PAKCon 2020: Backstage with Benjamin Ullrich

TL;DR

Lawyers discuss the relevance of law in the future, the growth of their law firm, and the importance of ESG in venture capital.

Transcript

we we're going to come back to esg in a minute because i think that's actually something that's that's quite uh relevant to a lot of people and the the direct link to law is not it's not i mean yes it becomes obvious if you think a little bit about it but it's not obvious from the beginning but let's talk a little bit about about you and probably a... Read More

Key Insights

• 👮 Strategic advice and expertise will remain crucial in law despite automation trends.
• 👮 SMP law firm's success is attributed to culture, client focus, and specialization in corporate law.
• 👮 Startups should consider multiple law firms, seek referrals, and prioritize trust and fit for legal partnerships.
• 📈 ESG is gaining significance in venture capital, offering financial benefits and aligning with industry trends.
• ❓ Focusing on corporate governance and ESG practices can improve company performance and attract investors.
• 🏑 The legal field is evolving, with ESG becoming a key factor for growth and societal impact.
• 🖐️ Expertise in ESG will play a vital role in various industries, including venture capital and law.

Questions & Answers

Q: Is studying law still a relevant career choice in the age of AI automation?

While some tasks in law may be automated, strategic advice and complex legal matters will still require human expertise, making law a relevant career choice for the future.

Q: What factors led to the rapid growth of SMP law firm?

SMP's emphasis on culture, flexibility, and building a client-centric organization, along with expertise in corporate law, led to rapid growth and client satisfaction.

Q: How can startups find the right law firm at different growth stages?

Startups should seek referrals, consider specialized boutique firms, and prioritize establishing trust and a good working relationship with law firms based on their needs and growth stage.

Q: How can companies benefit from focusing on ESG in venture capital?

Companies can attract ESG investors, enhance their financial performance, and align with industry trends by integrating ESG practices, which can also serve as a business case for fundraising and growth.

Summary & Key Takeaways

• Career advice for studying law and its relevance in the future, focusing on strategic advice and tasks automation.

• SMP law firm's rapid growth and client specialization in corporate, M&A, and venture capital.

• Recommendations for startups on finding the right law firm, benefitting from ESG, and preparing for impact funds.