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DLA Piper advises SalesLoft in its US$100 million Series E financing

DLA Piper represented Atlanta-based start-up SalesLoft in its recent US$100 million Series E financing led by Owl Rock Capital, with participation from Insight Partners, HarbourVest, and Emergence.

SalesLoft’s sales engagement platform helps industry-leading companies generate more revenue and deliver better experiences to their customers. DLA Piper also advised SalesLoft in its US$70 million Series D round in 2019. The company has now raised a total of US$245 million and is valued at US$1.1 billion.

“We were proud to again partner with SalesLoft in its latest financing round, bringing our wide-ranging experience advising high-growth technology companies on complex transactions to achieve a successful result. We look forward to supporting SalesLoft in its success as it expands its customer base and continues to transform the sales industry,” said Jeffrey Leavitt, the DLA Piper partner who led the firm’s deal team.

“Working with Jeff and the DLA Piper team has been a phenomenal experience. The team provides an exceptional level of support and guidance, and their attention to detail and professionalism ensured that closing this financing round was a smooth and efficient process,” said Kyle Porter, CEO of SalesLoft.

“DLA Piper brings a business-oriented approach to every matter they take on, and Jeff’s background as a former VC and entrepreneur himself gives him a unique ability to understand and prioritise the business issues we care about. The firm’s focus and responsiveness was a key factor in helping us secure this funding and move our goals forward. We were extremely pleased to partner with them once again,” said Chad Gold, CFO of SalesLoft.

In addition to Leavitt (Atlanta), the DLA Piper team advising SalesLoft included partners Stacy Paz (Silicon Valley), Julia Kovacs and Jennifer Kashatus (both of Washington, DC); and associates Puja Vadodaria and Mario Bolaños (both of Atlanta).

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers in the US who provide strategic counsel to emerging companies in high-growth industries, including biotech, manufacturing, communications, software and semiconductors. Over the last three years, DLA Piper has completed more than 2,100 financings totalling over US$31 billion.

DLA Piper’s global Technology sector lawyers work across practice areas and offices to support technology clients – from start-ups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.

Duane Morris receive Women’s Impact Network for Success awards

The Duane Morris Women’s Impact Network for Success (WINS) has honoured three attorneys for their efforts to advance women in the legal profession. Manita Rawat, managing partner of the firm’s Silicon Valley office, and Chicago partner Lisa T. Scruggs received the Cheryl Bryson Leadership Award. Philadelphia partner Linda B. Hollinshead received the Margery Reed Professional Excellence Award. Rawat, Scruggs and Hollinshead received the awards at Duane Morris’ virtual annual firmwide meeting.

The Cheryl Bryson Leadership Award recognises significant contributions, including professional development, leadership and mentoring, made by a lawyer to women in the legal profession. The award is named in honour of the late Cheryl Blackwell Bryson, a Duane Morris partner in Chicago who died in January 2012 after a long battle with cancer. Bryson was a leader in many significant civic and community causes, and she was repeatedly honoured throughout her career as a major pioneer, both as a female lawyer and as a lawyer of colour.

Likewise, Margery Reed spent her entire professional career as an attorney at Duane Morris, including 24 years as a partner of the firm. As demonstrated by her numerous awards, including her admission as a fellow in the prestigious American College of Bankruptcy, Reed was repeatedly recognised as one of the best commercial bankruptcy lawyers in the country. A consummate partner, Reed was incomparably selfless in giving of her time and talents to assist her colleagues and mentor junior lawyers. She was a true professional in every sense, and her unwavering commitment to her clients and colleagues, the firm and the profession of law is the reason this award for professional excellence is given in her name.

Despite her extremely busy schedule, Manita Rawat was chosen for going out of her way to work with young female lawyers and serve as a mentor to them in terms of “work product, marketing and what it means to be a good firm citizen.” She is committed to having open and honest discussions with young attorneys related to practice and personal issues.

