Three ways startups can cut legal fees in half

A reader asks: We launched our company about six months ago, and we’ve been using a big Silicon Valley law firm to handle the legal work. The problem is, we’re getting killed with the fees. We just closed a $250,000 convertible-note financing, and the bill was almost $13,000. When I reviewed the invoice, I saw the partner was billing us at $740 an hour, a senior associate at $595 an hour and a junior associate at $350 an hour. We like them and think they’re doing a good job, but we just can’t pay this much for legal work. Could you please give us some advice on what to do?

Four deadly legal mistakes startups make

A reader asks: My co-founders and I are working on a cool new site, and we’ll be ready to launch in a few weeks. I’ve been reading a lot on the web about incorporation and other legal stuff. We have no money, so we’re going to do the legal ourselves. Assuming we might mess something up, are there any mistakes that can’t be fixed down the road? We know that once we get money in we can clean things up, but we’re worried about mistakes that just can’t be fixed. (And please don’t tell us to hire a lawyer.)

What makes a great entrepreneur?

(Editor’s note: Scott Edward Walker is the founder and CEO of Walker Corporate Law Group, PLLC, a law firm specializing in the representation of entrepreneurs. He submitted this column to VentureBeat.)

The four most common IP mistakes

(Editor’s note: Scott Edward Walker is the founder and CEO of Walker Corporate Law Group, PLLC, a law firm specializing in the representation of entrepreneurs. He submitted this column to VentureBeat.)

What’s wrong with an LLC?

(Editor’s note: Scott Edward Walker is the founder and CEO of Walker Corporate Law Group, PLLC, a law firm specializing in the representation of entrepreneurs. He submitted this column to VentureBeat.)