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How does extreme focus on alignment fuel long term growth? At Orrick, they do fewer things better, focused on alignment for growth gains. Hear Chairman and CEO Mitch Zuklie and their hyper vigilance on Orrick's strengths at the world's 5th largest law firm. Focus started with their own people, retaining their talent. Listen to Orrick's story on using the transformative alignment methodology as outlined in Aligning the Dots.
Success Made to Last Legends of Business with Mitch Zuklie. Chairman of Orrick and a partner in the firm's Technology Companies Group. I have the privilege of working with a great team at a great law firm. Our focus is technology & innovation, energy & infrastructure and finance. In my law practice, I counsel innovative companies at all stages, working closely with their founders, boards, advisors and investors. I help companies and investors in financings, public offerings, mergers, acquisitions and technology transactions. Tell us about your favorite mentors in life and how they positively influenced you.What is your new definition of success, post Covid 19? As a leader, how did you learn to say no? Can you describe your relationship with fear and how do you manage fear in your career and personal life? In Philippe Bouissou's book Aligning the Dots, he states that the key to alignment with your customer is to clearly define and control the expected delight. Further- the difference between the received delight and expected delight will dictate how much growth contribution can be realized. Please share a story of a company that understood the vital importance of alignment and grew beyond expectations. And provide an example of a company that was misaligned and never unleashed its full potential. If you could live another 100 years, what would you want to accomplish? Become a supporter of this podcast: https://www.spreaker.com/podcast/success-made-to-last-legends--4302039/support.
Mitch Zuklie, Chairman and Chief Executive Officer of the law firm Orrick, shares how narrowing an organization's objectives into just a few key areas can make an enormous difference in terms of innovation, marketing, hiring, and creating an operating game plan. Zuklie also discusses the two key criteria — grit and teamwork — that his firm applies when evaluating talent. Learn about beta-testing legal technology, attributes that make an effective leader, and the ways Zuklie applies the principles of saving wild salmon to the operation of a legal professional services firm. Hosts: Lavinia Calvert & Deborah Farone Co-Producer: Katelin Zweifel-Korzuchin & Brit Nowacki Audio Engineer: Nikki Rasmussen Editor: Jessica Penfield
How should law firms react during these turbulent times? Law Technology Now host Ralph Baxter sits down with Mitch Zuklie, CEO of Orrick, to discuss how attorneys can lead and manage their law firms during a pandemic. Mitch explains how it’s important to pay attention to how you respond internally as well as the impact your clients will face while delivering services to them that are relevant to the crisis. He suggests law firms should develop plans and be prepared for uncertain times, but not to overlook the opportunities these moments provide, like permitting your firm to accelerate client relations and prioritize innovation. Times like these are tough to deal with, but Mitch reminds listeners that when the market is back up, there will still be work for everyone. Mitch Zuklie is the chairman and CEO of Orrick. Special thanks to our sponsors, Headnote and Logikcull.
How should law firms react during these turbulent times? Law Technology Now host Ralph Baxter sits down with Mitch Zuklie, CEO of Orrick, to discuss how attorneys can lead and manage their law firms during a pandemic. Mitch explains how it’s important to pay attention to how you respond internally as well as the impact your clients will face while delivering services to them that are relevant to the crisis. He suggests law firms should develop plans and be prepared for uncertain times, but not to overlook the opportunities these moments provide, like permitting your firm to accelerate client relations and prioritize innovation. Times like these are tough to deal with, but Mitch reminds listeners that when the market is back up, there will still be work for everyone. Mitch Zuklie is the chairman and CEO of Orrick. Special thanks to our sponsors, Headnote and Logikcull.
It’s been five years since Mitch Zuklie took the helm at Orrick, Herrington & Sutcliffe. What’s surprised him most, he says, is the pace of change. On this week's podcast, Zuklie talks about Orrick's strategy, its approach to innovation, the impact of #MeToo, and why raising associate salaries is the wrong prescription for attracting young lawyers. Legal Speak is brought to you by Econ One, offering economic expertise, consulting and dispute resolution, and data analytics.