Rawat is the managing partner of the firm’s Silicon Valley office and a member of the firm’s Intellectual Property Practice Group. She counsels clients on a variety of issues related to intellectual property, working primarily with software, mechanical and aerospace technologies. Rawat also has significant experience with patent office post grant proceedings (including inter-parts review and re-examination). She also has substantial experience in supporting intellectual property issues related to corporate deals, such as mergers and acquisitions and investment funding. Rawat also assists clients in patent licensing and transactional matters, including structuring, negotiating and drafting agreements. She has significant experience with providing technical support on patent litigation matters at various stages of a case as well. In 2020, Rawat was honoured with a Women of Influence Award from Silicon Valley Business Journal. She is a member of the firm’s governing Partners Board and serves on the firm’s Diversity and Inclusion Committee.

Lisa T. Scruggs was chosen for her dedication to mentoring young female attorneys. “In a profession that can often be dominated by competitiveness and egos, she goes out of her way to provide kind leadership.”

A core member of the Education Industry group at Duane Morris, Scruggs provides litigation and counselling services for education and school reform organisations, including individual charter and private schools, early childhood centres, charter school networks, charter and education management organisations, school districts and other education non-profit and for-profit organisations and service providers. She has handled a wide range of litigation, regulatory and policy matters for clients relating to new school development, teacher evaluation, credentialing and certification reforms, public/private education ventures, virtual education/remote learning, school finance and parent and student civil rights. Scruggs has been recognised by Crain’s Chicago Business on its listing of Notable Minorities in Law (2019) and as an Illinois Super Lawyer (Business Litigation and Education Law) for eight years running. She was awarded the firm’s Pro Bono Leadership Award for her work handling a legal challenge to the school funding system in Illinois and is a Pahara-Aspen Education Fellow, joining a cohort of leaders who are “reimagining America’s public schools.”

Although employment issues surrounding COVID-19 have left Linda B. Hollinshead incredibly busy, she is still taking the time to support her colleagues during these unexpected times. She was chosen for the “advice, resources and humour she has contributed to fellow parents these past few months while coping with the new normal.”

Hollinshead practices in the area of employment law. She provides training and counselling to employers throughout the country on a variety of subjects, including monitoring employee attendance, FMLA compliance, medical and religious accommodations, leaves of absence policies, harassment and discrimination prevention, responding to harassment and discrimination claims, FLSA and wage and hour compliance, including employee misclassification, diversity and inclusion, termination of employees, hiring practices, performance appraisals and performance management. Hollinshead also advises public accommodations as well as recipients of federal financial assistance on program accessibility and other compliance obligations. She advises clients in numerous industries, including colleges and universities, manufacturing and retail companies, hospitals and other healthcare organisations, technology companies, financial services organisations, energy companies and not-for-profit entities. Hollinshead is also a member of the firm’s Cannabis Industry Group. She also assists employers by drafting employees policies and handbooks, confidentiality and restrictive covenant agreements, employment agreements, termination and severance agreements as well as independent contractor agreements. Hollinshead is a member of the firm’s COVID-19 Strategy Team.

Latham advises NVIDIA on US$40 Billion acquisition of Arm

Latham & Watkins LLP represents NVIDIA in its acquisition of Arm Limited (Arm) from SoftBank in a cash and stock deal valued at up to US$40 billion. The combination brings together NVIDIA’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. SoftBank will remain committed to Arm’s long-term success through its ownership stake in NVIDIA, expected to be under 10 percent.

The Latham deal team is led by M&A partners Josh Dubofsky and Charles Ruck in Silicon Valley and New York and Ed Barnett and Farah O’Brien in London, with associates Saad Khanani, Amro Suboh, Hector Sants, Stephanie Isaia, Oliver Cohen, Rachelle Polsky, Michael O’Halloran, Andria Varnavides, Angharad Simon, and Saavan Shah. San Francisco partner Joshua Holian, Brussels partner Sven Völcker, Washington, D.C. partner Les Carnegie, and London partners David Little and Charles Claypoole advised on regulatory matters with counsels Rita Motta, Jana Dammann, and Annie Froehlich, and associates Sophia Bertran, Natasha Pardawala, Giuditta Caldini, Alexandra Luchian, Niklas Brüggemann, and Rob Price.

