By now you know that many of our clients do work for venture capital firms and emerging companies. Being a venture-backed company ourselves, we like this space a lot. What we don’t like is seeing lawyers try to make that practice work without some important tools which make the practice more efficient and profitable.
The first, and really important, development in this area was the proliferation of model documents for Series A transactions by the NVCA. Then came the seed financing documents – some from TechStars and others from AngelList. But of course, form documents can only go so far. It still takes time to draft them and when these deals don’t bring firms a lot of money, they are often a sore spot on the balance sheet.
So when Brightleaf came along, we sought to add some efficiency to the game, but using technology to make drafting emerging company documents faster and smarter. Whether you’re on the company or the investor side, Brightleaf can help get documents done up to 80% faster than traditional methods. And if you’re a lawyer, that 80% time saved can lead to more deals getting done, more quality time with clients doing things they appreciate, and more business development efforts.
With all those benefits, why wouldn’t a firm use Brightleaf? We really don’t know. But if you’re not quite convinced, take a look at our new strategy brief, called “How Progressive Firms Are Using Document Automation to Speed Up Emerging Company Transactions.”
Sound interesting? We’ll happily send you a copy. Just say hi to Jeff Turner and ask him for one. You can find him at email@example.com. Or you can give him a call at 888.489.1800.