Before You Go In-House: Diligence!
Surely every corporate attorney has been tempted by the siren song of generational wealth creation opportunities happening before their eyes at client firms. As well paid as top AmLaw firm attorneys are, their remuneration pales in comparison to the order-of-magnitude gains from equity appreciation at successful early- and growth-stage firms.
The problem is, that’s only the reward of the story. Risk comes first, reward after, and any evaluation of the risks of going in-house should clearly elucidate the risk/reward ratio.
In this case study, Bantam CEO Jack Duval unpacks an actual in-house move that didn't go well, and what could have been done to avoid it.
You can download the case study here.