The Cap Lawyer

Raise money without giving away more than you need to.

I'm David Turney, Co-Founder and Managing Partner of Avery Law. I help founders raise, invest and exit, and help investors back them on terms that work for everyone.

A free, no-obligation first call. Nothing you tell me commits you to anything.

David Turney, Co-Founder and Managing Partner of Avery Law, wearing an averylaw cap
Best Fundraising Lawyer2021 and 2023
15+ yearsadvising on corporate, venture and finance deals
Hundreds of startupsadvised from pre-seed to Series B and exit
Trained at Allen & Overythen in-house, then co-founded Avery Law
Every stage of the cap tablefrom founder equity to secondary sales

How I help

Most of my work comes back to the cap table: who owns what, on what terms, and what that means when the company raises again or is sold.

Founders raising money

From your first angel cheque to a priced round led by a VC fund, including SEIS and EIS.

  • SAFEs and ASAs
  • Convertible loan notes
  • Priced rounds
  • Term sheets

Investors and VC funds

Investment documents, follow-on rounds and portfolio support for angels, syndicates and funds.

  • Term sheets
  • Subscription and shareholders' agreements
  • Follow-ons

Cap tables and share schemes

Getting the cap table clean before a raise, and rewarding the people who build the company.

  • Cap table clean-ups
  • Option pools and EMI
  • Vesting and sweat equity

Exits and secondaries

Share sales, acquisitions and secondary sales, so founders and early investors are ready when the offer comes.

  • Share sales
  • M&A
  • Secondary sales
  • Restructurings

What clients say

Founders and investors I have worked with, in their own words.

"We have been working with them for the past 5 years, across 3 funding rounds and multinational growth of the business… David and Jessica have been our go-to team for every legal need, and we highly recommend them to every other start-up we meet."
Aaron LinCOO, Mindstep
"David and Simon were instrumental in getting the Grace Beverley deal over the line… Most of all, we appreciated that they gave practical, commercial advice rather than just pointing out risks."
Charles RobinsonCEO and Founder, Water2
"Exceptional firm and team, who truly understand a company's needs, and fight your corner brilliantly. We've used Avery Law for years now, and couldn't recommend David and his team more."
Dil HussainCEO and Co-Founder, Dines

What happens next

No forms to fill in beforehand and no sales pitch.

  1. We talk

    Tell me what's going on in your own words: the round, the cap table, the deal on the table.

  2. You get a clear view

    You leave the call knowing where you stand and what founders or investors in your position typically do next.

  3. We scope it together

    If there's work to do, you'll know what it involves and roughly what it costs before anything starts.

Raising soon, or got a messy cap table?

Book a free consultation and let's talk it through.

Prefer LinkedIn? Send me a message.