An update

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With my two roles at EY (Global head of Tech Law and UK head of Fast Growth), I thought that an update on progress would be timely.
 
See our Fast Growth Platform site report and our Fast Growth Tracker report for more Fast Growth info. Here’s our 2017 Fast Growth UK Roundup.  We now work with over 100 start ups and scale ups in the UK.
 
Globally, EY Law now has over 2,100 lawyers in 82 countries. We are excited to be rolling out our tech enabled legal services such as AI Legal Due Diligence (see https://go.ey.com/2oaFz6z) and Intelligent Contract Review (see https://go.ey.com/2FebM4d). Since I joined almost two years ago, we now have close to 100 lawyers in the UK and we worked on 120 M&A deals in 2017. 

 

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A selection of our 2017 Tech blogs

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I thought that I would capture some of our 2017 blogs

From tech startup to scaleup: Key considerations

https://www.uktech.news/sponsored/from-tech-startup-to-scaleup-key-considerations-20171031

Employee equity: How to incentivise your employees

https://www.uktech.news/guest-posts/growth-strategy/employee-equity-how-to-incentivise-your-employees-20170915

Exit strategy: Are you prepared for exit?

https://www.uktech.news/sponsored/are-you-prepared-for-your-exit-20170822

How to exit: Strategic positioning

https://www.uktech.news/guest-posts/growth-strategy/exit-strategy/how-to-exit-strategic-positioning-20170920

Preparing for exit: Everything UK tech entrepreneurs need to know

https://www.uktech.news/guest-posts/growth-strategy/exit-strategy/preparing-for-exit-everything-uk-tech-entrepreneurs-need-to-know-20171017

 

Fast growth launch article:

https://www.thememo.com/2017/07/13/ey-launches-its-fast-growth-tech-platform-to-support-start-up-growth/

Crowdfunding video:

https://www.thememo.com/2017/04/21/crowdfunding-andy-murray-the-money-maker-seedrs-kickstarter-indiegogo-crowdcube/

Mobile banking video:

https://www.thememo.com/2017/03/30/best-mobile-banking-app-2017-video-money-maker/

Blog on fintech flight to Frankfurt:

https://www.thememo.com/2017/01/15/financial-tech-flight-to-frankfurt/

Insurance tech video with Tom Bull:

https://www.thememo.com/2017/05/26/insurtech-the-money-maker-episode-6-the-quiet-insurance-revolution/

Insurance tech blog by Tom Bull:

https://www.thememo.com/2017/05/26/insurtech-insurance-tech-ey-expert-commentary/

Helen Merriott on tech in retail:

https://www.uktech.news/video/tech-chats/tech-chats-eys-helen-merriott-on-how-tech-can-transform-the-retail-industry-20171002

Martyn Whistler on generational attitudes to tech:

https://www.uktech.news/video/tech-chats/tech-chats-eys-martyn-whistler-attitudes-different-age-groups-towards-tech-20170919

Me on exit strategy:

https://www.uktech.news/video/tech-chats/tech-chats-eys-martyn-whistler-attitudes-different-age-groups-towards-tech-20170919

Daniel Lyons on smart transport:

https://www.uktech.news/sponsored/tech-chats-eys-daniel-lyons-tech-revolutionising-modern-transport-20170721

Michael Von der Geest on digital innovation:

https://www.uktech.news/news/tech-chats-eys-michael-von-der-geest-making-money-digital-innovation-20170614

Amber Mace on women and VR:

https://www.uktech.news/news/tech-chats-amber-mace-ey-women-arent-using-vr-20170519

Me on AI impact on jobs:

https://www.uktech.news/sponsored/tech-chats-ai-impact-jobs-ey-richard-goold-20170427

Adrian Baschnonga on smart home tech:

https://www.uktech.news/sponsored/video-tech-chats-smart-home-tech-eys-adrian-baschnonga-20170320

The Onward March of AI

AI

AI continues to be a big theme for me, EY and the world around us. I host a monthly tech CEO dinner and in the last 6 months AI has been a running theme throughout all of these events (not just the AI specific CEO dinners!). One of other regular dinners that I host is for General Counsel of tech companies of all sizes. And, again, AI is a hot topic in the environment also.

