The L Suite (TechGC)

As a GC, you're about to face a new frontier: AI that writes its own code. It's the next challenge for legal leaders in high-growth tech companies. As AI systems begin to generate code, we must navigate uncharted legal and ethical waters. Understanding the implications is crucial: 1. Intellectual Property: AI-generated code blurs traditional copyright lines. Your AUP should establish clear policies on ownership and attribution. This clarity protects your company's innovations and prevents unintended infringement. 2. Licensing Compliance: Ensure AI tools don't inadvertently incorporate open-source code with restrictive licenses. Implement robust checks to verify compliance with existing agreements. This diligence safeguards your company from potential legal pitfalls. 3. Data Privacy: Be vigilant about the data feeding these AI systems. Code often contains sensitive information. Clear guidelines on handling this data are crucial for maintaining privacy and complying with regulations. 4. Quality Control: While AI can accelerate development, it may introduce unexpected vulnerabilities. Advocate for rigorous testing protocols. This oversight ensures AI-generated code aligns with your company's standards. 5. Ethical Use: Guide your organization in setting appropriate boundaries. Not all coding tasks may be suitable for AI assistance, especially in critical systems. This judgment demonstrates your role as a strategic partner in the company's growth. 6. Transparency: Develop policies on disclosing AI's role in code development. Honesty builds trust with clients and stakeholders in this evolving landscape. How are you preparing your legal team for the era of AI-generated code?

The 2024 L Suite IPO Conference is getting closer and our line-up of expert panelists is growing. Today, we’re delighted to announce that we’ll be joined on the mainstage by Peter McGoff, Chief Legal Officer and Corporate Secretary at Rubrik (and L Suite member!). Any tech GC or CLO considering an IPO is no doubt well-aware of Rubrik, which went public in April, raising $750+ million in their debut on the New York Stock Exchange. The success of this IPO signaled a turning tide for tech IPOs in 2024, a promising milestone for both the company and tech as a whole. Not only did Peter McGoff help lead Rubrik through its IPO, he was also GC at Box when it went public in 2015… giving him plenty of first-hand experience to share with us at “IPO Ready: A Roadmap to Success for Finance and Legal Leaders,” Oct. 9-10 in San Francisco. Learn more about the 2024 IPO Conference, jointly hosted by The L Suite (TechGC) and The F Suite: https://lnkd.in/d3f-Kph8 #thelsuite #techgc #ipo

GCs: who should regulate AI? As AI reshapes the legal landscape, a crucial question emerges: who will lead its governance? The race to establish rules is unfolding on multiple fronts: 1. Congress is exploring "guardrails," but the path remains unclear. These broad proposals may lead to a prolonged period of regulatory uncertainty. 2. Federal agencies are asserting their roles. The FTC claims existing jurisdiction, while the Department of Commerce explores potential audits and certifications. 3. States are charting their own courses. AI legislation has been proposed in 17 states, so various solutions may be implemented nationwide. 4. The EU is moving with purpose. Their comprehensive AI Act could set a global precedent if executed swiftly. 5. China is also shaping its AI landscape, potentially influencing rules for an extensive user base. While some form of government oversight is inevitable, it's unclear how well they'll keep pace with AI's breakneck pace. As the folks responsible for keeping things legal and ethical, we've got to stay one step ahead of these incoming regulations. How are you preparing your organization? Share your insights.

As AI reshapes the legal landscape, many GCs are rushing to implement AUPs. But in the haste to adapt, critical vulnerabilities are often overlooked. Here are 5 subtle, yet potentially devastating blind spots in your AI AUP: 1. The "Human Shield" Fallacy: Assuming human oversight is foolproof. Reality check: How are you addressing AI-induced decision fatigue in your reviewers? 2. The Regulatory Time Bomb: Focusing solely on current laws. Key question: Is your AUP adaptable to pending legislation, like the EU AI Act? 3. Ethics: Vague commitments to "ethical AI" without concrete measures. Challenge: How are you quantifying and auditing ethical compliance? 4. The Data Silo: Treating all data equally in AI contexts. Critical distinction: Have you stratified data sensitivity levels for AI usage? 5. IP: Overprotecting company IP at the expense of innovation. Consideration: How does your AUP balance protection with collaborative AI development? In the rush to regulate AI use, it's easy to fall into these traps. The most effective AUPs anticipate future challenges and foster a culture of responsible AI innovation. What have we missed? Let us know in the comments.