Law firm leaders from Wilson Sonsini and Orrick were joined by in-house leaders from Workday and Malwarebytes to talk about the state of the legal industry at this month's Big Law Business Summit-West. This episode of the our podcast was recorded live at the Summit. The panel was moderated by Michael Hytha of Bloomberg News and includes Ed Brown, Vice President and General Counsel, Malwarebytes; Katie Martin, Chair of the Board, Wilson Sonsini Goodrich & Rosati; Jim Shaughnessy, Senior Vice President, General Counsel and Secretary, Workday; and Mitch Zuklie, Chairman and CEO, Orrick. Big Law Business https://biglawbusiness.com/ Subscribe to the Big Law Business podcast on iTunes. itunes.apple.com/us/podcast/big-l…d1074067483?mt=2 Want to receive more stories like this in your inbox every morning? Subscribe to our daily newsletter! about.bna.com/big-law-business-newsletter Podcast Sponsors DMX www.epiqsystems.com/how-we-help/edi…covery/dmx-demo Bloomberg Law www.bloomberglaw.com
FounderLine is a live weekly webcast devoted to helping startup founders succeed, hosted by seven-time startup entrepreneur and investor Joe Beninato. Each week, Joe welcomes an experienced entrepreneur or investor to discuss startup-related topics and field questions from entrepreneurs around the world. FounderLine is broadcast live, and viewers are welcome to send questions via email or twitter. For more information, go to founderline.com. In this episode, host Joe Beninato and guest Mitch Zuklie of Orrick answer viewer questions including:- I am starting a company and trying to choose between creating an LLC vs. a corporation. Can you please explain the pros/cons?- What are some common patterns you've observed in the successful founders you have met throughout your life?- You hear about startups getting tangled up fighting frivolous lawsuits, can't raise money because of the suit, and end up settling or shutting down. What can be done to protect your startup from shakedowns like this?- There have been many stories of founder/CEOs who have been replaced by a so-called "professional CEO." In your experience, what are the main reasons this happens and how does this work out for the company?- It seems that 3 possible funding mechanisms are equity, convertible debt and the YC SAFE. Can you talk about why you might chose one over the other?
In this episode, host Joe Beninato and guest Ann Miura-Ko of FLOODGATE answer listener questions including: - How does a CEO balance his/her time given the several responsibilities/opportunities? - FLOODGATE seems to focus on business plans through referals that you trust. Why is that? How can somebody with a great product idea and great credentials get noticed? - If the company that I'm working at does a bridge loan, what does it mean? Do they have to tell their employees when they do a bridge loan? - I am having a disagreement with one of my investors over where to take our company (strategy-wise). Any suggestions on how to best navigate this? - What is the #1 reason startups fail? How do you avoid that issue? In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses the concerns of student entrepreneurs.
In this episode, host Joe Beninato and guest Heidi Roizen of DFJ answer listener questions including: - What tools are there for women entrepreneurs? What tools are missing that would help most? How can we get more women founders in Silicon Valley? - How important is the state of incorporation? There seems to be an investor preference for Delaware. Is that generally preferred or are there other good choices? - I'm a designer at a public Internet company and would like to become a startup founder. What advice would you give me for finding the right idea and partners to work with? - How does DFJ make investment decisions? Do all of you have to agree to invest in a company? - I've noticed is that all these Venture Capital companies have all their details online but no email address to contact them. How do they get to know the viable start ups on the market? In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses structuring a partnership between a start-up and a larger company
FounderLine host Joe Beninato and guest John Lilly of Greylock Partners answer listener questions including: After a startup like Tumblr or Instagram is acquired, do you still stay involved and help the founders? How many startup pitches do you receive every day and how many of those do you respond to? When Greylock makes an investment, does the decision have to be unanimous? What if one of more partners disagree? When you're deciding how to invest, what are the relative importances of the problem space, the founders, and the team? I'm a successful entrepreneur interested in moving to the VC side. What's the best way to do this? In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses acquisitions
FounderLine host Joe Beninato and guest Karl Jacob of Hangtime answer listener questions including: How many angel investments do you make each year and what are the deciding factors when you make those investments? We've raised $1 million in seed funding, but are running low on cash and having trouble raising more money. Any advice on the best way to do this? What are some of the lessons learned at Hangtime in becoming a viral social app? How do you take a social mobile company to profitability? What's the most difficult situation you've ever faced as a founder/CEO and how did you manage it? In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses setting up initial terms for founders.
