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For more than four decades, Fenwick & West LLP has helped some of the world’s most recognized companies become, and remain, market leaders. From emerging enterprises to large public corporations, our clients are leaders in the technology, life sciences and cleantech sectors and are fundamentally changing the world through rapid innovation.  MORE >

Fenwick & West was founded in 1972 in the heart of Silicon Valley—before “Silicon Valley” existed—by four visionary lawyers who left a top-tier New York law firm to pursue their shared belief that technology would revolutionize the business world and to pioneer the legal work for those technological innovations. In order to be most effective, they decided they needed to move to a location close to primary research and technology development. These four attorneys opened their first office in downtown Palo Alto, and Fenwick became one of the first technology law firms in the world.  MORE >

From our founding in 1972, Fenwick has been committed to promoting diversity and inclusion both within our firm and throughout the legal profession. For almost four decades, the firm has actively promoted an open and inclusive work environment and committed significant resources towards improving our diversity efforts at every level.  MORE >

At Fenwick, we are proud of our commitment to the community and to our culture of making a difference in the lives of individuals and organizations in the communities where we live and work. We recognize that providing legal services is not only an essential part of our professional responsibility, but also an excellent opportunity for our attorneys to gain valuable practical experience, learn new areas of the law and contribute to the community.  MORE >

Year after year, Fenwick & West is honored for excellence in the legal profession. Many of our attorneys are recognized as leaders in their respective fields, and our Corporate, Tax, Litigation and Intellectual Property Practice Groups consistently receive top national and international rankings, including:

  • Named Technology Group of the Year by Law360
  • Ranked #1 in the Americas for number of technology deals in 2015 by Mergermarket
  • Nearly 20 percent of Fenwick partners are ranked by Chambers
  • Consistently ranked among the top 10 law firms in the U.S. for diversity
  • Recognized as having top mentoring and pro bono programs by Euromoney

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We take sustainability very seriously at Fenwick. Like many of our clients, we are adopting policies that reduce consumption and waste, and improve efficiency. By using technologies developed by a number of our cleantech clients, we are at the forefront of implementing sustainable policies and practices that minimize environmental impact. In fact, Fenwick has earned recognition in several areas as one of the top US law firms for implementing sustainable business practices.  MORE >

At Fenwick, we have a passion for excellence and innovation that mirrors our client base. Our firm is making revolutionary changes to the practice of law through substantial investments in proprietary technology tools and processes—allowing us to deliver best-in-class legal services more effectively.   MORE >

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Early signs of tech turbulence may have surfaced late last year

April 24, 2014

Corporate partner Dan Winnike spoke to the Silicon Valley Business Journal about Fenwick’s latest survey of technology and life sciences IPOs and what the data may say about drops in share prices after the lockup period ends and insiders can sell their stock.

Fenwick’s report showed an 11 percent drop in the median value of tech stocks post-lockup in the first half of 2013 and a 24 percent drop in the second half. Life sciences companies did not experience a similar drop and ended the year with slightly higher stock prices. 

However, Fenwick’s valuation calculations excluded eight tech companies that went back to the market for follow-on funding before their lockup period expired, which may have made the overall tech stock drop look larger.

"It's pretty rare for companies to do a second offering before their lockup period ends," Winnike said. "The market was pretty receptive and many of them went back for more."

Fenwick has advised on five tech and life sciences IPOs thus far in 2014, and Winnike said a dozen more were in the pipeline. “We are optimistic that the 2014 IPO market can be as strong, if not stronger, than it was last year,” he said.

"Companies generally begin their process several months before going public and there is considerable expense and diversion of management attention in an IPO period," he added. "So they watch things very carefully to try to pick the correct moment to do this."

The full article is available through the Silicon Valley Business Journal website.