Cooley LLP
Cooley LLP is an international law firm founded in 1920 in San Francisco, California, by Arthur Cooley and Louis Crowley, and now headquartered in Palo Alto, California.[1][2] With nearly 1,400 lawyers and a total workforce exceeding 3,000 people across 19 offices in the United States, Asia, and Europe, the firm specializes in advising high-growth companies, investors, and financial institutions, particularly in the technology and life sciences sectors.[3][4] Cooley is led by Chairman Joe Conroy and CEO Rachel Proffitt and maintains a single-tier global partnership structure with over 385 partners.[5][6][3] The firm's history reflects its evolution from a local practice to a global leader in innovation-driven industries. Initially established in the 1920s in San Francisco's Humboldt Bank Building, Cooley began advising on emerging technologies in the 1950s, including the formation of companies like Raychem and National Semiconductor.[1] In 1958, it helped form Draper, Gaither and Anderson, the first venture capital partnership on the West Coast, marking its early ties to Silicon Valley's entrepreneurial ecosystem.[1] The opening of its first Silicon Valley office in 1980, followed by landmark IPOs for biotech pioneers like Genentech and Amgen in the 1980s, solidified its reputation in tech and life sciences.[1] Key expansions included the 2006 merger with New York-based Kronish Lieb Weiner & Hellman to bolster corporate and litigation practices, the 2020 launch of its Singapore office during its centennial year, and the 2023 establishment of a Miami office to serve Latin American markets.[1] Cooley's practice areas encompass corporate transactions, mergers and acquisitions (M&A), intellectual property, regulatory matters, and high-stakes litigation, with a focus on venture capital, funds formation, and capital markets. Since 2010, the firm has handled over 630 life sciences deals and more than 1,000 M&A transactions valued at $555 billion since 2020, while representing funds managing over $100 billion in committed capital in the last three years.[3] It is consistently ranked as the top law firm for initial public offerings (IPOs) in technology and life sciences, advising on transformative deals for startups and established companies alike.[7] The firm's culture emphasizes inclusivity, collaboration, and innovation, earning recognitions such as the Equality 100 Award for diversity and an A grade on the Law Firm Climate Change Scorecard.[3]Overview
Founding and organization
Cooley LLP traces its origins to 1920, when Arthur Cooley and Louis Crowley established the firm in San Francisco's Humboldt Bank Building on Market Street as a general practice law firm serving local businesses.[1][8] The partnership began with a broad scope but quickly emphasized corporate law, advising clients in the burgeoning industries of the West Coast, including early technology and manufacturing sectors.[8][9] Over time, the firm evolved into a limited liability partnership (LLP) structure, which is now organized under California law to provide liability protection for its partners while maintaining the collaborative model of a traditional law firm.[10] This organizational form supports Cooley's focus on high-stakes corporate transactions and client representation without exposing partners to unlimited personal liability.[10] In the 1980s, Cooley relocated its headquarters to Palo Alto, California, positioning the firm at the heart of Silicon Valley and solidifying its role as the primary operational base for strategic decision-making and key practices.[1] In July 2025, the firm announced plans to relocate its headquarters to downtown Redwood City.[11] Early involvement in venture capital, such as advising on the formation of the West Coast's first limited partnership in 1958, laid groundwork for this shift toward innovation-driven legal services.[1]Size and financial performance
