Yes, I'm sure every founder will be able to retain his own effective and experienced legal counsel, considering that good specialized lawyers generally charge a

Yes, I'm sure every founder will be able to retain his own effective and experienced legal counsel, considering that good specialized lawyers generally charge at least $500/hr. Piece of cake for the founder who needs to pitch investors for seed money. I know from experience that even if you do scrape together enough for a small retainer with such a lawyer, you're just naturally going to be last priority. The attorney knows that you aren't good for any more and any real work is going to take more time than you have on retainer, so they'll be working for free for a substantial amount of time, and that prospect doesn't excite anybody.