Another year has flown by, one of enormous growth and development for goodcounsel’s practice in terms of the number and the complexity of matters we handled. We would like to thank goodcounsel’s clients and other friends for making 2013 an enormous success.
A deal is a deal is a deal
One thing goodcounsel established this year is that we are capable of handling substantial deals and going up against huge law firms.
Mind you, we love helping entrepreneurs with company formations, seed funding and the host of legal issues that emerge in the startup context. That is goodcounsel’s bread and butter. But we want to make sure that our friends know that goodcounsel has the capacity to take on larger, later-stage deals.
We were recently engaged by Harris D. McKinney, a highly regarded Chicago marketing and brand communications agency, to represent them in a strategic acquisition. It was a substantial transaction, and the seller hired a West Coast legal behemoth to represent them. If you think goodcounsel was outmatched, think again. Daniel Hoexter, Harris D. McKinney’s CEO, shares his view:
Working with Ken Obel on Harris D. McKinney’s recent acquisition of San Francisco-based Zoomedia was, without a doubt, one of the smartest decisions we made in 2013. Ken was extremely well organized, managed the process from start to finish, was very thoughtful, incredibly responsive and never dropped the ball. Additionally, he always kept his cool and provided tremendous insight, advice and guidance throughout the process, working both with our internal team and outside accounting firm. In the case of our deal, the seller’s counsel was a much larger firm, yet we always felt we were at an advantage with Ken on our side.
(I might add that we handled this work on a fixed-fee basis, so Harris D. McKinney knew exactly what the final legal bill would be.)
How can a small firm like goodcounsel stand toe-to-toe with an AmLaw 100 firm, and hold its ground? It starts with our approach, shaped by our experience both in legal practice and in business (not so common for lawyers). Technology innovations, the democratization of information resources, and changes in the structure of legal practice then allow us to assemble the right team and tools to bring our approach to bear in a wide range of situations.
Next time you are thinking about representation for a sizable or complex matter, don’t forget about goodcounsel. You might be surprised to learn what we can handle — and how much you could save.
In addition to our representation of early-stage companies, goodcounsel has a substantial practice representing individuals who are joining (or on occasion, departing) larger, established companies. If you know someone who is negotiating employment (or separation) terms, particularly where equity is on the table, you would do them a service to connect them with goodcounsel.
A recent post in the goodthinking! blog tells the story of a goodcounsel client who did not seek advice on the equity terms of his own startup, and regrettably, paid much too big of a price. Individuals and cost-conscious startups sometimes forgo legal advice as a cost-saving measure. I’ve been there, so I understand the thinking behind that. My view is simply that it is crucial to understand the risks involved in that decision — which can result in losing the value of months or even years of work, if one is unlucky. Give us a call before going down that road.
Law practice innovation
Innovation is at the core of goodcounsel’s mission. We continue to use every tool at our disposal to streamline our workflows, so that we can everyday work less expensive and focus our energy on complex client matters requiring creativity and analytical thought.
Innovation is not just about technology, however. When it comes to law, brevity and plain speaking are, unfortunately, surprisingly original. Goodcounsel strives to draft documents that accomplish more with fewer words. It is not unusual for us to deliver a 10-page document where our colleagues are relying on templates of 50 pages or more. Time is so precious these days; we don’t want to waste yours or ours.
2014: a year to reform your e-mail practices
On the subject of not wasting time, have you seen the “Email Charter?” Goodcounsel is committing itself to send fewer, shorter, clearer e-mails this year. Will you join us?
The year in goodthinking!
This newsletter may be “highly occasional,” but goodcounsel regularly posts shorter items of interest on the goodthinking! blog. Some highlights of the past year:
If there is a topic that you would like to see addressed in the goodthinking! blog, let us know.
We always appreciate the opportunity to share our views with a wider audience, and 2013 brought a couple of opportunities to do so:
Now coming to you from downtown
For some reason it didn’t make the news in the same way as Google’s move to the Merchandise Mart, but goodcounsel has also moved downtown, not far from the Mart. We now office at Industrious, an innovative co-working space catering to early-stage companies. (Please change my address in your records to 320 W. Ohio Street, 3rd Floor, Chicago, IL 60654.) It’s great to be closer to many of our clients, and we invite you to stop by any time to say hello — coffee and pastries on us.
Let’s celebrate this move… with an offer. One of our Industrious neighbors is custom men’s clothier, Blank Label. I was really impressed with the fit of the dress shirt they made for me. It’s remarkable that for the same cost as quality off-the-rack apparel, you can have clothing made to measure. Blank Label has kindly extended a $35 credit to friends of goodcounsel. You can purchase right on their website, after supplying your own measurements, or better still, after you come visit us, go down the hall to their showroom and let Paul or Makema measure you. (Schedule appointment here.)
Even as our practice enjoyed a banner year, we are keenly aware that it is still a tough economy for many people, here and around the world. A quarter of households with children in large cities struggle to put enough food on the table. Again this year, in lieu of sending cards and calories, goodcounsel has made contributions to the Greater Chicago Food Depository and A Just Harvest to help people close to home, and to the U.S. Fund for UNICEF to help children around the world who confront hunger, preventable illnesses, and violence. Please consider these and similar organizations for additional giving this season and year-round.
Share the love
If you found the information here insightful or even just a tad helpful, feel free to email it to a friend using the link at the top of this email. Better still, if you know people who might have a need for our services, send them our way. We are grateful for referrals. If we cannot serve their needs, we will help get them to the right place.
We wish you the best in 2014.