Tech giant Square eyes European panel

West coast technology company Square is preparing to appoint a roster of firms outside the US as the business gears up for significant international expansion.

West coast technology company Square is preparing to appoint a roster of firms outside the US as the business gears up for significant international expansion.

Currently Square, which produces technology that allows mobile payments on smart phones, works with a relatively small group of primarily US-based firms.

Fenwick & West, the firm that incorporated the business, is still most associated with the technology company. It has also instructed Goodwin Procter on IP matters as well as O’Melveny & Myers and Wilson Sonsini Goodrich & Rosati on a range of work.

The company’s chief lawyer, former Google antitrust specialist Dana Wagner, confirmed that international expansion was currently in Square’s sights and that it was likely to begin expanding its requirements for overseas external legal providers.

“Outside the US we don’t have any deep relationships yet, no go-to international firm, but we’re starting to develop that,” said Wagner, who was speaking to The Lawyer for this year’s Transatlantic Elite report. “One of the questions is whether we go for the one-firm approach or best of breed in each jurisdiction. Both models can work, it just depends on the firms having the right people.”

Earlier this year Square hired PayPal’s North American vice-president of products Alyssa Cutright as vice-president of international, a move that signalled its planned overseas expansion.

Wagner, Square’s first in-house lawyer, joined the company last year when it had around 100 employees. There are now more than 300 in a business that is currently processing payments worth around $5bn annually.

This year’s Transatlantic Elite, which was published this week, focuses on the strategies, activities and legal relationships of 20 technology companies including Square along with IBM, Microsoft, Facebook and Google.

It is available as a download for £149 (click here for more details).