BOSTON--(BUSINESS WIRE)--LinkSquares, provider of the top AI-powered contract lifecycle management and analysis tool, today announced the appointment of Tim Parilla as the company’s Chief Legal Officer. Parilla has extensive experience leading legal operations in public and private companies in regulated markets. In his new role, he will oversee LinkSquares’s legal posture and act as strategic advisor to the company’s management and corporate counsel customer base. The company also expanded its board of directors with the addition of Bill Hewitt, CEO of Aternity, and former CEO and Director of contract lifecycle management (CLM) software provider Exari.
Parilla previously spent seven years as General Counsel for DraftKings, a digital sports entertainment and gaming company with products that range across daily fantasy, regulated gaming and digital media. Joining DraftKings in 2014 as the company’s first in-house attorney, Parilla built and scaled the legal function and managed the company’s legal posture throughout numerous financing and fundraising rounds, litigation and regulatory actions, at both the state and federal level, including the high profile legal challenges the company faced in 2015 alongside the explosion in popularity of daily fantasy sports (DFS), and strategic acquisitions. The legal and regulatory foundation established by Parilla for DFS played a critical role in enabling DraftKings’ successful entry into sports betting and online casino. Parilla played a leadership role in the company’s SPAC transaction with Diamond Eagle Acquisition Corp. and SBTech that took DraftKings public. Prior to DraftKings, Tim was General Counsel for Everest Gaming, a European-based online poker and casino operator, and he engaged in regulatory consulting work in the online gaming industry.
“As a LinkSquares customer, I saw firsthand the power that the product has to transform legal operations at a company. There are many legal teams that still rely on spreadsheets and time-consuming workflows, but in fast-paced, high-growth companies and industries, the legal function needs to find and implement tech that enhances attorneys’ ability to really drive the substantive legal work,” said Parilla. “Legal teams are adopting artificial intelligence, automation and using data-driven insights to build their seat at the table with the rest of the C-suite. LinkSquares is a company that is making the data-savvy legal future a reality. I’m looking forward to working with legal leaders to demonstrate how using the LinkSquares suite of products will expand the strategic role and level of influence of today’s top legal teams.”
Prior to joining Aternity, Hewitt was a partner at Beacon Equity Partners, and he has held leadership roles at Novell, PeopleSoft and IBM. Hewitt’s extensive experience in contract lifecycle management and digital technology will support LinkSquares’s strategic vision for enhanced customer-driven contract lifecycle management and AI-first insights. Named among the 2020 Gartner Cool Vendors for Contract Lifecycle Management and Advanced Contract Analytics, LinkSquares is trusted by hundreds of customers.
“Companies are spending trillions of dollars implementing massive digital transformation projects, and any that fail to be an agile enterprise will lose their competitive edge,” said Hewitt. “The legal department is at the center of where many critical business deals and decisions hinge, and LinkSquares has the strategic vision to ensure these teams are hyper-responsive at the point of impact.”
LinkSquares’s CEO and Co-founder Vishal Sunak said, “Our corporate counsel customers are embracing new digital approaches to support their companies and accelerate growth. Tim and Bill have the perfect expertise in both digital and legal operations to scale our addressable market in meaningful ways and help our customers win.”
The past year has been a critical time for legal departments to mitigate risk and accelerate deals. With more than three million documents processed and 35 million unique data points extracted to date, the company posted nearly 800% growth over the last two years, attracting hundreds of notable customers such as Fitbit, Twilio, TGI Fridays, Wayfair and Cogito.