Cooley LLP employs nearly 1,400 lawyers across its global offices, supported by a total workforce exceeding 3,000 professionals as of 2025.[3][12] This scale positions the firm as a mid-sized player among the world's largest law firms, with a focus on high-value, specialized legal services that leverage its attorney headcount efficiently.[13] In fiscal year 2024, Cooley reported gross revenue of $2.15 billion, reflecting a 5.8% increase from the previous year's $2.03 billion.[14] This growth continued the firm's upward financial trajectory, building on revenue that surpassed $2 billion in 2022 amid expanding demand in key sectors.[15] The firm's performance earned it the 24th position on The American Lawyer's 2025 Am Law 200 ranking by revenue.[13] Profits per equity partner reached $3.87 million in 2024, a 9.4% rise driven by a reduction in equity partners to 224 and sustained revenue gains.[14] Cooley's financial trends demonstrate resilience and steady expansion, with revenue compounding at an average annual rate of approximately 3-6% from 2022 through 2024, fueled by its specialization in technology and life sciences that accounts for a significant portion of billings.[16] These metrics underscore the firm's ability to maintain profitability in a competitive market, even as global economic pressures influenced headcount and regional performance.[17]Leadership and culture
Cooley LLP is led by Chief Executive Officer Rachel Proffitt, who was appointed on September 18, 2023, and assumed the role effective January 1, 2024, succeeding Joe Conroy, who transitioned to chairman after serving as CEO since 2008.[18] Proffitt, a San Francisco-based corporate and securities partner, joined the firm in 2017 after 15 years at Wilson Sonsini Goodrich & Rosati, and prior to her CEO appointment, she headed Cooley's San Francisco corporate practice while serving on the firm's board of directors and strategic committee.[6] As CEO, she oversees the firm's global operations with a focus on strategic growth and client innovation.[19] The firm's culture emphasizes an entrepreneurial spirit, inclusivity, and a one-firm, team-centered approach that fosters collaboration across its offices and practice groups.[3] This environment promotes individuality while encouraging a unified commitment to client success and internal cooperation.[20] Cooley has prioritized diversity, equity, and inclusion (DEI) as core elements of its workplace, with initiatives including affinity groups for underrepresented communities, diversity fellowships for law students, and pro bono commitments to racial and social justice causes.[21] The firm has been recognized for these efforts, achieving Mansfield Rule Certification status from Diversity Lab for the promotion of diverse lawyers into leadership roles, earning the 13th consecutive designation as a Best Law Firm for Women and Diversity from Seramount in 2024 (inducted into its Hall of Fame), receiving the 12th US Gold Standard Certification from the Women in Law Empowerment Forum in 2023 for advancing women in law firm management, and attaining a perfect score on the Human Rights Campaign Foundation's Corporate Equality Index, earning the Equality 100 Award for LGBTQ+ workplace inclusion.[22][23][24][25] In terms of innovation, Cooley maintains dedicated social impact programs led by its Director of Social Impact and Sustainability, encompassing global charitable giving, nonprofit partnerships, employee volunteerism, and pro bono representation for organizations addressing environmental and social challenges.[26] The firm also advances sustainability through ESG advisory services and minimal involvement in fossil fuel-related work, earning its fifth consecutive A grade on the Law Firm Climate Change Scorecard from Law Students for Climate Accountability in 2025.[27][28] This team-oriented culture has supported Cooley's expansion into international markets by enabling seamless collaboration among its global teams.[3]History
Early years and West Coast roots (1920–1979)
Cooley LLP traces its origins to 1920, when Arthur Cooley and Louis Crowley established a general practice law firm in San Francisco, California, initially operating from the Humboldt Bank Building on Market Street.[1] The firm, then known simply as Cooley & Crowley, provided a broad range of legal services to clients in the region, reflecting the diverse commercial needs of the post-World War I era on the West Coast.[29] Over the ensuing decades, it built a reputation for reliable counsel in corporate and business matters, laying the groundwork for its eventual specialization.[8] In the 1950s, the firm began engaging with emerging technology sectors, advising on the incorporation of Raychem Corporation in 1957, a pioneering materials science company that developed heat-shrinkable plastics.[29] This work extended to assisting in the formation of National Semiconductor in 1959, supporting the company's entry into the burgeoning semiconductor industry.[29] These engagements marked early forays into high-growth industries, positioning the firm as a trusted advisor for innovative enterprises amid California's post-war economic expansion. In 1958, Cooley also played a pivotal role in organizing Draper, Gaither and Anderson, the first venture capital limited partnership on the West Coast, which facilitated investments in technology and other ventures.