Tech and life sciences companies luring venture capital to the Denver area are seeing an unintended offshoot of their success—lawyers are coming to town for new business.
Washington-founded Crowell & Moring opened an outpost in Denver this year and Bay Area-headquartered Wilson Sonsini Goodrich & Rosati planted a flag in nearby Boulder, Colo. Arnold & Porter and WilmerHale doubled the size of their Denver offices to 36 and 35 lawyers, respectively, in the past five years.
Life sciences and tech entrepreneurs are in a “virtuous cycle” of growing companies that sometimes break off with new ideas to form startups, said Tony Jeffries, a Wilson Sonsini corporate partner. “We’re seeing what happened in Silicon Valley happen here,” he said.
Colorado companies last year won $6.8 billion in venture capital funding—more than twice the amount in 2020 and the seventh most in the US, according to a report by the state government and…
