One day this summer, Janar Wasito got an e-mail that, in the frenzied business laboratory of Silicon Valley, was hardly remarkable. An acquaintance was helping to put together a software start-up and was comingto Wasito for business and legal advice. The acquaintance wanted to knowabout equity formation, nondisclosure agreements, and noncompete clauses.Wasito – who has worked with start-ups before – was happy to offer some tips,but also made a referral to a partner at Palo Alto’s Fenwick & West. Hisplate was too full already, and the technology wasn’t in the field thattruly excited him.

And there was one other thing. Wasito is just entering his third year ofStanford Law School. “I just kind of want to chill out,” he says. “I find itvery hard to balance school and these outside work commitments.”