Palo Alto – September 12, 2014 – Cooley LLP announced today that three of its partners have been named to the Daily Journal's 2014 list of the "Top 100" attorneys in California. Included on this year's list are Craig Dauchy, chair of Cooley's venture capital practice, who was previously recognized as a "Top 100" attorney; Eric Jensen, who was also previously recognized; and Charlie Kim, a newcomer to the "Top 100."
Cooley's venture capital group has closed more than 130 different funds so far this year – "a record-breaking number for Cooley," Craig Dauchy told the Daily Journal. In addition to serving as lead counsel on the formation of a $1 billion venture capital fund for Founders Fund and significant funds for Lightspeed Venture Partners and Venrock Associates, Dauchy is also at the helm of Cooley's fund formation practice in Asia, where Cooley has formed more than 100 funds for more than 40 Asia-based venture capital firms. In his interview with the Daily Journal, Dauchy discussed the technology boom over the past two years, which has resulted in an increase in IPOs and company sales, and, in turn, has enabled venture funds to return large amounts of capital to their investors. He noted that "This, in turn, has made the venture sector an attractive place to put capital."
Eric Jensen, whom the Daily Journal terms as "bullish," described the IPO and capital markets environment as "incredibly robust." In fact, Cooley advised on 63 completed offerings in the first six months of 2014. In the last twelve months, Jensen has acted as company counsel on several IPOs, including MobileIron's in its $100 million IPO and Zulily's $253 IPO. He has also served as underwriters' counsel on the IPOs of companies such as Castlight Health, Coupons.com, FireEye, Zendesk, as well as FireEye's $1.1 billion secondary offering. Eric, looking ahead, stated: "I am optimistic that there will continue to be a strong flow of capital market transactions during the balance of 2014 and into 2015, albeit with peaks and valleys due to a volatile market."
The Daily Journal commended Charlie Kim for advising Santa Monica-based Kite Pharma on its IPO, which was one of the most successful life sciences IPOs in the last decade, as well as for handling multiple public offerings for Seattle-based technology client Tableau Software, and advising the underwriters in Castlight Health's IPO. Thus far in 2014, Kim has advised on 18 completed public offerings, including 10 IPOs. "Cooley's ethos is singularly unique compared to other law firms," Charlie said. "It's absolutely foundational to the successes we're having. We check our egos at the door. It's whatever makes sense for our client. That's what makes Cooley Cooley." Cooley, the Daily Journal reported, is the top law firm handling IPOs for life sciences and technology companies.
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