Share to Twitter Share to Linkedin By Feruza Djamalova, co-founder and senior business immigration lawyer of Sobirovs Law Firm . Entrepreneurs are a powerful force driving innovation and economic growth. They take risks, create jobs and are the backbone of the Canadian economy. Thousands of entrepreneurs, startups and business owners enter the Canadian market every year. As business immigration lawyers, we work with entrepreneurs from all around the world and observe their strenuous journey to create and operate a business in Canada. During this journey, they face many unique obstacles that I call "the four challenges of immigrant entrepreneurs” in Canada. In this two-part article, I'll walk you through these challenges and provide some suggestions on how to overcome them. It is important to note that I will focus on a very specific type of entrepreneurs—entrepreneurs and investors seeking to establish small and medium businesses in Canada … [Read more...] about Part 1: Four Challenges Of Immigrant Entrepreneurs In Canada And How To Overcome Them
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Share to Twitter Share to Linkedin Getty Royalty Free Getty How will the legal industry be affected by the next recession? The thought came to mind several times recently as the stock market recorded its worst December since the Great Depression . Stocks have rebounded during the early weeks of 2019, but political turmoil at home; Brexit and its chaotic implications for the UK, Europe, and beyond; the slowing Chinese economy and the threat of a U.S.-China trade-war; and other destabilizing factors remain. So too does the question of what happens to legal providers when the other shoe drops again. The Impact of 2008 One way to predict the future is to examine the past. How was the legal industry affected by the events of 2008 and its aftermath? Ten years after the collapse of Lehman Brothers and the global financial crisis it precipitated, the contours of today’s legal landscape remain superficially similar to the pre- 2008 marketplace. … [Read more...] about How Will Legal Providers Be Affected By The Next Recession?
Share to Twitter Share to Linkedin Shutterstock Axiom, a legal staffing-turned-technology company, recently announced a five-year deal with Johnson & Johnson (J & J) to provide multi-shore contract management services to the pharmaceutical giant. Axiom will support J&J’s global procurement contracting function, helping to standardize its vast trove of procurement agreements across a dozen contract types and 10 languages. This is not Axiom’s lone big dollar, long-term contract with a major corporation. A couple years ago, it inked an eye-popping $73 million deal with Credit Suisse to process the bank’s “master trading agreements.” Axiom’s metamorphosis from staffing to technology is emblematic of the maturing face and changing focus of legal service providers. They have come a long way since the early days of staffing and legal process outsourcing (LPO). The first generation of sourced work performed outside law firms involved … [Read more...] about Automated And Agile: The New Paradigm For Legal Service
Share to Twitter Share to Linkedin Shutterstock Lawyers are taught to strive for perfection. That means crafting impeccable memoranda with more-than-ample precedent, syntactical precision, and just the right number of erudite footnotes. That’s great if one is submitting a brief to the Supreme Court, but it’s overkill if the forum is Small Claims Court and a pro se litigant is on the other side. Voltaire cast perfection this way: ‘The best is the enemy of the good.’ Not all matters merit the time—and cost—of perfection. Sometimes good is good enough. Lawyers only recently received the memo, and many have failed to read it. While attorneys have an ethical duty to provide competent and zealous representation, that does not mean that a ‘scorched earth’ approach is presumptively warranted or that lawyers are the default resource for all tasks they define as ‘legal.’ Legal Practice and Legal Delivery Are Two Different Things Lawyers parse words … [Read more...] about When Good is Good Enough: Finding The Appropriate Legal Delivery Resources
Share to Twitter Share to Linkedin Shutterstock Shutterstock I was recently invited by the ABA to address a group of General Counsel on “Lawyers as Guardians of Business Integrity and Conscience of the Company.” The topic was chosen because of a spate of high-profile scandals and regulatory imbroglios that resulted in no small part from the failure of GC’s to discharge the guardian/conscience role. General counsel—and large corporate departments-- are law’s petri dish. They are reconfiguring the boundaries and expanding the expectations of what it means to be an effective corporate lawyer. Ben Heineman, Jr., an in-house pioneer who helped redefine the GC role—and corporate legal departments-- during his years at General Electric, remarked that GC’s play ‘offense and defense. He was referring to their dual, often-conflicting roles as enterprise defenders and business partners. Successful negotiation of the two demands superior … [Read more...] about General Counsel: Guardian and Conscience of The Company
Share to Twitter Share to Linkedin Shutterstock Law is seldom associated with entrepreneurs. Lawyers are a cautious bunch focused on precedent, risk containment, and tend to be reactive—not innovative. Entrepreneurs are a different breed. They create new business models in response to market voids, deploying risk capital to achieve customer satisfaction and scale. Entrepreneurs require passion, knowledge, vision, process, resources, expertise, execution, results, performance metrics, constant improvement, collaboration, transparency, scalability, and access to capital. A raft of entrepreneurs is entering the legal space. They are tapping into latent demand for access to legal services as well as expertise-differentiated, efficient, cost-effective, predictive, digitized, and scalable legal products and services for corporate legal buyers. Entrepreneurs are melding legal, technological, and process expertise—and capital—to reengineer legal delivery … [Read more...] about The Golden Age of The Legal Entrepreneur — Why Now and Why It Matters
Share to Twitter Share to Linkedin Jeremy Liew thought he’d be one of the world’s leading mathematicians when he grew up. He’ll have to settle for one of the best consumer technology portfolios in venture capital investing instead. In his native Australia, Liew was selected to represent his country in the international mathematical Olympiad in his senior year. As one of the top six students in the country, Liew felt pretty confident in his skill. Then he met a teammate who was four years younger. “He wasn’t 30 percent better than me, he was 30 times better,” Liew says now. “I thought, oh, that’s what good looks like. Maybe I should try something else.” Lightspeed Venture Partners is glad Liew did. The first investor in Snapchat, Liew is also behind Jessica Alba’s billion-dollar startup The Honest Company, ecommerce darling Bonobos, anonymous social networking app Whisper, valet service Luxe and more. Here’s how Liew's own career experiences have helped him … [Read more...] about How Lightspeed VC Jeremy Liew Looks For The Next Bonobos And Snapchat