[1] By the 1970s, Cooley had grown to encompass a broader roster of notable representations, such as serving as counsel for Walt Disney Productions in the landmark copyright infringement case Walt Disney Productions v. Air Pirates, filed in 1971.[30] In this litigation, then known as Cooley, Crowley, Gaither, Godward, Castro & Huddleson, the firm represented Disney against underground comic publishers accused of parodying its characters, resulting in a significant victory for copyright protection in satirical works.[31] These developments underscored the firm's deepening ties to intellectual property and entertainment law, even as its core remained rooted in West Coast business advisory services. Throughout this period, Cooley's operations remained centered in California, with a gradual shift toward technology and venture capital that would accelerate in later decades.[29]Silicon Valley expansion and specialization (1980–2005)
In 1980, Cooley opened its first Silicon Valley office in Palo Alto, California, marking a pivotal expansion into the heart of the emerging technology ecosystem and positioning the firm to capitalize on the region's burgeoning innovation sector. This move coincided with the firm's representation of Genentech in its landmark initial public offering (IPO) that same year, the first for a biotechnology company, which raised $35 million and underscored Cooley's early expertise in life sciences ventures. Shortly thereafter, in 1983, Cooley advised Amgen on its IPO, further solidifying the firm's reputation in guiding high-growth biotech firms through public markets and contributing to the sector's maturation during the decade. These representations highlighted Cooley's specialization in complex securities transactions amid the tech boom, as the firm navigated regulatory challenges and investor demands for pioneering companies.[1][32][29] The late 1980s and early 1990s saw Cooley deepen its tech focus with key deals, including the facilitation of Qualcomm's IPO in 1989, which propelled the wireless communications pioneer into public markets and exemplified the firm's growing prowess in semiconductor and telecommunications law. By 1992, Cooley expanded southward by opening its San Diego office, the first by a Silicon Valley firm in the area, strategically aligning with local tech hubs like Qualcomm to serve emerging companies in wireless and biotech. This period also featured the firm's incorporation of NVIDIA in 1993, providing foundational corporate counsel to the graphics processing leader as it developed core technologies for computing and gaming. Complementing this, Cooley established a Colorado office in 1993 to support high-growth startups and the venture capital community in the Rocky Mountain region, extending its West Coast model eastward while maintaining a focus on entrepreneurial ecosystems.[1][33][34][35] Throughout the 1990s, Cooley continued to build its litigation and transactional capabilities in tech, notably counseling Qualcomm in 1998 on its high-stakes patent dispute with Ericsson, which involved essential CDMA technology patents and culminated in a global settlement that advanced wireless standards. The following year, 1999, brought further growth with NVIDIA's IPO, where Cooley served as principal counsel, raising $42 million and enabling the company's expansion in visual computing innovations. That same year, Cooley opened its Reston, Virginia office, tapping into the Northern Virginia technology corridor to advise on public and private tech matters. Cooley's life sciences practice persisted as a cornerstone, with ongoing representations reinforcing its dual specialization in biotech and high-tech sectors. By 2005, the firm established its Washington, DC office to address regulatory needs for tech clients interfacing with federal agencies, rounding out a domestic footprint tailored to innovation-driven industries.[1][36][34][1][1]Mergers, global growth, and recent challenges (2006–present)
