April 2, 2019
We understand that there are a whole range of challenges to be met in growing and scaling up a successful business and that legal considerations are only part of that jigsaw. However, making sure that the ‘legals’ are right from an early stage tends to pay dividends in saving time and reducing risk in the longer term. It’s inevitably also a key part of securing investment, so can help stop potential issues becoming unexpected barriers to growth – often at just the wrong moment.
WBD Accelerate is a package of streamlined services, which includes access to a range of legal experts experienced in advising businesses at a similar stage with a nominated legal ‘mentor’ as a first point of contact. There is also access to a growing number of commonly needed and focussed legal documents that can be produced on a self-service basis through our platforms.
We created the package to help growing startups and scale-ups navigate the common issues facing fast-growing companies, the objective of WBD Accelerate is to fast forward the legal foundations of the business in a user-friendly way. As part of the service, we can provide guidance on common themes, such as the different investment options available; pitfalls around the ownership and protection of key IP rights; arrangements between shareholders; the terms on which the company does business; questions around the collection of data and how to manage employment considerations.
The North East tech sector is booming and as such, new companies are emerging all the time, in need of support on a wide range of matters; we have developed WBD Accelerate with those in mind, although the service will be just as relevant for all growing and scaling companies. In the region, we are already a member of Dynamo, a North East initiative to grow the region’s tech community and economy; the introduction of this service cements WBD’s commitment to the sector, not just in the region but globally.
Our cross-practice team behind WBD Accelerate has many years of experience advising on the issues facing fast-growing companies and has worked with a range of clients from early stages all the way through to exit. The more established organisations which the firm works with are also increasingly collaborating with earlier stage companies, particularly around the march of digitisation and the innovation that often entails, with WBD Accelerate therefore also providing a cross-over for that experience both ways.