Wilson Sonsini Goodrich & Rosati on Monday said it has added its latest life sciences partner, Karen Deschaine, from rival Silicon Valley-founded law firm Cooley.
Deschaine joined Wilson Sonsini's San Diego office as a partner, the firm said. She spent 16 years at Cooley, which last weekWilson Sonsini in June hired another life sciences partner from Cooley, Matt Dubofsky, in Boulder.
Cooley last year saw its revenue pass $2 billion, but its average equity partner profits dropped by 19.6%, The American Lawyer reported. Wilson Sonsini's revenue grew to $1.35 billion while suffering a 9.5% drop in profits per equity partner. Deschaine also worked on clinical-stage drug developer Structure Therapeutics' $185 million initial public offering earlier this year.Reuters they expect IPOs by small private biotech companies to make a comeback later this year.
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