Wilson Sonsini revolutionizes startup practices with a technology-powered platform

Overview Company Law Firm In-house developed platform “combining automation and legal expertise” 400 lawyers start-up practices are at the core of the company

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(Reuters)-Wilson Sonsini Goodrich & Rosati is a new software platform that streamlines and automates legal needs throughout a company’s life cycle, rocking the way the company serves startup clients.

The Palo Alto-based company touted a new service (called Neuron) on Wednesday as “a new kind of technology-enabled legal service.” Through Wilson Sonsini’s start-up practices, clients can use Neuron to manage information and documents more quickly and get advice on everything from incorporation to financing to capital management.

Raj Judge, co-chair of the company’s start-up practices, said the platform combines automation with legal expertise.

The judge said the shift “paradigmically changes the way we provide legal services.”

He makes the platform “a neural center that helps everyone communicate with each other and organize all information into a single source of truth, so everyone has the same information immediately, 24 hours a day, 7 days a week. It’s available and nothing is interrupted. It’s happening on one end and the other. “

The judge said a Silicon Valley company known for representing startups and technology clients has been working on projects in-house for several years. The company’s core business practices, which have more than 400 lawyers worldwide, advise companies such as Google, Lyft Inc, Netflix Inc, DoorDash Inc, and Tesla Inc, the company said.

The platform was developed in-house and is separate from the company’s technology subsidiary, SixFifty. Wilson Sonsini’s Chief Innovation Officer, David Wang, emphasizes this difference by allowing SixFifty to automate and “commercialize” legal expertise, while Neuron enables the company’s services to be delivered digitally. Did.

Wang said he had never seen a platform like Neuron from another major law firm. The automated aspects of the platform include data entry, document filing and storage, but lawyers can provide personalized advice to clients.

Law firms aim to provide their clients with technology-enabled solutions through partnerships with technology companies, new in-house products, or subsidiaries. Companies are also focusing on internal innovation.

Wilson Sonsini signed a contract with Morgan Stanley in February to allow law firms to move their market capitalization software to one of the banking platforms.

Prior to Neuron, the judge pointed out that the process of setting up a company could include email and telephone conversations about all the details. On the new platform, clients enter password-protected systems, answer questions, and respond to automated requests for more information. When the platform captures the information, a document is created for comments and reviews, after which the document is returned for signature, he said.

According to the judge, the system has gone through alpha testing and a beta period with the company’s customer base.

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Sarah Marken

Sara Merken reports on privacy and data security, as well as legal business, including legal innovation and leading companies in the legal services industry. Contact her at [email protected]

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