Now there’s one more seeking to claim a slice of the lucrative tech pie. And it’s probably not one that you were expecting.
Withers, best known for its wealth planning work, is venturing into the sector – recently helping new government-funded tech industry body Innovate Finance to get off the ground.
As part of the push, the firm has launched an office in San Francisco, primarily with the intention of advising high net worth individuals on the West Coast. It’s also hoping to get its hands on deals for commercial clients, in particular those with business interests spanning the US and Asia Pacific.
It’s a logical move given that the US has accounted for 61 per cent of tech deals so far in 2014, according to Thomson Reuters. And there’s certainly money to be made by UK firms that are able to forge relationships with California’s budding tech giants.
Just look at Osborne Clarke. The firm won a key role on the sale of of Dr Dre’s Beats music platform to Apple for $3bn, thanks to a relationship born in its Silicon Valley office.
Also on TheLawyer.com:
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- Bristows has seen its revenue dip by 3.6 per cent to £35.4m, ending a half-decade of strong growth
- PwC is taking on the Australian legal market with the hire of two former King & Wood Mallesons lawyers
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