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Full-Time

Product Counsel

Posted on 8/20/2024

Square

Square

10,001+ employees

Payment and POS solutions for businesses

Fintech
Financial Services

Senior, Expert

San Francisco, CA, USA + 1 more

More locations: Remote in USA

Category
Legal
Legal & Compliance
Required Skills
Product Design
Requirements
  • 7+ years of combined, relevant experience in law firms, governmental agencies, or in-house legal departments
  • Familiarity and experience with launching products and advising on the legal and regulatory aspects of product development in the technology space
  • Fluency in translating legal advice into actionable guidance for product, design, and engineering teams
  • Ability to apply risk-balanced, practical legal guidance to complex product questions
  • Creative problem-solving and solution-finding skills
  • Maturity in judgment, considering short and long-term strategies
  • Agility and flexibility in an evolving and ever-changing environment
  • Juris Doctor (JD) degree and active membership in at least one state bar
  • Experience with payments and financial services, and/or lending regulations and payments/card network industry rules and regulations
  • Expertise in US and global privacy regulations
  • Excellent commercial negotiation and drafting skills
Responsibilities
  • Provide holistic, solution-oriented legal guidance to product, design, and engineering teams on issues related to products and features throughout the entire product development lifecycle
  • Advise business partners on product and feature build-outs and go-to-market strategies, draft terms of use, product policies, and product disclosures, and implement policies required to support legal frameworks
  • Develop and nurture trusted relationships with business partners and stay informed on key product developments
  • Coordinate closely with other support teams (including compliance, risk, tax, corporate counsel, and accounting) to provide seamless, integrated product solutions to business partners
  • Actively cultivate creative ideas and insights into how legal frameworks can support new product developments and customer experiences
  • Support the drafting and negotiation of commercial agreements relevant to your products and services

Square provides payment and point-of-sale (POS) solutions designed for businesses of all sizes, particularly small to medium-sized enterprises (SMEs) like retail stores, restaurants, and online merchants. Its main product is a POS system that includes hardware such as card readers and terminals, along with software that allows businesses to accept various payment methods, including credit cards, debit cards, and mobile payments. Square also offers additional services like invoicing, payroll management, and business analytics, making it a comprehensive tool for managing business operations. What sets Square apart from its competitors is its user-friendly interface and transparent fee structure, which charges a small fee for each transaction processed. This simplicity appeals to small business owners who value predictable costs. The goal of Square is to empower SMEs by providing them with the tools they need to manage sales and customer relationships effectively.

Company Stage

IPO

Total Funding

$601.2M

Headquarters

San Francisco, California

Founded

2009

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

5%
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Simplify's Take

What believers are saying

  • Square's expansion into new markets, such as offering Tap to Pay in France, indicates strong growth potential and international reach.
  • The company's investment in Bitcoin and blockchain technology positions it at the forefront of financial innovation, potentially leading to significant long-term gains.
  • Square's extensive ecosystem of third-party integrations, particularly in the food and beverage sector, enhances its value proposition and operational efficiency for businesses.

What critics are saying

  • The highly competitive fintech market requires Square to continuously innovate to maintain its market position and avoid being outpaced by rivals.
  • Square's significant investment in Bitcoin introduces volatility and financial risk, which could impact its overall financial stability.

What makes Square unique

  • Square's user-friendly hardware and software solutions, including its flagship POS system, set it apart in the fintech market by offering a seamless and comprehensive business management experience.
  • The company's transparent transaction-based revenue model appeals to small business owners who prefer predictable costs, unlike competitors with more complex fee structures.
  • Square's strategic focus on integrating advanced technologies like machine learning and Bitcoin into its ecosystem demonstrates its commitment to innovation and staying ahead of market trends.

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