Legaltech entrepreneur: Difference between revisions

}}A former managing associate from ''Latham & Watkins'' who, tiring of proof-reading [[confidentiality agreement]]s at 2:30 am, has realised there must be a better way of earning a living — this much is certainly true — and has concluded that it will be by designing some software than can do that job instead. So, armed with some ropey javascript commissioned from [[School-leaver from Bucharest|a “developer” in Bucharest]] he found on “the dark web”,<ref>I.e., Firefox in incognito mode.</ref> she has embarked on a glorious new business career as a “[[vendor]]”.

:(a) it is ''very'' easy to impress a [[general counsel]] with any [[technology]] more sophisticated than a pop-up toaster — all you do is say, “it runs on [[blockchain]]”;

:(b) the potential revenue, if you can sell your WordPress installation to any significant participant in the [[financial services]] industry is out of all proportion to the value the software could possibly deliver, but this doesn’t matter as long as the [[general counsel]] thinks it runs on [[blockchain]] and the [[RAG status]] for innovation in the ManCo [[deck]] is therefore green, since it will be the poor lawyers who will get it in the neck when it turns out to be utterly useless;  

Before you can say, “[[software as a service]]” you’ll be rocking brush-cotton check shirts, living out of a ''WeWork'' broom cupboard in Shoreditch while you angle for a place in Fuse and doing your own [[LinkedIn]] podcasts to the rapturous acclaim of ''other'' [[reg tech]] entrepreneurs.