Every good Silicon Valley lawyer knows that success in a startup practice is more like gambling than simple math. It depends on making the right bets on the right companies with the right people. Hoping to up those odds, Fenwick & West took an unusual step this year, hiring Darrell Kong, a non-lawyer, to "manage relationships" between startup clients and venture capital funds. Kong is charged with spiffing up business plans for emerging company clients and introducing them to funds -- at no cost to clients.
November 12, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The math of a startup practice is simple for law firms: Get some emerging company clients, help them get funded and hope that some of them hit it big so they can be paying legal fees for a long time.
But every good Silicon Valley lawyer knows that success in the practice is more like gambling than simple math. It depends on making the right bets on the right companies with the right people.
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