It wasn’t too long ago that lawyers faxed documents and rushed to beat shipment deadlines. Now, everything is done electronically and on-demand, and modern lawyers have to leverage technology to keep up and be efficient. Goodwin uses a variety of new technologies across its practices, such as Founders Workbench, Shoobx, litigation discovery and contract review products, knowledge management and other solutions that enhance the practice of law and the business of law. We try to think like our clients (and use their products!). The best legal technologies streamline and automate processes and create efficiencies. Founders face problems that require market sophistication and counselors who can listen to their concerns and help them come to business-minded conclusions. We’re proud to say that Shoobx is a Goodwin client and a perfect example of innovation that’s a win-win for both the lawyer and client. Shoobx is a terrific case study in how technology is driving advances in the legal community.

The questions you ask when choosing a lawyer for your company are key, especially given the continually evolving market. Here are some suggestions:

What other businesses have you worked with in my company’s industry?

What is your fee structure, and how do you work with startups that have not yet raised capital?

Do you have the resources and bench of experts that my company will need so that your firm can scale with my business as it matures?

How has your firm been innovative in its practice and working with clients?

Tell me about your firm’s platform, connectivity and the extent of its global reach.

As soon as you have technology or IP relating to an idea that you want to develop and commercialize. It is particularly important if you have multiple individuals in the mix. Our team can help you with business formation and planning so you can get the technology into a company and limit your personal exposure with the protection of a legal entity. It’s also important to get your founder stock issued as early as possible while its value is low. With new and changing tax regulations, sophisticated counsel can help you set your new company up for success, especially when it comes to executive compensation and team alignment and retention. If financing is on the horizon, a good lawyer can also help you think about fundraising strategy. All of these topics are much easier to deal with sooner rather than later.

Your lawyer should be a true partner to your business. You should expect the highest quality legal service and a firm that invests time to learn about your business and provide value – this is Goodwin’s service excellence mission. Knowing how to manage yesterday’s problems is easier than dealing with today’s business challenges. Goodwin lawyers think and work proactively and we embrace clients that do the same.