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Texas Lawbook: What does outside counsel need to know about you?
Leslie Hillendahl: I want to be closely involved in the legal strategy development process for all of Virage’s cases. I expect Virage’s outside counsel to treat each litigation matter with the same level of dedication and ownership as if it were for their own company. This means not only executing tasks proficiently but also proactively engaging in strategic brainstorming sessions.
It is important to me that Virage’s legal counsel take the time to educate themselves thoroughly on Virage’s business and appreciate the nuances of the industry. Drawing from my significant experience of litigating for over 15 years, I bring valuable insights and perspectives to the table. I encourage outside counsel to embrace a collaborative approach, welcoming diverse perspectives and innovative thinking. I value legal counsel who are proactive in proposing creative solutions and thinking outside the box to explore innovative solutions.
Ultimately, I seek a partnership with outside counsel characterized by mutual respect, open communication and a shared commitment to excellence. By working closely together and leveraging each other’s strengths, we can navigate complex legal challenges and achieve success for Virage.
Lawbook: What are the factors you consider when deciding about hiring outside counsel?
Hillendahl: Clear and regular communication — communication is truly key. I seek counsel who not only articulate their ideas and strategies clearly but also prioritize regular updates and transparent dialogue throughout the duration of the engagement. This ensures alignment of objectives and fosters a collaborative working relationship.
Initiative and ownership. It’s essential for outside counsel to show proactive engagement, identify potential challenges or opportunities and take the lead in addressing them. Ownership instills confidence in their abilities and commitment to achieving desired outcomes.
Timeliness and promptness. I prioritize counsel who exhibit a commitment to timeliness and promptness in their deliverables. Whether it’s meeting deadlines, responding to inquiries or providing updates, I rely on outside counsel to uphold a high standard of responsiveness and efficiency.
Expertise and experience. Of course, expertise and experience in relevant practice areas are fundamental considerations. I look for counsel with a proven track record of success in similar cases or matters, as well as a deep understanding of the legal landscape relevant to Virage’s needs.
Cost-effectiveness and value. It’s essential to assess the cost-effectiveness of hiring outside counsel relative to the anticipated benefits and outcomes. I seek counsel who offer competitive rates or alternative fee arrangements while still delivering high-quality legal services. Value-driven partnerships ensure that we maximize our resources and achieve our objectives efficiently.
Cultural fit and compatibility. Building a strong working relationship with outside counsel requires more than just legal expertise. I consider factors such as cultural fit and shared values. A harmonious partnership fosters open communication, mutual respect and collaboration, ultimately enhancing the overall effectiveness of the legal team.
Lawbook: With recent court decisions and legislation in Texas, DEI efforts have come under fire or seemingly been restricted. What can corporate legal departments such as Virage and the law firms that work for you do to keep the momentum going toward better diversity and inclusion in the legal profession?
Hillendahl: In light of recent developments in Texas and elsewhere, it’s crucial for corporate legal departments to take proactive steps to advance diversity and inclusion in the legal profession.
Education is key. Providing ongoing training on DEI issues helps us foster understanding and inclusivity within teams. Additionally, mentorship programs can play a vital role in nurturing talent from diverse backgrounds, ensuring all voices are heard and valued in our profession.
Engaging with external organizations and advocating for policy changes are also essential. By collaborating and sharing best practices, we can drive positive change and create a more equitable future for the legal community.
In summary, by prioritizing education, mentorship and collaboration, we can continue to make meaningful strides toward a more diverse and inclusive legal profession.
Lawbook: Tell us some nuts and bolts about your daily work.
Hillendahl: Every day brings new challenges and learning moments! When I step into the office, I bring with me a set agenda, yet I often find myself leaving with much of it still awaiting completion — a common experience, I’m sure.
I’ve found that starting my day an hour or so earlier than my colleagues allows me to dive straight into the pressing issues at hand. Even before I arrive, I’ve already skimmed through my emails to ensure there are no urgent matters requiring immediate attention. Once settled in, I dedicate my mornings to staying abreast of the latest developments in legal matters relevant to Virage’s portfolio, potential litigation funding opportunities and meticulously reviewing the litigation cases under my management.
Throughout the day, I strive to maintain a balance between two primary focuses: exploring new avenues for litigation funding and addressing the legal needs of Virage. This division allows me to approach each task with the necessary depth and attention it deserves, ensuring that both aspects of my work receive the diligence required for success.
In this fast-paced environment, adaptability and strategic prioritization are key. While my daily agenda may remain largely unchanged from morning to evening, it’s the fluidity of the tasks and the constant need for critical thinking that keeps me engaged and motivated.
Lawbook: How has litigation finance changed in recent years?
Hillendahl: In recent years, the landscape of litigation finance has undergone significant evolution, marked by the emergence of numerous new funders eager to tap into its potential. While this influx of newcomers has expanded the market, it has also introduced challenges, as many are still in the early stages of learning and refining their strategies.
Unlike these newer entrants, Virage has amassed invaluable experience over the past decade, navigating the complexities of litigation finance and honing our approach to maximize success for our clients. Our depth of knowledge and track record of success set us apart, positioning us as a trusted partner for law firms seeking financing solutions.
Moreover, the perception of litigation finance has shifted in recent years, with many viewing it not just as a financial resource but as a strategic tool to enhance their legal representation. It’s increasingly seen as a means to level the playing field, empowering clients to pursue meritorious claims without the burden of financial constraints. As a result, acceptance of litigation finance as a mainstream practice has grown, making it a common consideration for businesses and legal teams alike as they seek to optimize their litigation strategies.
Lawbook: Besides being a great parent, what are your nonprofessional pursuits?
Hillendahl: I am deeply passionate about animal welfare. As the president and co-founder of Scout’s Honor Rescue, Inc., a nonprofit, all-breed animal rescue organization, I dedicate a significant portion of my free time to rescuing and rehabilitating homeless, abused, and/or neglected animals.For the past 18 years, I’ve been involved in this mission, and through our efforts we’ve saved thousands of animals. Through Scout’s Honor Rescue, we strive to provide a safe haven for animals in need, offering them the chance to find loving forever homes. Whether it’s coordinating rescue missions, fostering animals or organizing adoption events, this work is incredibly fulfilling and meaningful to me. It’s a cause I wholeheartedly believe in, and I’m grateful for the opportunity to make a positive impact in the lives of animals and the community at large.
Click here to read the full profile of Leslie Hillendahl.