20 Best Law Firms for Startups Based on No. of Deals & Clients

Hi, I’m Chris Walton, author of this guide and CEO of Eton Venture Services.

I’ve spent much of my career working as a corporate transactional lawyer at Gunderson Dettmer, becoming an expert in tax law & venture financing. Since starting Eton, I’ve completed thousands of business valuations for companies of all sizes.

A short bio of Chris Walton, CEO of Eton

Read my full bio here.

Expert legal counsel can be the difference between whether your startup thrives or sinks. 

Over the past 15 years, I’ve worked with hundreds of startup founders for their business valuation needs and have connected them with reliable and highly experienced legal firms in the U.S.

To help you find the best startup law firms, I analyzed Pitchbook Data—a private capital market and research database—and selected 20 law firms particularly suitable for startups.

For each firm, I’ll describe:

  1. Deal count
  2. Number of companies served
  3. Specialization
  4. Location 
  5. Other helpful information to help you decide

While the number of deals and companies served doesn’t guarantee they’re great for every startup, it does show they have experience and expertise in specific fields. 

Also, my own experience with some of the firms on the list indicates that they are trustworthy and reliable for startups seeking legal guidance. 

However, please note that the information I’ll present does not constitute an endorsement of any specific firm. You should always conduct your own due diligence before selecting legal counsel.

Can Pitchbook Data Truly Identify the “Best” Law Firms for Startups?

Pitchbook Data, with its extensive VC and startup investment database, can help identify suitable law firms for startups. It tells you:

  • The number of deals a law firm has completed
  • Types of deals
  • The number of clients served
  • Deal sizes
  • Location 
  • Ratings and reviews from other clients and investors

However, relying only on metrics like deal numbers and companies served to find the “best” firm has both benefits and limitations.

Pros:

  • Objectivity: Data-driven analysis reduces bias and sentiment, providing a seemingly objective perspective.
  • Quantifiable Performance: Metrics like deal count and success rate offer tangible measures of involvement and potential outcomes.
  • Industry Insights: Categorization by industry allows identifying firms with specific expertise relevant to certain startups.

Cons:

  • Correlation ≠ Causation: High deal count doesn’t guarantee favorable terms or individual startup success. Many factors influence outcomes.
  • Focus on Deals, Not Relationships: Metrics prioritize deal volume over individual startup needs and long-term relationships.
  • Limited Qualitative Input: Client satisfaction surveys might miss deeper nuances and individual experiences.
  • Industry Focus Can Be Restrictive: Startups with unique needs could miss suitable firms outside their designated industry category.

A More Nuanced Approach:

While Pitchbook Data offers valuable insights, relying solely on its metrics for a definitive “best” firm presents an incomplete picture. Consider these additional factors:

  • Individual Startup Needs: Each startup has specific legal requirements, budget constraints, and growth goals.
  • Expertise: Pick a firm with extensive experience helping startups in your industry and navigating relevant legal matters. Their deep understanding of your field helps them anticipate challenges and provide effective solutions.
  • Industry Knowledge: Don’t settle for generalists. Find a firm that knows your industry’s unique legal landscape, regulatory specifics, and common pitfalls. This makes sure their advice meets your specific needs.
  • Firm Culture and Communication: Does the firm’s approach align with the startup’s values and communication preferences?
  • Track Record with Similar Startups: Look for specific client success stories in your industry or dealing with similar challenges.
  • Fee Structure & Transparency: Understand the firm’s billing methods and fees. Look for transparent cost estimates and flexible options that fit your budget. Predictable costs are crucial for young ventures.
  • Value Beyond Deals: Does the firm offer additional services like regulatory counseling or international expansion support?

Pitchbook Data provides a helpful starting point, but the “best” law firm for your startup is a subjective decision. 

Use the data, but go beyond numbers, delve into firm culture, individual experiences, and alignment with your unique needs to find the true legal partner for your venture’s success.

