LawGeex “Ups the Game” in Automated Document Review!

We’re so excited about the great review we just got on Law Practice Manager:  The Forum for Legal Managers.

The site is a new (as of February) resource for managers of UK law firms.

The article, entitled Rise of the Robolawyers: LawGeex, notes that

Automated lawyer services are live, up and running and gaining in credibility through highly satisfied users and scientific studies which have analysed what lawyers do, and found that much of our hard work could be replicated with A.I.

The author also notes that: Read More

The Oculus Rift Debate – Should You Trust Their Terms of Use?

The debate is on. The gloves are off. Both the Oculus Rift and HTC Vive have now been released, and the fanboy camps are forming. While the comparisons, evaluations and assessments are pretty balanced, Vive seems to ranked slightly higher for quality and experience, while Oculus is proving to be more bang for the buck.

But being LawGeex, we’re more concerned about how the legal terms stack up.

We’ve reviewed the HTC terms, which date back to 2011, and they appear pretty plain vanilla. The big uproar has come from the Oculus terms, which we have investigated and explain below.

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Getting a Piece of the Action – Equity in Employment Contracts

Employees below “C level” (CEO, CFO, etc.) are unlikely to get rich on their salaries alone.

The more usual way to make serious money from a job is to get some form of equity-based compensation.

Employee equity is often granted via an Employee Stock Ownership Plan, or ESOP. About 7,000 companies in the US have such plans, and more than 13 million employees benefit from them. Read More

Why You Need to Review Your Employment Contract

So you’ve just been offered a job. YAY!

You COULD just sign your employment contract, then head out to upgrade your collection of business-casual khakis.

Or, you could actually READ it.

Ick, you say. Why ruin a new-job buzz with all that boring legalese?

After all the job hunting, resumes, and interviews, why rock the boat now?

Here’s why: Read More

LawGeex CEO’s Guest Blog on Fundraising Tips for Startups

We’re honored that EvolveLaw recently ran a guest blog on fundraising issues for startups from our CEO and Founder Noory Bechor.

Noory’s looked at startups from both sides – initially as a lawyer for venture capitalists and other investors, and now as the CEO of LawGeex.

As Noory writes:

According to the management maxim known as Miles’ Law, “where you stand depends on where you sit.” I.e., we naturally tend to see things from the perspective of the position we occupy, and have to work harder to see things from another perspective.

 

If you’re a start-up founder, it’s helpful to know how your version of reality diverges from the view of potential investors – and their lawyers. You can be more effective as a negotiator if you understand the other side’s goals and fears as well as your own.

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The Most Awesome Legal Terms on the Interwebs!

Most people (roughly 88%) don’t read terms of use and privacy policies for three reasons:

  • They’re written in incomprehensible legalese.
  • They’re boring as hell.
  • What’s the point? You’re still going to use the site regardless…. right?

We used to have the same awful website terms as everyone else. Our users rightly pointed out that this didn’t exactly fit with our mission of empowering people to make better legal decisions by (among other things) using plain English. Read More

Does Your Terms of Use Actually Protect Your Startup?

Scroll down to the bottom of pretty much any website and what do you see?

Among the other small-font links, you’ll probably find something labeled “Terms of Use,” “Terms of Service,” “Privacy Policy,” or just “Legal.”

When you’re launching a new business website, you know that you need something like that yourself. All the other websites have this stuff, so it must be important – right?

But what does all that legal mumbo-jumbo actually mean?  And will it really protect your business?

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How to Train Your Lawyer

Legal training doesn’t end in law school. Every client continues a lawyer’s training – for better or for worse.

Your lawyer may already be well-trained, or may have picked up some bad habits over the years. You may need to break those bad habits, or you may have a new lawyer who hasn’t been properly “broken in” yet.

Training a lawyer might seem like a lot of effort, but it shouldn’t take all that long and it’s well worth it. A well-trained lawyer can save you time, money, and frustration.

Here’s how to do it, with a focus on contract review. Read More

Smarter New Year’s Resolutions for Your Startup or Small Business

People routinely make New Year’s resolutions, and just as routinely break them before January is over.

How can you make resolutions for your startup or small business that you can actually stick with?

Habit-Forming

Some resolutions are one-shots: this will be the year you lose 20 pounds, finally get the new website up, or find new office space.

But other resolutions involve habits you need to make or break:  more exercising, less procrastinating, or writing a blog every week.

To help yourself make or break habits, it’s helpful to know how habits work and how you can use them to your advantage. For example, check out Gretchen Rubin’s new book Better Than Before: Mastering the Habits of Our Everyday Lives.

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5 Smart Ways to Use Post-Xmas Downtime to Improve Your Business

Unless you run a retail store, a pizza delivery service, or a bowling alley, the week between Christmas and New Year’s (also known as WAC – the “week after Christmas”) is probably the slowest, quietest time of the year for your startup or small business.

About 26% of businesses, small and large (such as Oracle), shut down entirely for all or part of the week.

But in between lounging around, watching football, and eating leftovers, you might want to take a few hours – or a few days – to do some “low priority” (but high-value) tasks that can get your business off to a good start in the new year. Read More