Cooley has recognized the work of five of its attorneys, based in New York, Washington, Colorado, and California, respectively, by promoting the lawyers to its partnership. The promotions are effective January 1, 2014.
New York-based Peyton Worley becomes a partner in Cooleys emerging company and capital markets practice. Washington-based Brendan Hughes specializes in trademark and copyright litigation. Eric Doherty advises clients on fund formation and management from a base of operations in Palo Alto. Sarah Guske and Aaron Pomeroy, who are both based in Colorado, have expertise in patent litigation and the tax aspects of transactions, respectively.
Worley has extensive experience in the advising of emerging and later-stage companies in the tech and life science industries. He also works with venture capital and growth capital firms looking for lucrative investments in these areas. Yet another area of Worley's practice involves advising clients on SEC reporting and compliance with securities laws. His hiring is part of an ambitious strategy to expand Cooleys presence in New Yorks rapidly evolving tech capital markets.
Worley used to work in Cooleys Boston office, after working as an associate in Sullivan & Worcesters office in the same city from 2001 to 2007.
I joined Cooley back in 2007. I was an associate at another firm in Boston, and when Cooley/Boston was being formed, I was asked if I wanted to come along with a couple of partners from my firm who were starting that office with a handful of other partners across the city, Worley told IFLR1000.
With its many universities and vibrant intellectual and cultural scene, Boston retains its status as a leading venue for tech start-ups, but other cities and regions are increasingly competitive in this regard.
Its clear that the New York tech scene is here to stay. Its number two in the country behind Silicon Valley, or number three behind the Valley and Boston, depending upon the year, Worley observed. The scene here is still a bit nascent but is rapidly maturing. For example, I recently assisted in the second tech IPO in New York in five years and the first ad-tech IPO ever in New York. The market is maturing and we will see even greater expansion. Its really exciting here, he added.
The JOBS Act has not totally transformed the climate for start-ups seeking to access the capital markets, but its ramifications are impossible to dismiss. Emerging companies are striving to profit from an ameliorated compliance burden, post-JOBS Act. New York is one of the venues to benefit markedly from current trends.
Were seeing a number of companies test the waters, and a significant number of IPO transactions nationwide. New York is poised to potentially have a few happen at the end of the year or next year, Worley commented.
A continued build-out of the venture capital market is happening in New York now that we have the critical knowledge base and increased investor capital coming into the city. There is greater interest from West Coast venture capital firms in putting money in New York, were seeing a maturation of the scene, and existing New York investors buying in to double-down on the city. Offices are opening of firms that used to have a presence here, but not necessarily an office.
Worley graduated summa cum laude from East Tennessee State University in 1998.