20 Best Startup Law Firms

Based on Pitchbook Data for calendar year 2023, I selected 20 top law firms for startups, sorted by number of venture capital deals above $2.0 million during the calendar year.

Hire Business Valuation and Startup M&A Specialists

At Eton Venture Services, we’re a team of ex-Lawyers and Big 4 Consultants who specialize in startup advisory and business valuations.

Over the years, we’ve delivered over 3000+ thorough, robust startup valuations and have supported thriving startups like Pinterest, Substack and Perplexity.ai.

Contact us here to learn more about our services—and please note, if we can’t help you, we’ll be happy to help you find the best law firm for your needs.

Substack

1. Cooley

No. of Deals: 406

No. of Serviced Companies: 1672

Specialization: Tech and life sciences

Based In: Palo Alto, California, USA, with offices worldwide including London and Brussels

Company Website: https://www.cooley.com/ 

Cooley LLP is a prominent global law firm known for its expertise in representing high-growth technology and life sciences companies.

With over 1,300 lawyers across 19 offices in the United States, Asia, and Europe, Cooley excels in corporate law, intellectual property, litigation, and regulatory matters.

2. Gunderson Dettmer

No. of Deals: 340  

No. of Serviced Companies: 1657  

Specialization: Venture capital, emerging companies

Based In: HQ in California, with offices worldwide including São Paulo, Beijing, Singapore

Company Website: https://www.gunder.com/en 

Gunderson Dettmer is a leading law firm for venture capital and emerging companies. (Fun Fact: I’m an ex-Gunderson lawyer!)

Ranked #1 VC firm globally by PitchBook for ten years, they offer expert legal services for all business stages.

Gunderson Dettmer works with AI, fintech, crypto, and life sciences industries.

Their specialties include corporate strategy, data privacy, mergers, IPOs, debt financing, executive compensation, and more.

📖 Related Read: Venture Capital Valuation: 7 VC Valuation Methods & the Process

3. Wilson Sonsini Goodrich & Rosati

No. of Deals: 315  

No. of Serviced Companies: 1744  

Specialization: Technology, life sciences

Based In: Headquartered in Palo Alto, California, USA, with offices across the United States and internationally such as Beijing, Brussels, Hong Kong, London, and Shanghai.

Company Website: https://www.wsgr.com/en/ 

Wilson Sonsini Goodrich & Rosati (WSGR) is a top law firm for technology, life sciences, and growth enterprises.

Founded in 1961 in Palo Alto, they have been pivotal in major IPOs, such as Apple and Google, and recently represented Twitter in the $44 billion take-private bid by Elon Musk. 

WSGR offers services in corporate law, intellectual property, litigation, and regulatory affairs.

📖 Related Read: Intellectual Property Valuation | 5 Methods & Checklist

4. Orrick

No. of Deals: 254  

No. of Serviced Companies: 696  

Specialization: Technology, energy, infrastructure, finance

Based In:  Headquartered in San Francisco, California, USA, with offices globally including London, Paris, Tokyo, and Beijing.

Company Website: http://orrick.com/ 

Orrick, Herrington & Sutcliffe LLP is a global law firm specializing in technology, energy, infrastructure, and finance.

The Financial Times has named them a top three innovative law firm for seven years.

Their services include antitrust, AI, cybersecurity, complex litigation, and more.

5. Goodwin

No. of Deals: 250  

No. of Serviced Companies: 853  

Specialization: Life sciences, private equity, real estate, technology, and financial services industries

Based In: Headquartered in Boston, Massachusetts, USA, with offices across North America, Europe, and Asia

Company Website: http://goodwinlaw.com/ 

Goodwin Procter LLP is a global law firm started in 1912. It has offices in major financial and tech centers around the world. 

The firm works in sectors like life sciences, private equity, real estate, technology, and financial services.

It’s known for its expertise in complex transactions, high-stakes litigation, and regulatory compliance.

