Advocates of virtual law firms have long pushed for greater adoption of legal technology tools enabling collaboration between attorneys and clients, but few have found truly suitable tools. Silicon Valley-based law firm Cooley, however, is hosting its own experiment in collaborative technology by posting the firm’s Series Seed Note documents on GitHub, a version control repository platform popular as a collaborative tool in the technology community.
Cooley’s documents, which have been made available under an open source license, include a term sheet, convertible promissory note, investor suitability questionnaire, and board consent. The firm also made the documents available for download through a document generator on the firm’s Cooley GO website.
