Juro, the contract collaboration platform, has launched the 2020 Tech GC report, in partnership with Wilson Sonsini, the leading global law firm for high-growth tech companies.
The report is based on conversations with GCs, CLOs, and senior legal leaders at 30 high-growth tech companies.
It explores in depth the challenges they face in adding value to the business; their main concerns with contracts and technology; and how the global pandemic has impacted their ways of working.
According to the data, more than 50 per cent of lawyers are focused on adding value to the business as a top priority, but 67 per cent feel ‘buried in low-value work’.
53 per cent of respondents said that the global pandemic had a significant impact on legal’s priorities, with communication and changing business priorities amongst the biggest challenges to be overcome. The report also explores the key risks they foresee for 2021.
To download the full report, click here.
Daniel Glazer, managing partner of Wilson Sonsini’s London office, introduced the report. “Having itself scaled through the ups and downs of Silicon Valley over the past 60 years, Wilson Sonsini is proud to support technology companies and their in-house lawyers as they navigate the path forward, and to partner with Juro to help provide insight as to the current state of that journey.”
Richard Mabey, Juro CEO and co-founder, said: “In this constantly changing environment, tech GCs’ role as trusted advisor is perhaps more important than ever before. This report truly captures the adaptability of our high-growth tech companies’ legal leaders as they continue to navigate this unchartered territory and add value to the business.”
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