In 2006, Cooley Godward merged with New York-based Kronish Lieb Weiner & Hellman LLP, effective October 1, establishing a significant East Coast presence and expanding the firm from approximately 440 to 550 lawyers.[37] This combination enhanced Cooley's capabilities in litigation and corporate law, aligning with its growing national ambitions.[38] The firm continued its domestic expansion with the opening of offices in Boston in 2007 and Seattle in 2008, targeting key tech and innovation hubs. International growth accelerated in 2011 with the launch of a Shanghai office to support cross-border transactions in Asia. In 2012, Cooley opened an office in Los Angeles, strengthening its foothold in media, entertainment, and venture capital sectors.[1] The 2014 combination with Washington, D.C.-based Dow Lohnes PLLC added regulatory and government affairs expertise, bolstering the firm's capital presence.[1] Further global outreach included the 2015 opening of a London office to serve European clients in technology and life sciences. In 2018, Cooley established a Beijing office, followed by expansions in 2019 to Brussels for EU regulatory matters and Hong Kong for Asia-Pacific finance. The firm opened a Singapore office in 2020 amid rising Southeast Asian deal activity, launched a Chicago office in 2021 to tap Midwest opportunities, and added a Miami office in 2023 to engage with Latin American and biotech markets.[39] Economic pressures impacted operations during this period of growth. In 2009, amid the global financial recession, Cooley laid off 114 employees, including 52 lawyers, to address reduced demand.[40] Similarly, in 2022, the firm conducted layoffs affecting 150 U.S. employees—78 lawyers and 72 staff—citing overcapacity and an unexpected economic downturn in tech sectors; it also delayed start dates for incoming first-year associates to manage headcount.[41] Cooley marked its centennial in 2020, reflecting on a century of evolution from a San Francisco startup advisor to a global firm with 19 offices across three continents, while continuing to prioritize a strategy focused on high-growth industries like technology and biotechnology.[42] This ongoing expansion has positioned the firm to navigate competitive pressures through targeted international presence and adaptive operations.[4]Practice areas
Corporate and transactional law
Cooley LLP's corporate and transactional law practice serves as a cornerstone of the firm's offerings, focusing on advising clients through complex deal-making in mergers and acquisitions, capital raising, and fund structuring. The group provides comprehensive counsel on structuring, negotiating, and executing transactions, drawing on interdisciplinary expertise to address regulatory, tax, and governance considerations. This practice supports a diverse client base, including emerging companies, established corporations, and institutional investors, emphasizing innovative solutions tailored to dynamic market conditions.[43] In mergers and acquisitions, Cooley has established itself as a leading advisor, handling over 1,600 transactions with an aggregate value exceeding $735 billion since 2020. The team's work spans public and private deals, including cross-border transactions and leveraged buyouts, often involving high-stakes negotiations and antitrust clearances. This volume underscores the practice's scale and reliability in guiding clients through competitive bidding processes and post-merger integrations.[44] The firm's capital markets practice excels in securities offerings, particularly initial public offerings (IPOs) and follow-on financings, where it holds top rankings for technology and life sciences sectors. Cooley is recognized as the most active law firm for representing issuers and underwriters in tech and life sciences IPOs, according to The Legal 500, and has secured the #1 position for U.S. healthcare and life sciences IPOs from 2016 to 2024 per Deal Point Data. These achievements reflect the practice's deep specialization in regulatory compliance under the Securities Act and Exchange Act, facilitating efficient capital access for growth-oriented companies.[7][45] Fund formation represents another key strength, with Cooley serving as primary counsel to over 800 investment fund organizations worldwide. In the last three years, the team has represented more than 960 funds achieving closings totaling over $100 billion in committed capital, encompassing venture capital, private equity, and alternative investment vehicles. This expertise includes advising on fund structuring, regulatory filings with the SEC, and investor negotiations to optimize terms and mitigate risks.[46] Beyond these core areas, Cooley's corporate practice extends to activism defense, where it counsels public company boards on strategies to counter shareholder campaigns and hostile takeovers. The firm also handles antitrust and competition matters, providing guidance on merger reviews by agencies like the FTC and DOJ, as well as compliance with global competition laws. In business restructuring, Cooley advises on debt financings, workouts, and Chapter 11 proceedings to navigate financial distress. These services integrate seamlessly with the firm's broader transactional capabilities, often applied in technology-driven contexts to support sector-specific growth.[47][48]Litigation, IP, and regulatory practice
