[meriksson]

TL;DR: Since dealing with high-end lawyers is often tough, contract someone to do it for you.

At my company we went through a handful of lawyers, mostly from big firms. We were extremely unhappy with the experience, especially since we did not seem to get reasonable value for our money, ours being a very small account for any established law firm.

Eventually we found a solution that was perfect for us. We now work with a freelancing lawyer who caters to startups and is an absolute joy to work with. He does all kinds of stuff on his own, kind of like our own part-time in-house legal council, but the big thing for me is that he can decide when we need some more muscle (i.e. big law firm, specialist in some type of law), and then we pay him to find, subcontract and manage all contacts with other lawyers.

I can not extract anywhere near maximum value from an expensive lawyer - this guy has a much better shot at it. As the CEO, I save a lot of time and anguish by only ever speaking to one lawyer, and the most pleasant one I've met at that.

If you want to get in touch with my legal guy - based in Stockholm, Sweden - ping me and I'll send you his contact information.

[veidr]

This is such awesome advice. Find and hire one good lawyer, who the deals with all your other lawyers.

It might not apply if your investors have their own legal muscle that they can introduce. But, if you are <10 employees, it is insanely expensive (manpower-wise) to deal with finding, retaining, and managing decent legal counsel (to say nothing of replacing them due to a sudden conflict of interest, when you unexpectedly find yourself facing a huge firm like Apple/J&J/Halliburton/etc, who seemingly contract 99% of all law firms).

[oregonspanish]

Do you think that other startups would be interested in this type of in-house counsel-as-a-service?

This would give teams the benefit of having single source that knows all your issues and goals, but could also negotiate effective rates with specialists.