The legal world can evoke a lot of emotions when it intertwines with the startup world. And let’s face it – these may or may not be very positive emotions. We often perceive the legal function of a company as a delaying or complicating factor, and sometimes even as an actual blocker for business deals. So when we recruited the first lawyer to monday.com, we were facing the very same concerns. Two years later we see things completely differently. Our Legal team proves to us every day that not only they do not slow down the company, but actually accelerate many processes.
So, at what point does a startup company need to recruit an in-house legal counsel? How to make the legal field accessible to an entire company so it moves faster? And how to create the right balance between the need to hedge risks and the need to constantly innovate and be a market leader?
This week we are speaking with Shiran Nawi, General Counsel at monday.com. Shiran talks about how the legal field at a startup can be an actual business enabler that solves problems instead of creating ones. She describes what are the three aspects of the legal work at a startup, how to create a culture of trustworthiness with the company employees, and how, if we truly understand the laws (not the legal laws, but the laws of the game) – we can make each one of them into an opportunity.