Palo Alto-based firms have been headhunting lawyers with established relationships in the innovation economy for Canadian expansions
One of Silicon Valley’s largest law firms is on the hunt for Canadian lawyers with tech expertise for a planned Toronto office, the latest northern expansion by major U.S. partnerships.
Wilson Sonsini plans to hire Toronto lawyers who can offer Canadian legal advice to tech clients in areas such as finance, takeovers and intellectual property, in addition to providing U.S. legal services. The firm plans to have between five and 10 lawyers in its Toronto office, sources said, working from the same compensation pool as U.S. partners.
After boom times during the COVID-19 pandemic, the North American tech sector is facing serious headwinds, with investment valuations falling and many firms laying off employees after expanding rapidly. The volume of deals is down dramatically compared to last year. Flagship lendercollapsed in March, kicking off a financing crisis for many tech companies and investment funds.
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