Cooley LLP's litigation practice encompasses a broad spectrum of dispute resolution services, with key strengths in advertising, antitrust, appellate matters, arbitration, class actions, employment, insurance, and intellectual property litigation.[7] The firm's global trial practice has secured verdicts and awards worth billions of dollars, protecting clients against competitors, consumers, and regulators through over 85 trials and arbitrations in various international venues over the past decade.[12][49] This expertise is bolstered by a team including four fellows of the American College of Trial Lawyers and more than 20 former U.S. Assistant Attorneys and Department of Justice lawyers, enabling aggressive advocacy in complex commercial disputes.[49] The intellectual property practice at Cooley LLP offers fully integrated services in patents, trademarks, and copyrights, spanning prosecution, counseling, and litigation to safeguard clients' innovations across the business lifecycle.[50] With decades of experience, the team manages over 74,000 patents and trademarks globally as of 2024 and has handled more than 445 U.S. district court cases involving these assets since 2020.[50] In litigation, attorneys address patent, trademark, trade secret, copyright, and false advertising disputes in U.S. courts, the International Trade Commission, and international arbitrations, often combining technical depth with trial prowess, as seen in life sciences IP enforcement.[50] Cooley's IP efforts were shortlisted for multiple categories in the Managing IP Americas Awards 2025, including Firm of the Year for Patent Prosecution.[51] Cooley LLP's regulatory practice, under the CooleyREG banner, provides cross-disciplinary counsel on compliance, enforcement, and investigations, with specialized focus on privacy, cybersecurity, antitrust and competition law, public international law, and securities litigation.[52] The team of over 195 practitioners, including more than 45 former government lawyers, advises on interactions with over 75 agencies worldwide, earning rankings in more than 20 regulatory categories by Chambers USA in 2024.[52] Expertise covers emerging issues like artificial intelligence regulatory defense and traditional areas such as consumer finance enforcement and communications regulations before the FCC.[52][53] In pro bono work, Cooley LLP applies its litigation, IP, and regulatory capabilities to advance civil rights, criminal justice, environmental protection, and human rights causes, including filing appellate briefs on LGBTQ+ rights, voting rights, and immigrants' rights.[54] The firm handles pro bono matters in constitutional law, prisoners' rights, disability rights, and First Amendment issues, alongside IP assistance such as patent pro bono programs recognized by the USPTO in 2022.[54][55]Sector-specific expertise
Cooley LLP has developed deep expertise in high-growth sectors, tailoring its legal services to the unique needs of innovative industries such as technology and life sciences. The firm's practices emphasize supporting startups, scale-ups, and investors through complex transactions, regulatory navigation, and intellectual property protection, drawing on decades of experience in Silicon Valley and beyond.[3] In the technology sector, Cooley advises on cutting-edge areas including artificial intelligence (AI), blockchain, and alternative data monetization. The firm has ranked #1 for representations in AI venture capital transactions in multiple quarters of 2025, according to PitchBook data, with over $17.7 billion in AI VC deals handled through the end of 2024.[56][57] Its blockchain practice assists clients in implementing solutions while addressing regulatory risks in an evolving landscape.[58] Cooley also specializes in alternative data monetization and governance, helping companies build, validate, and commercialize data assets while mitigating securities, privacy, and compliance issues.[59] Overall, Cooley has maintained the #1 position for representing venture-backed companies in the US and globally for five consecutive years as of 2025, per PitchBook's league tables.[60] The life sciences practice at Cooley spans pharmaceuticals, healthcare, and biotechnology, with a focus on corporate partnering, licensing, and M&A. Since 2010, the firm has completed more than 630 life sciences corporate partnering and licensing deals, establishing itself as #1 globally for pharma and biotech licensing transactions.