Advice was also provided on tax matters by Washington, D.C. partner Nicholas DeNovio and London partner Sean Finn, with associates Pierce Pandolph, Aoife McCabe, and Jared Grimley; on intellectual property matters by London partner Deborah Kirk and Silicon Valley partner Anthony Klein, with associates Arielle Singh, Kirsty Watkins, Grace Erskine, and Elva Cullen; and on benefits and employment matters by London partner Catherine Drinnan, Paris partner Matthias Rubner, Munich partner Tobias Leder, and San Francisco partner Julie Crisp, with associates James Robinson, Adam Ray, Romain Nairi, and Agathe Flandre; on real estate matters by London partner Quentin Gwyer with associate Danni Davies; and on environmental matters by London partner Paul Davies with counsel Michael Green. Additional advice on the transaction was provided by counsels Rachel Alpert and Daniel Smith, and associates Jason Despain, Yasmina Vaziri, and Marcus Tomlison.

Leading private equity partner joins Latham in the Bay Area

Latham & Watkins LLP is pleased to announce that Eric Schwartzman has re-joined the firm as a partner in the Corporate Department and member of the Mergers & Acquisitions and Private Equity Practices. He will practice from the firm’s Bay Area offices, advising private equity sponsors and their portfolio companies, strategic corporate acquirers, and target companies on sophisticated transactions, including mergers, acquisitions, dispositions, take-privates, carve-outs, restructurings, and joint ventures.

Schwartzman is particularly focused on representing private equity clients in sophisticated deals in the technology industry and its many subsectors. His experience also spans the telecommunications, consumer, energy, media and entertainment, financial services, healthcare, industrials, manufacturing, and retail sectors.

“We are thrilled to welcome Eric back to Latham as a partner in our premier global M&A and Private Equity Practices,” said Marc Jaffe, Global Chair of Latham & Watkins’ Corporate Department. “Continuing to build out these practices globally, nationwide, and particularly in the Bay Area is a strategic focus of the firm, as we are deeply committed to growing in line with our clients’ needs. Eric’s vast experience in the technology sector further underscores that commitment as we see our private equity clients increasingly focused on deals in the tech space.”

Tad Freese, Office Managing Partner of Latham & Watkins in Silicon Valley, added: “Eric’s skill set and experience leading complex transactions on behalf of private equity clients are perfectly aligned with our strong M&A and Private Equity Practices in the Bay Area. He is widely recognised as a preeminent private equity M&A lawyer and will be of tremendous benefit not only to clients in California but across Latham’s global platform.”

“Latham’s integrated global platform, private equity capabilities, substantial industry experience, and collaborative culture are all second to none. I am thrilled to re-join this world class firm where I grew up as a lawyer and made partner, to contribute to its continued growth and to serve our clients not only in the Bay Area, but across the United States and globally,” said Schwartzman.

Schwartzman re-joins Latham from Cooley in San Francisco. He previously practiced from Latham’s New York office both as an associate and partner from 2001-2012. He is the latest addition to an extensive group of prominent partners who have recently joined Latham’s Mergers & Acquisitions and Private Equity Practices, including Neal Reenan and Ian Bushner, who joined the firm in March, and Kate Withers, who joined in April.

Eric Schwartzman received his JD, magna cum laude, from Syracuse University College of Law and graduated Order of the Coif.

Accountancy giant names new boss for Scotland

PwC has unveiled a new boss for its operation in Scotland. The firm has unveiled Claire Reid as the successor to long-standing Scottish chairman Lindsay Gardiner, who has stepped down after seven years in the role.

Ms Reid, until recently head of assurance for PwC in Scotland, becomes the first female to hold the post.

And she comes to the role with a strong background in technology. Ms Reid joined PwC in 1998 and in the earlier part of her career with the firm was based in Silicon Valley, California, where she worked with a number of high-profile technology clients.

