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Silicon Valley is going remote. What does this mean for lawyers in India?

Till 2020, if you wanted to drastically increase your chance of becoming really really rich in a relatively short amount of time, you had to land up in Silicon Valley.

Startups in the Silicon Valley got a different valuation compared to startups based out of any other place.

And most of the investment firepower was concentrated in Silicon Valley too.

The pay scales in Silicon Valley compared to the rest of the USA are something else altogether, and there is always a fierce battle for talent.

Plus if you could become an early stage employee of a fast growing company, it will change the trajectory of your life.

However, for Indians, it was not easy to land up at Silicon Valley, as most people wouldn’t qualify for a visa without jumping through many hoops.

Basically, landing up in Silicon Valley and helping to build the next YouTube, Facebook, Stripe or Coinbase was not really an option for Indians, including law graduates.

But something happened during the pandemic in 2020.

Silicon Valley went remote.

VCs discovered that they can do deals pretty well over Zoom. They can do due diligence remotely. Their remote investments are doing better than local ones in fact.

Lots of founders and investors moved out to Florida, Texas, Utah, Idaho or elsewhere without missing out on the action.

They discovered that they can tap into a much larger and rich talent pool if they work remotely and can be more productive.

In 2021, remote startups are the craze.

Fastest growing Silicon Valley startups are working remotely.

Startups are being born remote.

Here is a list of large companies that have gone fully remote, remote first or partially remote: https://buildremote.co/companies/companies-going-remote-permanently/

Before pandemic, only 3.6% of employees of US corporations worked from home. Now, it is at least 30%. It is a tectonic shift.

Mark Zuckerberg announced that he expects up to half of Facebook’s 48,000 employees to be working remotely within the next 10 years.

Other major companies embracing the work-from-home model include Shopify, Upwork and Coinbase, which are shifting toward “digital by default” and “remote-first” structures.

Remote.com surveyed 1,528 respondents in IT divisions of small- and medium-sized businesses in the U.S. and the U.K.

Respondents in both regions believed more than a third of roles will be located overseas within five years, with U.S. respondents estimating 40%.

Amongst employees, 81% of respondents indicated that they would move if they could do so without affecting their work prospects. 

Employers who make it easy for employees to work remotely enjoy a much wider talent pool.

And here is the deal, if they are OK with working with US employees remotely, there is very little reason for them to say no to a remote employee or freelancer in India who does the same work and brings the same talent on board at a fraction of the cost.

It’s a game changer for Indians, because we have a massive cost advantage over the rest of the world. 

Data is not the new oil, affordable talent is. And we have more of it than any other country due to low wages back here. The world is yet to discover this outside of tech so far. But this will happen in everything – design, management, marketing, sales, and of course, in law.

I am saying that as a law student or a law graduate you can jump into the remote version of Silicon Valley that exists on the internet today. You can become a part of the next big tech company. Sitting in India, without having to wait for a visa.

Why just Silicon Valley, you could work for startups in London, Berlin, Dubai, Shanghai, Tokyo, Kuala Lumpur or Tel Aviv.

Just last week, one of our students got a full time remote job as a lawyer in a fintech company in Abu Dhabi. 

Want to know how?

Come to the free, online 3-day international contract drafting bootcamp we are doing from 17th April to 19th April, 6-9 pm IST every day.

This is a chance of lifetime. You will not get this information anywhere else. LawSikho is a pioneer of international arbitrage in legal talent and global remote freelancing.

These are the early days, and this window of opportunity will disappear.

Be there, be a part of the new emerging world order, be a part of history.

Registration link for the Bootcamp: https://lawsikho.com/contractdraftingbootcamp

If you want to be notified about other workshops and webinars conducted by LawSikho on Corporate Law, please join the Telegram or WhatsApp group below:

Telegram Group:  https://t.me/joinchat/RoPKARepwkxwCQSN 

WhatsApp Group: https://chat.whatsapp.com/DXD4zCXeOnnJMmrTldZOLT 

See you there!

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