The role of a VCGC is always challenging and complex, but never more so than in an election year. When the regulatory landscape is always shifting and uncertainty is the name of the game, how do you stay ahead of change? Over three high-impact, power-packed days at the 2024 L Suite VCGC Conference, we’ll get real about what it takes to be a “Future Forward VCGC.”  We also look forward to taking a deep dive into the details of evolving topics like model documents, Delaware law, and generative AI, and drawing on the expertise of an exceptional group of sponsor speakers through both mainstage panels and roundtable discussions. Joining us on the mainstage: Aaron Velli, Partner at Cooley LLP Alpa Patel, Partner at Kirkland & Ellis Danielle Naftulin (she/her), Partner at Cooley LLP  Jeff Wolters, Partner at Morris, Nichols, Arsht & Tunnell LLP Kevin Lam, Partner at Goodwin Procter  Michael Celio, Partner at Gibson Dunn Michael Kendall, Partner at Goodwin Procter  Randall Clark, Partner at Gunderson Dettmer Shane Goudey, Partner at Sidley Austin LLP C Stephen Bigler, Director at Richards, Layton & Finger  Steve Franklin, Partner at Gunderson Dettmer Thank you for your partnership! We’re excited to collaborate with you to answer the most pressing questions for VCGCs in 2024. The 2024 L Suite VCGC Conference takes place September 18-20 at the 1 Hotel Toronto. Learn more: https://vcgc.lsuite.co/ #thelsuite #vcgc #fundgc

For GCs and CLOs at late-stage companies, the upcoming IPO Conference, jointly hosted by The L Suite (TechGC) and The F Suite, offers a unique opportunity for collaboration across the C-suite. Bring your CFO and prepare for a thought-provoking, highly actionable deep-dive into how to make a successful transition to the public markets. L Suite members can request their invite at this link: https://lnkd.in/d3f-Kph8

I'm thrilled to be moderating The L Suite (TechGC)'s upcoming panel on Financial Acumen for Legal Leaders! We will get actionable insight from Matthew Aulds, Arthi Chakravarthy, and Mike Chapin as we explore the evolving risk tolerance, venture transactions, and strategic partnerships between legal and finance that can shape a company’s success! #theLSuite #TechGC

As a GC, information is currency. You're privy to high-level decisions and strategic insights. But how much should you share with your team? According to one L Suite member, a FinTech GC, the answer is simple — as much as possible. Here's why they say transparency matters: 1. It drives deep alignment. When your team understands the bigger picture, they can make decisions that truly support the company's goals. 2. It fosters engagement. Insight into executive thought processes sparks productive dialogue and better problem-solving. 3. It builds trust. Sharing information shows you value and respect your team's contributions. A well-informed team is a high-performing team, but it’s important to know where to draw the line, which is not always straightforward. How do you balance openness with confidentiality in your role as GC?

As GCs, we're often the voice of reason in high-stakes decisions. But how do we ensure our counsel is truly heard and valued? Andrew Low Ah Kee, CEO at Fanatics, joined us at The L Suite (TechGC) Fullstack GC Conference to share an interesting perspective on building trust. The “Trust” Paradox: ↓ 1. Challenge the Echo Chamber: The higher you climb, the more agreement you'll encounter. Guard against this. Seek out and value those who challenge your ideas. 2. Cultivate Healthy Debate: Create an environment where pushback isn't just tolerated—it's encouraged. Remember, the goal isn't consensus, but robust dialogue. 3. Build Trust Through Shared Challenges: There's no shortcut to trust. It comes from solving tough challenges together. 4. Embrace the Power of "No": When you've built trust, a "no" becomes a starting point for creative problem-solving, not a roadblock. 5. Lead with Vulnerability: Acknowledge that you don't have all the answers. This openness invites diverse perspectives and innovative solutions. "Without trust, everything becomes much more difficult," Low Ah Kee reminds us. As legal leaders, our effectiveness hinges on our ability to create an environment where open dialogue thrives. Trust is the foundation.

There are dozens of contract lifecycle management (CLM) systems on the market… and choosing the right one can be an overwhelming task. Enter The L Suite (TechGC) CLM Buyer’s Guide — a free, 40-page ebook packed with actionable information, GC-to-GC insights, and custom tools to help you successfully manage the vendor review process.  Here’s what’s inside: > Vendor spotlights: Featuring the five CLM vendors most recommended by L Suite members (Ironclad, Lexion, LinkSquares, Pramata, and SpotDraft)  > Vendor comparison guides: Side-by-side comparisons of features, integrations, onboarding processes, and more  > Comprehensive process overview: Expert guidance from our CLM SME on the research, evaluation, and selection process > Custom tools: Includes a RACI Matrix for key stakeholders, a Contract Volume Worksheet, and a CLM Vendor scorecard If a CLM decision is in your future, you can’t miss this guide. Download your free copy here: https://lnkd.in/gRpAaD2r L Suite members can access the guide anytime on the Braintrust: https://lnkd.in/gY_VgyyQ #thelsuite #clm #contractlifecyclemanagement #legalops == From everyday answers to big picture strategies, The L Suite helps you make better, faster decisions. The L Suite’s comprehensive membership is carefully designed to help make you a better GC or CLO. Benefits include a powerful and collaborative member platform, confidential benchmarking data and survey insights, regular industry-leading events and workshops, and much more.