It’s been nearly six years since The Am Law Daily last checked on the state of law firm venture capitalism—the phenomenon, centered mainly in Silicon Valley, of partners investing their own money into their startup clients. When our affiliate The Recorder chronicled the investment ups and downs of Wilson Sonsini Goodrich & Rosati back in 2009, some younger partners there seemed to be questioning the practice—or at least lamenting their meager returns in the wake of the dot-com bust and the financial crisis.
But partner earnings are still making their way into client coffers—and firms are reaping both returns and deal work from their investment targets.
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