- On July 18, 2020
Big firms train their associates to analyze complex matters and completely mitigate risk. These big-firm trained lawyers often go in-house and face a different set of expectations. A Silicon Valley exec who has worked at VC-backed startups, private family-owned and public Fortune 100 companies broke down for me what he is looking for from in-house lawyers:
- What is the potential opportunity, and is it worth it? Help make the economic case for whatever decision.
- What are the gray areas so we can make a risk-based decision? What are the consequences and potential outcomes, from likely to unlikely
- How can we protect the company as it pursues its business goals (making money, delivering products, etc.)?
In summary: do not give the most conservative advice to avoid being held responsible later. Instead, know the goal of the client and explain in simple English the framework how to get there.