It’s the middle of a recession. Law firms have been falling apart left and right. Not a great time to start your own shop, right?
But Laura Peter, former GC at Immersion, has just launched her own legal biz called Global General Counsel and says it’s the perfect time.
“It hits the niche of these particular times where the smaller companies can’t afford to spend the bazillions but still need high-quality legal work,” Peter told Legal Pad on Tuesday.
Peter is targeting smaller tech companies that can’t afford a general counsel and don’t want to pay big-firm rates for all their legal services. She’ll be like an “outsourced general counsel,” billing at the rate of a senior associate or junior partner at a big law firm.
An IP lawyer by trade, Peter left San Jose’s Immersion earlier this year as the company changed management and started to veer away from its focus on IP litigation. Before that she was an in-house lawyer at other companies in the Valley.
So how’s the business faring in its first few weeks of existence? Peter said she’s got a “few nibbles,” but expects business to pick up after the holidays.
— Zusha Elinson