[3][61] This expertise traces back to incorporating Genentech, the first biotech company, in 1976, and continues through advising on immunology, oncology, and other therapeutic areas.[62] Cooley extends its sector focus to clean technology, energy, financial services, real estate, and retail, particularly for emerging companies and investors. In clean tech, the firm supports renewable energy, solar, energy storage, and water technologies through patent counseling, prosecution, and commercialization strategies.[63][64] Its energy practice addresses regulatory and transactional needs in traditional and renewable sectors.[65] In financial services, Cooley handles enforcement, regulatory compliance, and consumer finance matters.[66] The real estate group provides counsel on development, leasing, and financing for tech and life sciences clients.[67] Retail expertise includes advising on e-commerce, supply chain, and consumer-facing innovations.[65] Across these areas, Cooley's emerging companies team guides clients from formation through funding, board governance, and exits.[68] In venture capital representation, Cooley ranked #1 globally for company-side VC raises in the first half of 2025, according to LSEG's Global Venture Capital Review, handling financings totaling billions in invested capital.[69]Global presence
United States offices
Cooley LLP operates 13 offices throughout the United States, which constitute the core of its global network and house more than 80% of its workforce of over 3,000 employees, including nearly 1,400 lawyers.[3][12] The firm's headquarters is in Palo Alto, California, serving as the central hub for strategic decision-making, while the original San Francisco office, established in 1920, remains a foundational presence on the West Coast.[70][71] These domestic locations enable Cooley to provide tailored legal services across diverse sectors, with a particular emphasis on high-growth industries. The US office network is designed to capitalize on regional economic strengths, allowing the firm to deliver specialized expertise close to major client bases. In Silicon Valley and the broader West Coast, offices in Palo Alto, San Francisco, San Diego, Los Angeles, and Santa Monica focus on technology innovation, venture capital, and life sciences, supporting startups and investors in these dynamic ecosystems.[12] The New York office, bolstered by a 2006 merger that expanded the firm's East Coast footprint, concentrates on finance, capital markets, and M&A for public and private companies.[72] Meanwhile, the Washington, DC, and Reston, Virginia, offices specialize in regulatory compliance, government investigations, and policy matters, serving clients navigating federal oversight.[73] Other locations, such as Boston, Chicago, Denver, Miami, and Seattle, extend this reach into emerging tech hubs, biotech clusters, and venture ecosystems.[74] The following table outlines Cooley's current US offices, including key addresses and regional highlights:| Location | Address | Regional Focus |
|---|---|---|
| Boston, MA | 500 Boylston Street, 14th Floor, Boston, MA 02116 | Life sciences and emerging tech |
| Chicago, IL | 110 N. Wacker Drive, Suite 4200, Chicago, IL 60606 | Corporate transactions and private equity |
| Denver, CO | 1144 15th Street, Suite 2300, Denver, CO 80202 | Technology and natural resources |
| Los Angeles, CA | 355 S. Grand Avenue, Suite 900, Los Angeles, CA 90071 | Entertainment, tech, and media |
| Miami Beach, FL | 429 Lenox Avenue, Miami Beach, FL 33139 | Venture capital and Latin American investments |
| New York, NY | 55 Hudson Yards, New York, NY 10001 | Finance and capital markets |
| Palo Alto, CA (HQ) | 3175 Hanover Street, Palo Alto, CA 94304 | Technology and venture capital (headquarters) |
| Reston, VA | 11951 Freedom Drive, 14th Floor, Reston, VA 20190 | Government contracts and real estate |
| San Diego, CA | 10265 Science Center Drive, San Diego, CA 92121 | Life sciences and biotech |
| San Francisco, CA (original) | 3 Embarcadero Center, 20th Floor, San Francisco, CA 94111 | Tech startups and IP (original office) |
| Santa Monica, CA | 1333 2nd Street, Suite 400, Santa Monica, CA 90401 | Emerging companies and entertainment |
| Seattle, WA | 1700 Seventh Avenue, Suite 1900, Seattle, WA 98101 | Cloud computing and software |
| Washington, DC | 1299 Pennsylvania Avenue, NW, Suite 700, Washington, DC 20004 | Regulatory and public policy |