6. Fenwick & West

No. of Deals: 178  

No. of Serviced Companies: 781  

Specialization:  Life sciences and technology

Based In: Headquartered in California, USA, with offices in San Francisco, Seattle, New York, and Shanghai.

Company Website: http://fenwick.com/ 

Founded in 1972, Fenwick & West LLP is a top law firm specializing in technology and life sciences. They are famous for helping to incorporate Apple and taking Oracle and eBay public. 

Fenwick is known for its practice in:

  • Corporate law
  • Intellectual property (IP)
  • Litigation
  • Regulatory compliance

They also use AI and data-driven pricing tools to better serve their clients.

7. Latham & Watkins

No. of Deals: 88  

No. of Serviced Companies: 447  

Specialization: Full-service firm

Based In: Los Angeles, California, USA, with offices globally including London, Paris, Tokyo, Beijing

Company Website: http://lw.com/ 

Latham & Watkins LLP, founded in 1934, is a leading global law firm with over 3,500 lawyers in 14 countries. They are known for handling big deals like Reddit’s $748 million IPO and Viking’s $1.54 billion IPO. 

They serve many industries, including:

  • Technology
  • Healthcare
  • Life sciences
  • Energy
  • Financial institutions

Latham & Watkins offers a wide range of services, such as:

  • Antitrust and competition
  • Banking
  • Bankruptcy litigation
  • Capital markets
  • Corporate governance

They are known for their innovative approach and have received many top industry awards, including “Most Innovative Law Firm in North America” by the Financial Times.

8. Pillsbury Winthrop Shaw Pittman

No. of Deals: 74  

No. of Serviced Companies: 247  

Specialization: Energy, real estate, financial services, technology

Based In: Headquartered in New York, USA, with offices across the US, Europe, and Asia

Company Website: http://pillsburylaw.com/ 

Pillsbury Winthrop Shaw Pittman LLP is a well-known law firm founded in 1868. It excels in technology, energy, financial services, and real estate sectors.

Pillsbury offer many services, including:

  • Intellectual property
  • Privacy law
  • Cybersecurity
  • Crisis management
  • Regulatory

Pillsbury is known for its innovative practices and excellent client service, with many awards from Financial Times and BTI Consulting.

9. Perkins Coie

No. of Deals: 66  

No. of Serviced Companies: 438  

Specialization: Intellectual property, litigation, privacy law, and more

Based In: Seattle, Washington, USA, with offices across the United States and Asia including Beijing, Shanghai, and Taipei.

Company Website: http://perkinscoie.com/ 

Perkins Coie LLP is a top international law firm, Known for working with clients like Google and Amazon.

The firm has many practice areas, including:

  • Intellectual property
  • Litigation
  • Privacy law
  • Environmental law
  • Labor and employment
  • Mergers and acquisitions

Perkins Coie serves various industries such as technology, aerospace and defense, energy, healthcare, and fintech.

10. Dentons

No. of Deals: 43  

No. of Serviced Companies: 170  

Specialization: Energy, healthcare, technology, etc.

Based In: New York, Washington D.C., London, and Beijing, and more.

Company Website: http://dentons.com/ 

Founded in 2013, Dentons is the world’s largest law firm with over 12,000 lawyers in more than 200 locations across 80+ countries. They offer a wide range of legal services, including:

  • Capital markets
  • Competition and antitrust
  • Corporate law
  • Corporate governance

Dentons excels in sectors such as energy, healthcare, and technology.

11. Foley Hoag

No. of Deals: 34  

No. of Serviced Companies: 80  

Specialization: Life sciences, healthcare, technology, energy, etc

Based In: Headquartered in Boston, Massachusetts, USA, with offices in Denver, New York, Washington D.C., and Paris.

Company Website: http://foleyhoag.com/ 

Foley Hoag LLP, founded in 1943, is known for its strong commitment to diversity and inclusion, having promoted the first African-American partner in a Boston law firm. 

