SAN FRANCISCO — When San Jose’s Open Source Systems went bankrupt two years ago, it left Fenwick & West’s David Bell with an unpaid bill of $125,534.16. That’s something that, as the recession threatens to take down a whole slew of startups, Bell and other corporate lawyers are trying to avoid. But in Silicon Valley, attorneys are caught between their law firms’ demands for revenue and the need to work agreeably with venture capitalists and serial entrepreneurs the lawyers hope to work with again.
“Even at the end of a startup’s life, you know that these are people that are probably going to start up other companies in the future,” Bell said. “All of what we do is about relationships: We represent companies, but it’s people who hire us.”
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