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by gumby
2354 days ago
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> Yes, boilerplate forms for repetitive use cases seems like it should be a thing, but in my experience building businesses, every lawyer I have dealt with has found any reason possible to have custom documents. Good lawyers in the Valley should indeed be giving startups the boilerplate for free, not charging for board meetings, not charging for the partner time (not that you’ll get much — or need it) but charging for associate time. This is what I’m used to and expect, whether Gunderson Dettmer, Cooley, Orrick etc. From startups they make the money on the financing even though those docs are mostly boilerplate too. Oh no billable hours until you get a term sheet. Then if you get big they also make the big bucks, especially on exits. But it’s not worth chasing the scraps of billing from startups. I mean how much lawyering do you typically need in the first couple of years anyway? |
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