Their practice areas include:

  • Corporate law
  • Intellectual property
  • International litigation and arbitration
  • Litigation and investigations
  • Government and regulatory

They serve many industries such as:

  • Healthcare
  • Cannabis
  • Consumer and retail
  • Education
  • Energy and climate
  • Technology
  • Life sciences
  • Private funds

The firm is recognized for its supportive, collegial culture.

12. Reitler Kailas & Rosenblatt

No. of Deals: 32  

No. of Serviced Companies: 62  

Specialization: Venture capital deal financings

Based In: Headquartered in New York, USA, with additional offices in Princeton and Santa Monica.

Company Website: http://reitlerlaw.com/ 

Reitler is a premier full-service law firm and leading venture firm. They have worked on over 2,000 venture financings and are consistently ranked in the Top 10 for venture capital deal activity.

Specializations:

  • Business and transactions
  • Litigation and arbitration
  • Tax and tax structuring
  • Private fund regulatory and compliance
  • Restructuring and creditor’s rights

Reitler caters to both emerging and established businesses with a high-touch, client-specific approach.

13. Silicon Legal Strategy

No. of Deals: 31  

No. of Serviced Companies: 215  

Specialization: Venture financings and M&A

Based In: Headquartered in San Francisco, California, USA, with offices in Los Angeles, Denver, and Austin.

Company Website: https://www.siliconlegal.com/ 

Silicon Legal Strategy is a top boutique law firm, specializing in corporate counseling, venture financings, mergers and acquisitions (M&A), and enterprise commercial transactions.

It has been recognized among the top 10 most active venture capital law firms by PitchBook for five consecutive years. Silicon Legal Strategy has handled over 2,000 venture financings and more than 125 M&A transactions since 2019.

It serves clients in various industries, including:

  • Internet and social media
  • Enterprise software
  • E-commerce
  • Gaming
  • Health tech
  • Edtech
  • Adtech
  • Sharing economy
  • Hardware/IoT
  • Fintech

Notable clients include Webflow and Lyft.

14. Polsinelli

No. of Deals: 28  

No. of Serviced Companies: 92  

Specialization: Full service

Based In: Headquartered in Missouri, USA, with offices nationwide.

Company Website:  https://www.polsinelli.com/ 

Polsinelli, established in 1972 in Kansas City, Missouri, is a full-service law firm with over 1,000 attorneys across 23 offices nationwide. 

Their core industries include healthcare, finance, real estate, technology, private equity, and life sciences. 

They offer many services, some of them being intellectual property, labor and employment, litigation, and corporate and transactional law.

The firm is highly regarded for its collaborative culture and commitment to client service.

15. WilmerHale

No. of Deals: 27  

No. of Serviced Companies: 209  

Specialization: Intersection of government and business

Based In: Headquartered in Washington D.C. and Massachusetts, USA, with offices across the US and internationally in Berlin, Brussels, Frankfurt, London, and Beijing.

Company Website: https://www.wilmerhale.com/ 

WilmerHale, established in 2004, is a leading international law firm working at the intersection of government and business to support clients across industries, from finance to life sciences to technology. 

With over 1,000 lawyers in 13 offices globally, their practice includes more than 500 litigators with deep trial, appellate, and Supreme Court experience; a preeminent securities law practice with over 200 lawyers; a regulatory practice with 100+ former high-level government officials; an IP practice with 100+ lawyers holding scientific degrees; and nearly 200 corporate lawyers, plus experts in bankruptcy, environmental, labor and employment, real estate, and tax matters​.

16. McDermott Will & Emery

No. of Deals: 24  

No. of Serviced Companies: 94  

Specialization: Health, Life Sciences, media, and more

Based In: Headquartered in Chicago, Illinois, USA, with offices globally.

