A venture capitalist fed up with overpriced and overly fastidious lawyers broke the code of silence among money men to vent his frustrations on a blog Sunday.
The 1,120-word harangue from Jason Mendelson, a lawyer and venture capitalist with the Foundry Group and Mobius Venture Capital, takes aim at the rapidly rising salaries of outside lawyers that lead to higher legal bills. Comparing his starting salary as an associate with today’s big-firm pay, he found salary growth of 132 percent in a decade.
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