Hundred Seventy Five Thousand Dollars” and the numerals say “$100,000.” Notice that this is not a small-change mistake. It potentially means […]
I would like to use Facebook more. Without a doubt, there is great utility in a social platform that everyone is on, can be used as a universal identity for logging in or commenting on other sites, etc. But because of their customer-unfriendly privacy practices, I use it rarely and with great caution. I know there […]
In my last post, I made a comment about startups not needing 45-page LLC agreements. I guess there’s even worse being perpetrated out there. A friend, who also represents startups, reports the following: Apropos of your point, I am in the process of negotiating a 2-member, early stage operating agreement which spans 70 pages What […]
I love Fred Wilson’s blog. Sure, he’s a smart VC, but he also writes well and believes in sharing his knowledge. I always learn something from his posts. A little more than a year ago, Fred issued a challenge to startup lawyers: to keep legal fees down for startup investment transactions. Way down. In his […]
Take a look at this recent NYTimes piece, reporting that many attorneys are leaving big law firms and opening up practices of their own. Not sure this really qualifies as news at this point, but okay… To me, the more interesting issue is how many of these newly self-employed attorneys will perpetuate the standard hourly-billing […]
The idea occurred to me recently that if you are the founder of a startup or the president of a small company, you should find a lawyer who rides his bike to work. I’m not sure what triggered this random thought, but as I have considered it, I have come to feel that it has […]