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Venture Capital Lawyers

History

Venture capital partners have always needed lawyers to help draft legal agreements, negotiate investment terms, and otherwise represent their interests. Until the mid-2000s, only the largest VC firms with more than $1 billion in assets under management had in-house attorneys. Most medium-sized and small firms had an in-house chief financial officer or hired law firms to handle these issues. In the past decade or so, this has changed because technology is becoming more complex, regulation of the industry is increasing, and managing partners have realized that by bringing on chief legal officers to handle legal issues they can free themselves up to focus on what they’re good at—the business side of the industry—rather than three-hour conference calls with opposing attorneys over legal minutiae.