I turn to this topic for the latest Tech City News video where I talk about how AI is changing the world around us: http://techcitynews.com/2017/04/03/tech-world-200m-tech-fund-uber-leaves-denmark-ai-stealing-jobs-and-more/

I also co-authored an AI blog with my colleague Lauren Anderson: http://techcitynews.com/2017/03/29/artificial-intelligence-ethical-dilemma-created-labour-market-disruption/

And finally, another continuing theme for me is the disruption to the world of Financial Services. I speak here on the growth of mobile banking (@The Memo): https://www.thememo.com/2017/03/30/best-mobile-banking-app-2017-video-money-maker/

 

2016 – quite the year for Tech

2016

Well 2016 has been quite the rollercoaster of a year. My recent interview with the Artificial Lawyer (see my last blog post) goes into some detail on how we are building a distinctive legal / multidisciplinary practice at EY. The business is growing rapidly (we are approaching 2000 lawyers now globally) and the opportunity to develop the practice using the best technology available is really exciting.

It’s also been a lot of fun pulling together our UK & Ireland Fast Growth team and stitching that together with our 180 (or so!) other global tech start up and scale up teams.  We have now soft-launched our Fast Growth Platform for tech companies starting up, scaling up and going global. Some amazing client stories and deals already – more on that to follow in the New Year.

Before I head off for an Xmas break, here are some recent videos. My recent video and article on the latest global Tech M&A trends can be found at:

http://techcitynews.com/2016/12/20/look-tech-ma-q3-2016-year-whole/

techma

And here are some thoughts on the current state of play for crowdfunding:

http://www.thememo.com/2016/11/23/what-brexit-really-means-for-startups/

Roll on 2017!

Artificial Lawyer

I was recently interviewed by the Artificial Lawyer and thought that it would be a great addition to my Tech meets Law blog.

artlaw

First of all, can you tell the readers a little about your roles at EY?

I have two roles at EY: I am the Global Head of Tech Law and the UK Fast Growth Leader. EY’s Law team now has 1,800 client-facing lawyers in 75 countries handling a range of work. My Tech Law role is focused around ensuring that we have the right capabilities to service our Technology clients’ needs and to then help those lawyers go to market.

My Fast Growth Leader role involves leading all of our UK service lines (Tax, Assurance, Advisory and Transaction Advisory) in the fast growth tech market: helping pre-IPO, typically VC-backed, fast growth tech businesses to start up, scale up and go global.

EY now has over 1,800 lawyers globally, but will it be technology that plays the biggest part in helping the firm to develop further?

It’s a complex world and very few questions require a purely legal response. We bring the best of EY to any client scenario…

To continue reading please go to: Artificiallawyer.com

https://artificiallawyer.com/2016/11/21/eys-richard-goold-legal-industry-faces-unprecedented-tech-change/

My last day in the office…

After 15 years, it’s not easy to leave somewhere. Especially when that “somewhere” is stuffed full of some of the best people around.

wragge and co logo

I started at Wragge & Co in 2001 and it has been a fabulous place to have a career. During that time, the firm has transformed via both organic growth and merger. Wragge & Co became Wragge Lawrence Graham & Co a few years ago through its merger with Lawrence Graham. The enlarged firm recently merged with the Canadian law firm Gowlings to create Gowling WLG, a 1400 lawyer firm in 18 places around the world.

g and w logos

And today is my last day in that newly minted firm – I am joining EY (Ernst & Young) in April to head up Tech Law in the UK & Ireland. I felt that I should mark the moment in a traditional way (beer – that’s to come) and a slightly more modern approach (a blog entry).

My journey with Wragges started in 1995 when I quite randomly took some advice from a Wragge partner (Paul Howard, who would become our general counsel) not to do a law degree. He told me that my preferred option (Maths with Business) would actually lay a great foundation for the future. That set me on a path where I met my wife and also the co-founder of my first music business (I have run a few over the years) when we were all studying in Manchester.

Looking at my options halfway through my Maths degree, I toyed with a series of career choices and I applied for work experience at Wragge & Co. During the fortnight placement I had one of my few career “light bulb” moments – the place struck a chord with me and I just knew that it was somewhere that I could thrive. I couldn’t have been more right.

