In-House Counsel Profile: Chegg Inc.'s Rob Chesnut
Rob Chesnut, who joined Chegg in 2010, was the company's first in-house lawyer.
January 23, 2015 at 07:58 PM
3 minute read
COMPANY PROFILE
Based in Santa Clara, Calif., Chegg Inc. was founded in 2005 as a textbook rental business, its name a combination of “chicken” and “egg.”
Chegg went public in 2013 with a $187.5 million initial public offering. Some 400 of its 700 employees are based in the United States. The company reported revenue of $255.6 million in 2013. Chegg has been on an acquisition spree as it shifts its business model away from renting physical books. In June it spent $30 million for InstaEDU, which pairs students with on-demand tutors.
Since 2010, it's bought companies including Cramster, a social online homework help platform, and CourseRank, which lets students share school-related information.
LEGAL TEAM
Rob Chesnut, who joined Chegg in 2010, was the company's first in-house lawyer. Dave Borders, who had in-house and law firm experience, joined the legal team three years ago to handle acquisitions, corporate filings and some contract work. Mayra Galvan came on board this year as a contracts administrator. She makes sure all agreements are signed, tracks their expirations and organizes contracts, responding quickly to Chegg's sales team. The department also employs a paralegal.
OUTSIDE COUNSEL
Chesnut prefers firms outside Northern California because their rates are significantly lower.
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