I will begin with a look inside the history of entrepreneurship and its rise and decline throughout various times in our country’s history. I will then shift the focus towards the history of startup companies and what the modern trend is today in startups. After laying the foundation for startups, I will look into the complexities of creating a startup company and looking at the role that attorneys play in the lifetime of startups. From there, I will dive into the history and trend of lawyers who have invested in their client’s companies - through direct investment or bartering by trading services for equity - and how the views on this practice have changed over time. I will then summarize the comment by analyzing the modern trend in today’s startup and legal market and will offer my opinion on the future of attorney’s roles as both a startup’s counsel, as well as their potential investor.
Drawing the Line: Can Lawyers Invest in Their Client's Business Without Crossing an Ethical Line?,
13 J. Bus. Entrepreneurship & L.
Available at: https://digitalcommons.pepperdine.edu/jbel/vol13/iss1/3