FounderLine host Joe Beninato and his guest, angel investor Mark Goines, answer listener questions including: Founders may find themselves self-funding the business from personal savings and drawing no salary during early days. If the business makes it to a professional funding round, are there ways for the founders to fairly recover some or all of their investment? Angels seem to take a lot of risk. Why do they do it? What's happening in the education startup space? What is the #1 reason you've seen companies fail? Is it founders disagreeing? Lack of product/market fit? Inability to raise money? Do you have any advice on the best way to find the right investors for my startup? In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses making board meetings productive.
FounderLine host Joe Beninato and guest Marie Ekeland of Elaia Partners & France Digitale answer listener questions including: How did you (Marie) discover Criteo and what led to you investing? I am looking for a technical cofounder in Paris. Any suggestions on how to find the right person? What improvements to the French startup ecosystem would you recommend? Any changes in governmental rules? How can we get more women founders? What can VCs do to help increase the number of women founders? What are your thoughts about the importance of an advisory board, how to pick who should be on it, and how to compensate them? In the "Ask the Lawyer" segment, Mitch Zuklie of Orrick discusses US companies and foreign employees.
FounderLine host Joe Beninato and guest Roberto Bonanzinga of Balderton Capital broadcast from London, answering listener questions including: What advantages are there to starting up a company in England--or Europe--as opposed to the US? Legal, regulatory, financial, resources… How different is it working in a European startup vs a Silicon Valley startup? In the US, it is our perception that Europeans have a bit more work/life balance, and I'm wondering if that is true with startups. There seems to be little collaboration between the US startup community and the European startup community. Why is that? What can be done to change that? If I am looking to join a startup in Europe, what are some of the hottest, most rapidly growing companies right now? In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses the top considerations for U.S. companies doing business in Europe.
FounderLine host Joe Beninato and guest Josh Elman of Greylock Partners answer listener questions including: What are the verticals you are most interested in exploring from an investment standpoint? How does having a strong product background help you in picking a company to invest in? What do you consider the ideal founding team in terms of engineers, designers, business people, etc. When you start a company, what is the ideal time to bring in a product manager? How much of a role should the product manager have? How do you keep the pace of innovation after a startup is acquired by another company? In the "Ask the Lawyer" segment, Mitch Zuklie of Orrick discusses how best to work with consultants.
FounderLine host Joe Beninato and guest Ariel Poler answer listener questions including: How do angel investors find investments? What about launching a company into a space where there have been multiple entrants but no successes? What about some of the online services like Kickstarter and Indiegogo? Are those a viable way to launch a product? At the very early stages of our company, should we do a convertible note or an equity round? What target IRR do investors look for when looking at an opportunity to invest? Does that number differ inversely with the assessed likelihood of the company being successful? In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses corporate structures.
FounderLine host Joe Beninato and guest Geoff Ralston of Y Combinator and Imagine K12 answer listener questions including: Why haven't we seen any big exits yet in Education Tech? How will broadband penetration affect MOOCs, especially in developing world? How can an entrepreneur with a great idea but without a Silicon Valley network and qualifications get funding? What is it like for a startup to be acquired by a large conpany? In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses acquisition escrow.
FounderLine host Joe Beninato and guest Greg Sands of Costanoa Venture Capital answer listener questions including: Is it better to build a large user base, even though users are non-paying, or to charge customers, though it slows user base growth? What is the process of an IPO, and why might a company delay IPO? How do you determine the right price for the product/service you're offering? When should you avoid an incubator? In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses participating preferred stock.
FounderLine host Joe Beninato and guest Paul Martino of Bullpen Capital answer listener questions including: How can a startup know when to pivot...and what to pivot to? For two cofounders, how should equity be divided, and what controls should be put in place? Is there a rule of thumb for offers made to non-founder early executives? Do you think there's a bubble in consumer mobile? In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses the pros/cons of raising capital using convertible debt vs equity.
FounderLine host Joe Beninato and guest Saar Gur of CRV answer listener questions including: How is a business idea validated? How can you determine the potential of a business idea? What qualities should I look for in the founders of a company I might join? In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick comments on situations in which a CEO can be removed by the Board.