Many of us daydream about building an entrepreneurial empire, but very few make it happen. One such success story can be found in the shape of British inventor James Tagg, who invented the touch screens used on London’s tube network before setting up a £300m business called Truphone – a mobile service that recently received a tidy sum of £70m from Russian billionaire Roman Abramovich.
Nice indeed, but what does any of this have to do with the legal market? Well, behind every great business there often lurks a very, very busy lawyer.
To find out what goes on behind closed doors we got in touch with Truphone’s general counsel Greg Mappledoram, who told us plain and simple that Abramovich’s cash injection means a doubling-up in legal heads, including a new AsiaPac team and the introduction of a regulatory and IP department.
So, as the business expands into Hong Kong, Germany, the Netherlands, Poland and Spain, with Mappledoram responsible for creating a star class of in-house lawyers to keep up, perhaps all those budding entrepreneurs should start including lawyers in their plans.
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