1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
Goldman Sachs to Settle Claims for $1.1 Billion
Goldman Sachs to Settle Claims for $1.1 Billion
10 Tips to Ensure Success in a Big Law Firm
10 Tips to Ensure Success in a Big Law Firm
Law Recruiter Gives 10 Reasons Why Firms Pick Fewer Older Attorneys
Law Recruiter Gives 10 Reasons Why Firms Pick Fewer Older Attorneys
Begin a New Career with LawCrossing
Begin a New Career with LawCrossing
Job Listings

Bay Area Law Firm Creates Equity LLP for Startups

“Equity LLP” has been created by the law firm of Britton, Silberman & Cervantez LLP from the Bay Area for startups. The program will offer startups “start to finish legal representation” so entrepreneurs do not have to pay high legal fees each month, according to Venture Beat.

For the past couple of years, one of the firm’s partners, Gil Silberman, has been campaigning that the firm pay attention to startups. “We were among the first lawyers to take the new Internet companies seriously, set up shop in South Park (a district in South San Francisco), and participate in the dotcom revolution,” he said. In the early days of LinkedIn, Silberman worked with the company. He also represented Craigslist prior to it becoming a company.

Silberman says that his background in the technology world puts his law firm at an advantage over some of the more established law firms out there today. “It helps me be very efficient and automate processes,” he said. “If an investor asks for a cap table or wants stock, there is no reason why a lawyer should have to open a dusty file cabinet.”

What

 job title, keywords

Where

 city, state, zip



Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


The applications for the first class of Equity LLP are still being accepted by the firm since the firm said it will not run until January. The program was modeled after other accelerator programs, such as TechStars and Y Combinator.

The law firm is planning to take just a small slice of the startups, with a goal of about two percent, which is below what Y Combinator takes at six percent. Equity LLP has been designed to be a program that stands alone and is for entrepreneurs who have already graduated from a traditional accelerator.

The first class for Equity LLP will be given the full range of legal representation and the target of the program is early-stage startups.

“For entrepreneurs, we are trying to find a way to reduce the cost and risk up-front,”  Silberman explained.

Bay Area Law Firm Creates Equity LLP for Startups by

Tagged: , , ,

Posted by on November 22, 2012. Filed under Home. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Real Estate Associate
USA-TX-Dallas

Our client is a north Dallas law firm who seeks a Real Estate Development Associate.  The ideal candidate will have 2-4 years law firm experience concentrated in representing real estate develope...