DLA Piper announced today a collaboration with Shoobx, a workflow-based software tool, to customize, generate and execute early-stage companies' Delaware incorporation documents while helping position entrepreneurs with high-growth strategies.
"We're excited to forge this relationship with Shoobx," said Jay Rains, DLA Piper's global co-CEO and US co-chairman. "This is yet another valuable tool available to our entrepreneur and startup clients, as well as our lawyers, in helping them continue to provide the best possible counsel to early-stage companies who are looking to attract investors."
Through this collaboration, companies can incorporate, issue founder equity, assign intellectual property, manage their cap table and stock ledger, onboard and grant equity to employees, and much more. All workflows, information and documentation are permissioned and all documents are securely stored, organized, interconnected, and accessible.
Underscoring the rapid adoption of new technology and innovation to enhance the delivery of legal services, the collaboration with Shoobx follows DLA Piper's partnership with Kira Systems, an innovator of artificial intelligence document review software.
"Shoobx is more than just an incorporation tool that empowers our clients to generate foundational materials that are both understood and expected by investors," said Bradley Gersich, co-chair of the firm's Northern California Corporate & Securities practice. "This platform will also facilitate client and counsel collaboration to generate, electronically execute and securely store other important documents needed over time. And with Shoobx, we can stay connected with client activity in real-time, and management, directors and stockholders can self-service accurate and up-to-date information."
"Our startup clients need to run fast – and they expect their lawyers to leverage the latest technologies to deliver top quality and efficient services," said Randy Socol, co-chair of DLA Piper's US Emerging Growth & Venture Capital practice. "By leveraging Shoobx and its offerings to provide early-stage and emerging growth companies with greater flexibility and autonomy, our team can continue to focus on providing strategic advice and assistance to drive value to clients' businesses."
With more than 20 US and nearly 80 global offices, including locations in the most important worldwide markets for emerging growth and technology, DLA Piper is uniquely positioned to support its early stage clients' domestic and global growth objectives. Last year, DLA Piper was ranked first globally by Mergermarket for overall M&A deal volume, and was ranked fourth globally by PitchBook for overall venture capital deal volume.
"DLA Piper shares our vision of delivering tools to more efficiently represent clients on a single platform, saving time and money not just for the company, but for its investors, executives and board members too," said Jason Furtado, Shoobx CEO and co-founder.