The exuberant reception for LinkedIn Corp.’s initial public offering may have everyone feeling like it’s the late 1990s again. But while Fenwick & West Chairman Gordon Davidson says it will spawn a host of other public offerings from social media companies, he doesn’t think we’re in a tech bubble — yet. Fenwick handles some corporate work for Facebook Inc., but Davidson declined to say whether the firm will take the company public.

Q: Why isn’t this another tech bubble?