Company Website: http://mwe.com/ 

McDermott Will & Emery is an international law firm. 

They serve many industries, including:

  • Energy
  • Food, beverage, and agribusiness
  • Healthcare
  • Insurance
  • Life sciences
  • Media, entertainment, and sports
  • Private equity
  • Technology

Some of the many services they offer include antitrust, business restructuring, corporate, crisis management, employment, cybersecurity, intellectual property, international trade, litigation, ESG, and tax.

McDermott focuses on client goals, honest communication, and a commitment to continuous improvement and excellence​.

17. Michael Best & Friedrich

No. of Deals: 24  

No. of Serviced Companies: 46  

Specialization: Full-service law firm

Based In: Headquartered in Wisconsin, USA, with offices across the US

Company Website: http://michaelbest.com/ 

Michael Best & Friedrich LLP is a full-service law firm. 

They offer services in the following:

  • AI services
  • Capital markets
  • Corporate issues
  • Intellectual property
  • Labor and employment relations
  • Litigation
  • Privacy and cybersecurity
  • Regulatory matters
  • Tax issues

It works across industries such as:

  • Agribusiness
  • Digital technology
  • Energy
  • Food and beverage
  • Healthcare
  • Life sciences
  • Manufacturing
  • Technology

The firm is known for its collaborative, interdisciplinary approach to serving clients worldwide. 

18. Morris Manning & Martin

No. of Deals: 24  

No. of Serviced Companies: 58  

Specialization: Transactional, litigation, and regulatory services

Based In: Headquartered in Atlanta, Georgia, USA, with offices in Washington D.C., Raleigh-Durham, and Savannah.

Company Website: http://mmmlaw.com/ 

Morris, Manning & Martin LLP is a full-service AmLaw 200 law firm.  It works with all kinds of clients, from Fortune 50 companies to tech start-ups, and real estate businesses to international companies. 

Known for their excellence in transactional, litigation, and regulatory services, they specialize in industries like corporate technology, financial services, healthcare, hospitality, insurance, and real estate.

MMM focuses on building strong relationships with their clients, treating them as partners rather than transactions.

19. Morse

No. of Deals: 23  

No. of Serviced Companies: 58  

Specialization: Corporate law, employment, intellectual property, and litigation

Based In: Headquartered in Massachusetts, USA, with an additional office in Boston

Company Website: https://www.morse.law/ 

Morse served clients from startups to Fortune 1000 companies. The firm focuses on corporate law, employment, intellectual property, and litigation. 

They cater to industries such as AI, fintech, healthtech, life sciences, SaaS, IoT, and media, among others. 

20. Nelson Mullins Riley & Scarborough

No. of Deals: 22  

No. of Serviced Companies: 146  

Specialization: Corporate, litigation, intellectual property, and government relations

Based In: Headquartered in South Carolina, USA, with offices across the US

Company Website: https://www.nelsonmullins.com/ 

Nelson Mullins is an Am Law 100 firm. It specializes in corporate, litigation, intellectual property, and government relations for Fortune 500, venture funds,  emerging growth companies, academic institutions, non-profits, individuals, and trusts.

Have any questions about these law firms or about our business valuation services? Please feel free to call or email me here. I will be happy to answer all your questions.

Best Law Firm for Startups – FAQs

Have more questions about law firms for startups? I answered them below:

Why do startups need a specialized law firm?

