Orrick in San Francisco (Jason Doiy)
Orrick, Herrington & Sutcliffe, having watched the bulk of its Hong Kong office decamp this year for Morgan, Lewis & Bockius, has itself dipped into the lateral market by bringing aboard Squire Patton Boggs technology partner Matteo Daste in San Francisco and Silicon Valley.
Daste, who joined what was then Squire Sanders in early 2012 from Buchalter Nemer, focuses on corporate finance and securities transactions. Italian by birth, many of his clients include startups in Italy and Southern Europe. Daste recently advised Italy’s Plat.One, an Internet of things company, on its sale to German business solutions and software giant SAP SE. The deal closed in January.
“My perception is that Orrick has been the most dominant international technology company platform here in the Bay Area,” Daste said about his move to the firm. “So it was a natural fit for me to be here.”
Daste, pictured right, expects 2017 to bring an influx of European technology companies into Silicon Valley. Daste noted that in mid-2016, he began looking for a firm that could better serve the 100-plus, early-stage companies that he represents. A legal search firm pointed him toward Orrick, which has offices in nine European cities, including Milan and Rome.
“Matteo brings a terrific portfolio of technology companies and a reputation as a trusted advisor,“ said Stephen Venuto, head of Orrick’s technology companies group, in a prepared statement released by the firm. “We’re focused on serving the tech ecosystem globally, and Matteo’s strong ties to the Italian entrepreneurial community are a natural fit with our leading Bay Area technology companies practice and our #1 ranked European venture capital practice.”
Daste comes to Orrick’s office in Menlo Park, California, a month after the arrival of Glynna Christian, formerly the leader of Kaye Scholer’s technology and digital transactions group. Christian, who left the latter following its merger with Arnold & Porter, now co-heads Orrick’s technology transactions team. In September, Orrick brought on Blake Ilstrup—a former lawyer with Cooley and now-defunct Heller Ehrman’s Venture Law Group—as a partner and head of its technology companies group in Seattle.
Orrick also bolstered its corporate team in Europe last month by picking up private equity partners Ylan Steiner and Christoph Brenner in London and Munich, respectively, from King & Wood Mallesons’ faltering European arm.