A great lawyer just called me, Mario Rosati of Wilson Sonsini Goodrich & Rosati. He is a rubber-meets-the-road counselor to startup CEOs and a veteran of countless venture capital deals. He helps green CEOs stay out of trouble and also gives practical advice about business decisions. That is the kind of legal beagle you want on your side.
Another terrific example is Mike Phillips of Morrison & Foerster the firm that is spread out over the world. Mike has been both a legal counsel for a world famous startup that went IPO as well as practicing lawyer advising startups that became giants. He is very quick about people's character, abilities and limitations. And he is very experienced with doing deals across borders for venture capital and legal contracts.
Those are examples of legal advisors that can keep your company focused on building its unfair competitive advantage, instead of wasting time and money fighting legal battles.
BOTTOM LINE: Pick your legal advisor from the best. With lawyers, you need excellence. Below excellent is very expensive.