Fenwick Sees Healthy Gains in Revenues, Profits

February 03, 2014

​“As if a 13 percent gain in revenue in 2012 wasn't enough, Fenwick & West grew revenue another 5.8 percent, to $274.5 million, in 2013,” The Recorder opens in an article on Fenwick’s growth over the past fiscal year. 

With 2013 being Fenwick’s strongest year yet, Chairman Richard Dickson told The Recorder, “It was a particularly strong year for transactions as well as securities litigation and patent litigation, but each of our core practice areas contributed meaningfully to our revenue growth.”

The article notes that Fenwick worked on 10 initial public offerings this past year “for Valley tech companies or their underwriters.” The firm also completed five convertible debt offerings, raising more than $2 billion for clients like Concur, ServiceNow, Shutterfly, Proofpoint and Workday, and completed six follow-on equity offerings for companies like Facebook, Tableau Software and Zillow.

“[Fenwick] also represented Cisco in a slew of acquisitions, including Sourcefire for $2.7 billion and Israel-based Intucell for $475 million,” the article continues.

In 2013, Fenwick’s tax team represented Eaton on tax matters related to the company’s $11.8 billion acquisition of Cooper Industries, forming a new, public global power management company based in Ireland, and Fenwick’s FLEX by Fenwick business continued to see strong growth. The only initiative of its kind to come from an AmLaw200 firm, FLEX provides interim in-house legal support to high-growth companies cost effectively.

In 2013, Fenwick was named The Recorder’s Securities Litigation Department of the Year, among 10 law firms on The National Law Journal’s IP Hot List and Pro Bono Hot List, and U.S. News – Best Lawyers® ranked Fenwick in the first tier nationally for patent litigation and intellectual property litigation, which all led to Law360 naming Fenwick the Technology Group of the Year in January.

"Momentum really started building in May and continued building throughout the year and into this year," Dickson told The Recorder. "I'm very optimistic about this year."

The full article is available through The Recorder's website (subscription required).​