The L Suite (TechGC)

In 2022, only 39% of Fortune 500 GCs were women. Women also face a pay gap, with men in top legal positions earning more than women with the same title. Many women in law also report related challenges… like missing out on key assignments and being overlooked for promotions. In our new Counsel Corner article on The L Suite blog, three female lawyers share actionable insights for women in legal roles to earn promotions, get raises, and close the gender gap. Read it now: https://lnkd.in/gZPjXeRJ Featuring insights from… Jolene Marshall, Chief Legal Officer, Smartsheet Amanda Rose, Partner, Fenwick & West Kat Duncan, Partner, Fenwick & West The article explores: ✔️How to create your own roadmap for advancement ✔️How to cement your reputation as a business-oriented attorney — and truly be the best at what you do ✔️How to get a little more comfortable with self-promotion  ✔️And the importance of finding allies, and being one Women GCs, do the insights in the article align with your experience? And what advice would you add?

Excited to be on the upcoming The L Suite (TechGC) panel with Claudia Regen and Curtis Roberts, Esq. to discuss some of the hot legal topics in employment law for in-house counsel. We've got everything: the FTC non-compete ban (or is it?), protecting IP and confidentiality, onboarding and off-boarding, and much, much more! If you're an L Suite member, please plan on attending! #LSuite #TechGC

As GCs, we face a daunting challenge: preparing for an AI-powered future we can barely foresee. How do we navigate this rapidly changing regulatory landscape? The current approaches to AI regulation are revealing significant limitations. Understanding these gaps is the first step toward finding innovative solutions. Let's examine the key issues: 1. Technical Deficit: Government regulators often lack the specialized knowledge to oversee rapidly evolving AI technologies effectively. 2. Democratic Deficit: Over-reliance on industry self-regulation fails to hold AI developers accountable to public demands. 3. Global Complexity: The borderless nature of AI challenges traditional nation-based regulatory frameworks. A promising path forward may lie in regulatory markets. This innovative approach could: • Bridge the gap between government oversight and industry expertise • Foster competition in regulatory innovation • Enable global scale while preserving national sovereignty As GCs, we must prepare for a future where AI governance is more dynamic and collaborative. We may need to engage with multiple stakeholders, including private regulators, to ensure compliance and ethical AI development. How do you envision the future of AI governance in your role? Share your thoughts.

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