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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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The Deals, the Data and the Drivers

October 15, 2014

Douglas Cogen, Fenwick & West corporate partner and co-chair of the mergers and acquisitions group, was quoted extensively in a Mergermarket article based on a third-quarter report that analyzes leading technology, media and telecommunications (TMT) transactions and trends so far this year.

Fenwick was ranked top M&A legal advisor for TMT transactions worldwide by volume for the first three quarters of 2014 by Mergermarket.

According to the Mergermarket article, 2014 TMT transactions already total $495 billion, compared with $508 billion for all of 2013, and these deals have contributed to more than 15 percent of global M&A.

"Overall," Cogen told the publication, "valuations in TMT have been healthy, showing significant expansion over 2013 as a result of the now long-standing bull market having driven overall enterprise values to levels not seen in many years."

Cogen also attributed the health of TMT deals to the fact that the technology sector has a continual need to round out product portfolios and expand into adjacent markets. In addition, he said, U.S. companies interested in strategic acquisitions want to use their large cash reserves when capital markets are open to quality debt and equity offerings to fund deals.

Another factor for the sector's strength, Cogen said, has been major divestitures, including the Hewlett-Packard Company's plan to spin-off its PC and printer unit and eBay's intention to spin-off PayPal.

According to Cogen, one other noteworthy TMT trend is increased deal-making between the United States and the Asia-Pacific, "as Asian players strong in home markets, such as Alibaba (China) and Rakuten (Japan), seek an increased presence in the U.S. tech ecosystem across customer, partners and engineers."

The full article, “The Deals, the Data & the Drivers: TMT Deals Surge Forward Through 3Q14 Despite Heady Valuations,” is available through the Mergermarket website (subscription required).