After an amazing 18 months training in the firm, I went on secondment to 3i (the biggest European investor at that time). I got a taste for investment work (venture capital and private equity), particularly in Tech and science heavy environments. More importantly, I was bitten by the “deal bug”. Corporate finance is a slightly odd career in that it’s all famine and feast: work can come in ridiculous waves of intensity followed by relatively fallow periods. Many people hate the inconsistency (and some of the behaviours associated with the character types that can be drawn to the area) but I loved it: the boardroom access, the intersection of strategy and law along with the cut/thrust of actually getting a deal across the line.

I developed into bigger ticket, cross-border mergers and acquisitions technology work with a particular focus on the US. When I was 4 years in, I made my first trip to the US with one of the many mentors that I have had (David Vaughan) and I soon got involved with US sales strategy for the firm alongside another longstanding mentor (our senior partner at the time, Quentin Poole).

“Sales” is a bit of a dirty word in the profession; traditional thinking goes that word of mouth and pure quality should be enough to keep work walking in through the doors. But I have always loved it – I think about sales as: speaking to people that have problems (legal or otherwise) and then figuring out the best way to help them. Building longstanding relationships of trust and then becoming an extension of a team for day-to-day issues and for when they go through periods of transformation.

I have now been travelling very regularly to NYC, Boston and Silicon Valley for close to 10 years now. It was my experience of those Tech ecosystems (NYC in particular) that encouraged me to go “all in” on Tech in the UK. I co-founded our Tech group in 2010 with Alex Brodie (an IP litigation partner and great friend) and brought some of the US thinking back to the UK. Lawyers get to see the whole ecosystem – investors, start-ups, big corporates, institutions and intermediaries – we bring those groups together through monthly big events and CEO dinners. We also started a series of accelerators and launched a Tech start-up platform (Jumpstart).

It’s been brilliant to grow the Tech group (today, it includes 250 lawyers around the world) and whilst I have really enjoyed the highs (such as being included in the inaugural FinTech40 or being part of the teams that sold Buddy Media to salesforce.com for $700m or Liverail to Facebook for $500m), actually the day-to-day working with companies as their trusted advisor (and working with amazing colleagues to help develop each other) are the things that will stay with me forever.

There have been too many people that have supported, coached and mentored me to possibly name every single one (and please forgive me if I have left anyone out) but I would call out Duncan Murphy in particular for all of the support he has given me.

gwlg

And now to the future – EY have asked me to build out a Tech Law team as part of their global integrated offering to the Tech market(s). It’s an enormously exciting opportunity to work with a truly global business employing over 200k people and with close to $30Bn in annual revenues. They are investing in Law heavily and are not far from being in 80 countries with over 1,500 lawyers. But the most exciting prospect is being part of a multi-disciplinary team helping Tech clients of all sizes around the World.

Onwards…!

 

The FinTech Book and some AltFi activities…

Fintech Book 2

I’ve been delighted to be included in the first globally crowdsourced FinTech book, which is about to launch. I’m looking forward to meeting my co-authors in the Shard next week.

“The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries

The FINTECH Book is your primary guide to the financial technology revolution, and the disruption, innovation and opportunity therein. Written by prominent thought leaders in the global fintech investment space, this book aggregates diverse industry expertise into a single informative volume to provide entrepreneurs, bankers and investors with the answers they need to capitalize on this lucrative market. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned.”

Pre-Order now The #FinTech Book – The World’s First Crowd-Sourced Book on FinTech (April 2016)

fintech book

Next week will also see me speaking at the ALTFI EUROPE SUMMIT.  See here for more info: http://www.altfi.com/events/altfi_europe_summit_2016/about

altfi

Here are a couple of my articles that I have written relatively recently for AltFi on the topic of crowdfunding risks (on which I will be speaking):

http://www.altfi.com/article/1482_founder_beware_the_risks_of_seeking_investment_via_crowdfunding

http://www.altfi.com/article/1690_the_risks_of_crowdfunding_part_2_founder_beware

And finally, thanks to the team at CityAM for including me in their AltFi Powerlist:

http://www.cityam.com/218054/alternative-finance-powerlist-these-are-most-influential-people