Orrick, Herrington and Sutcliffe LLP

• Orrick was founded in San Francisco in 1863.
• The firm has long-standing roots in the Bay Area and has grown into a global platform while maintaining a focus on innovation and high-growth industries.

Approach and Culture

• The firm focuses on innovation in both its legal advice and the way it runs the business.
• Orrick promotes a "Best Place to Work" culture across its offices, supporting collaboration and long-term client relationships.

Key Sector Focus

Orrick focuses on four primary sectors:

• Technology and innovation
• Energy and infrastructure
• Finance
• Life sciences and healthtech

Across these sectors, Orrick advises on transactions, disputes and regulatory matters, often involving cross-border issues and emerging technologies.

Orrick advises technology and innovation clients at all stages of the corporate life cycle, from startups to large public companies, as well as venture capital and private equity investors.

Representative work includes advice on:

• Equity and debt financings
• Venture capital investments
• Initial public offerings
• Mergers, acquisitions and divestitures
• Joint ventures and strategic partnerships
• Corporate governance and ESG matters
• Day-to-day corporate and commercial issues

Energy and Infrastructure

Orrick acts for clients across the energy and infrastructure value chain, with particular experience in renewables and emerging energy technologies.

The firm advises on:

• Project development and construction
• Project finance and refinancing
• Acquisitions and disposals of energy and infrastructure assets
• Energy storage and related data center and grid solutions

Finance and Public Finance

Orrick's finance practice includes both public finance and broader financial transactions.

In public finance, the firm represents:

• State and local governmental entities
• Nonprofit organizations
• Private entities and developers
• Financial institutions and underwriters

Matters include structuring and documenting municipal and other public financings across sectors such as transportation, education, healthcare and water infrastructure.

Life Sciences and HealthTech

Orrick advises life sciences and healthtech companies and investors on transactional, strategic and regulatory matters, including:

• Strategic collaborations and licensing
• