Editor’s note: This is the second of a two-part series looking at the deal-making environment and the impact on Silicon Valley’s largest law firms. Read the first part of the series here. 

Big Law firms are bullish on the resilience of the tech sector, despite a recent cooling of mergers and acquisitions work and multiple layoffs in the tech industry. And while capital markets work has slowed down this year, corporate partners at Silicon Valley law firms predict work will shift to M&A activity in the coming months.

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