Full-Time

Head of Legal

Updated on 12/19/2024

Magic Labs

Magic Labs

51-200 employees

Provides secure, passwordless authentication solutions

Consumer Software
Cybersecurity

Compensation Overview

$250k - $275kAnnually

Mid, Senior

Remote in USA

Category
Legal
Legal & Compliance
Required Skills
Blockchain
Requirements
  • 4-6 years of legal experience, preferable including time at a top law firm and as in-house counsel at a technology or fintech company.
  • Deep personal interest and/or experience using blockchain-based technologies and the DeFi ecosystem.
  • A proactive approach to problem-solving, strong organizational skills, and the ability to thrive in a fast-paced startup environment where guidance can be minimal and responsibilities evolve rapidly.
  • Experience working with consumer-facing digital products, platforms, or SaaS solutions, and understanding their associated legal and compliance considerations.
  • J.D. from a top law school and active bar membership in good standing.
Responsibilities
  • Monitor and analyze evolving regulatory landscapes in the U.S. and internationally, particularly with respect to digital assets and blockchain-based financial products.
  • Advise on compliance frameworks related to money transmitter laws, securities laws, commodities regulations, AML/KYC requirements, sanctions, and tokens.
  • Advise on IP strategy, protect proprietary technology, and manage filings, licensing, and enforcement as needed.
  • Identify potential legal risks and proactively develop strategies to mitigate exposure in a rapidly evolving technological and regulatory environment.
  • Work closely with product, engineering, marketing, and business development teams to integrate legal considerations into product design and strategic initiatives.
  • Educate internal stakeholders on legal topics, ensuring that all teams remain informed and empowered to make compliance-conscious decisions.
  • Draft, negotiate, and review a variety of commercial agreements, including SaaS contracts, vendor agreements, partnership frameworks, and licensing deals.
  • Create and maintain Magic’s privacy policies, terms of use and other online documents, policies, standards and related processes.

Magic Labs provides secure, passwordless authentication solutions for web and mobile applications. Their main product, Magic.link, allows users to log in to various applications using methods like magic links sent via email or SMS, eliminating the need for traditional passwords. This approach not only enhances security by reducing the risk of breaches associated with password systems but also improves user experience by simplifying the login process. Unlike many competitors, Magic Labs focuses on a "wallet as a service" model, offering a subscription-based platform that includes features such as continuous risk monitoring and real-time service updates. The company's goal is to enhance security and streamline user experiences while ensuring compliance with industry standards.

Company Stage

Seed

Total Funding

$82.7M

Headquarters

San Francisco, California

Founded

2020

Growth & Insights
Headcount

6 month growth

-34%

1 year growth

-38%

2 year growth

-21%
Simplify Jobs

Simplify's Take

What believers are saying

  • Integration with AI-driven fraud detection enhances security with real-time threat analysis.
  • The rise of decentralized identity solutions expands Magic Labs' authentication service opportunities.
  • Growing demand for cross-chain interoperability tools aligns with Magic Labs' Newton network.

What critics are saying

  • Increased competition from Torus and Portis may impact Magic Labs' market share.
  • Rapid blockchain evolution requires continuous platform updates, straining Magic Labs' resources.
  • Reliance on blockchain network partnerships poses risks if these networks face issues.

What makes Magic Labs unique

  • Magic Labs offers instant non-custodial wallet creation with email or social logins.
  • The company provides a seamless web3 onboarding experience without seed phrases or browser extensions.
  • Magic Labs' Newton network enables cross-chain interoperability and unified liquidity solutions.

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Benefits

100% remote team

Flexible hours

Unlimited vacation

Health, dental, & vision coverage

Professional growth stipend

Home office stipend

Top-of-the-line equipment

401k