Startups operate in a dynamic and complex legal environment, and often require support to navigate various challenges. Here are key reasons why:

  • Industry-Specific Regulations: Unlike established businesses, startups navigate industry-specific regulations regarding intellectual property, incorporation, and compliance matters. Specialized legal counsel possesses in-depth understanding of these complexities, ensuring compliance and minimizing risk for long-term sustainability.
  • Tailored Expertise: Startups require guidance beyond basic compliance. Legal issues like capital structuring, shareholder agreements, and employee contracts demand expertise specific to the startup ecosystem. Specialized lawyers understand the unique challenges and opportunities startups face, providing strategic legal solutions that fuel growth.
  • Budget-Conscious Solutions: Operating with limited resources, startups cannot afford traditional law firms catering to large, complex cases. Specialized legal support recognizes this limitation and offers flexible fee structures, balancing affordability with legal expertise. They tailor solutions to fit a startup’s financial constraints, maximizing ROI.
  • Network and Connections: Specialized legal counsel serves as more than just advisors. They leverage their experience within the startup ecosystem to connect startups with potential investors, venture capital firms, and other valuable resources. This network helps secure funding and propel the company towards its goals.

Specialized legal support empowers startups to navigate complex legal landscapes, secure funding, and achieve sustainable growth. 

It’s an investment that provides not just legal expertise, but also strategic guidance and access to valuable networks, ultimately contributing to the success of the young company.

The dynamic world of startups necessitates legal support that can keep pace. Here are key trends shaping startup law firms in 2024:

  1. Deep Dives, Not One-Size-Fits-All: Gone are the days of generic startup legal support. Firms are increasingly specializing in niche areas like FinTech, biotech, AI, or sustainable energy, offering tailored expertise for specific challenges.
  2. Fee Flexibility Meets Startup Budgets: Recognizing financial constraints, law firms are adapting with flexible fee structures. This includes discounted rates, deferred payments, or even equity-based compensation, ensuring cost-effective legal solutions for young ventures.
  3. Navigating the Regulatory Maze: The ever-evolving regulatory landscape can be daunting for startups. Law firms are taking a proactive approach, helping startups implement compliance measures from the get-go to minimize legal risks and bureaucratic hurdles.
  4. Safeguarding Innovation: Intellectual property is the lifeblood of many startups. Law firms are offering comprehensive strategies to protect key assets, including patents, trademarks, copyrights, and trade secrets, fostering secure growth.
  5. Going Global, Legally: As startups expand beyond borders, law firms are stepping in with cross-border legal support. They help navigate diverse legal systems, regulations, and business practices, ensuring smooth international expansion.

By embracing these trends, startup law firms can provide the specialized, adaptable, and cost-conscious support that young companies need to navigate the legal landscape and achieve sustainable growth.

The cost of legal services for a startup can vary widely based on factors like location, complexity of legal needs, and the specific services required. Here’s a general range to give you an idea:

  1. Incorporation:
    • Basic incorporation services: $500 – $2,000
    • Comprehensive packages (including shareholder agreements, bylaws, etc.): $1,000 – $5,000
  2. Ongoing Legal Advice:
    • Hourly rates: $150 – $500 per hour
    • Monthly retainers: $1,000 – $10,000 per month, depending on the firm’s reputation and the complexity of the legal needs.
  3. Contract Drafting and Review:
    • Simple contracts (NDAs, employment agreements): $200 – $1,000 per contract
    • Complex contracts (partnership agreements, financing agreements): $1,000 – $5,000 or more per contract
  4. Intellectual Property (IP) Services:
    • Trademark registration: $500 – $2,000 per trademark
    • Patent filing: $5,000 – $20,000 or more per patent, depending on complexity
  5. Funding and Financing:
    • Seed funding rounds: $2,500 – $10,000
    • Series A and beyond: $10,000 – $50,000 or more, depending on the size and complexity of the round
  6. Miscellaneous Legal Services:
    • Compliance and regulatory advice: $150 – $500 per hour
    • Dispute resolution and litigation: $300 – $600 per hour, with potential additional costs for court fees and settlements

get in touch

Let's talk.

President & CEO

Chris co-founded Eton Venture Services in 2010 to provide mission-critical valuations to venture-based companies. He works closely with each client’s leadership team, board of directors, internal / external counsel, and independent auditor to develop detailed financial models and create accurate, audit-proof valuations.

Table of Contents

Related Posts

Schedule a Meeting