On returning to the UK she worked to establish and develop PwC’s relationship with Oracle, a cloud computing partner, going on to help build the firm’s cyber security operation, during a 10-year spell in London.

Ms Reid, who has a degree in international business and modern languages from the University of Strathclyde, returned to her hometown of Glasgow in 2016 to become head of assurance and lead the firm’s technology risk practice across the UK.

Ms Reid said: “I am truly honoured to take on the role as regional leader for Scotland. It’s great to be back home in Scotland, working with local organisations and supporting them to prosper and grow across the region.

“Scotland has a dynamic and thriving economy with lots of great opportunity for business, our communities and the people of Scotland.

“I am really excited to build on our recent success and on our investment in Scotland. With my background in technology and digital change, I look forward to bringing continued energy and focus to this topic for our region.”

Mr Gardiner meanwhile will continue to work within the firm’s audit business. Mr Gardiner said: “Leading our wider team in Scotland for the last seven years has been a privilege and great fun. A lot has changed in that time, both in the way we deliver services for our clients, and in the firm itself.

“We now work, in some respects, for the majority of listed companies based in Scotland, have developed our oil and gas and financial services centres of excellence and significantly grown our services to locally-based private organisations and across the public sector.

“We now have more than 900 staff in Scotland and we have opened our new offices in Edinburgh and Aberdeen.”

Trianz recognised as ‘Best Management Consulting Firm’ by Forbes

Trianz, a global digital transformation consulting and technology services firm, has achieved its second consecutive year recognition as one of ‘America’s Best Management Consulting Firms’ by Forbes in its 4th annual listing comprising 218 firms.

This year’s list, like last year’s, spotlights Trianz once again for its best-in-class advisory excellence. Forbes collaborated with the business intelligence and analytics company, Statista, to assess firms’ performances.

Trianz’ business theme, ‘Digital Evolution Simplified,’ reflects its commitment to helping organisations across industries overcome dynamic digital age challenges through simple, yet effective, techniques. The firm collaborates with business and technology leaders to transition their organisations into digital enterprises by delivering industry-leading Cloud, Analytics, Digital, Infrastructure, and Security solutions, in addition to superior Managed Services that ensure long-term success. The firm’s unique delivery model, collaborative consulting approach, and its ability to deploy impactful, game-changing technologies together provide superior value to clients.

The 2019 list was tallied based on a two-phase study comprising an expert survey (partners and project managers from management consultancies) and a client survey covering senior executives, who have previously worked with management consultancies.

Expressing their delight, Co-Presidents at Trianz, Rollen Roberson and Ganeshan Venkateshwaran said, “Being named among ‘America’s Best Management Consulting Firms’ in this year’s Forbes/ Statista list makes us proud and happy indeed. The pride comes from this honor being reflective of our clients’ and peers’ favorable opinion of us. The happiness, of course, is a function of our value proposition being re-validated by Forbes / Statista for two straight years — that we are delivering on our commitment to create meaningful business impact.”

“At Trianz, we hold receiving objective feedback in high esteem. Especially since it motivates us to constantly drive successful business results and a competitive advantage for our clients. Being ranked in a list of such stature for two consecutive years is truly encouraging,” added Prashant Bhavaraju, Vice President for Marketing at Trianz.

About Trianz

Trianz simplifies digital evolutions through effective strategies and excellence in execution. Collaborating with business and technology leaders, we help formulate and execute operational strategies to achieve intended business outcomes by bringing the best of consulting, technology experiences and execution models. Powered by knowledge, research, and perspectives, we enable clients to transition to a digital enterprise by leveraging Cloud, Analytics, Digital, Infrastructure and Security paradigms. With offices in Silicon Valley, Washington DC Metro, Rosemont, Chicago, Austin, Boston, Denver, Irvine, Raleigh, San Francisco, Seattle, New York, Dubai, Bengaluru, Hyderabad and Chennai, we serve Fortune 1000 and emerging organisations across industries globally. For more information, visit https://www.trianz.com/