#in-house-legal

#in-house-legal

Nick Fleisher learned that the hard way at McKinsey, where he helped elite law firms roll out tech tools, often with little enthusiasm from the lawyers expected to use them. "It was like pulling teeth," Fleisher said. That work led Fleisher to leave McKinsey and start a company in August. His startup, Sandstone, is aimed squarely at in-house legal teams instead of law firms, and Sequoia Capital is backing the idea.

Menlo has elevated Carrillo, its general counsel and only in-house lawyer, to partner after nearly six years with the firm - a rare distinction inside a venture fund. Carrillo's promotion suggests the role of the legal department is shifting in the venture industry. Carrillo said she's at the table for weekly partner meetings where they pitch deals and bat around ideas.

"The customer's perception is your reality." - Kate Zabriskie To paraphrase what's often been said about getting outside lawyers to change what they are doing: It's hard to tell a room full of millionaires the way they're doing things is all wrong. Be that as it may, a new study by the Association of Corporate Counsel and Everlaw could spell trouble and be harbinger of change for outside lawyers.

AI is already replacing my job without firing me (for now). Legal executives expect the work of in-house legal teams to start and end with AI tools. This expectation makes sense given that a key role of legal executives is to use legal costs efficiently, and AI tools have the most appealing potential to reduce time and costs on research, contract drafting, case management, providing guidance, and other projects.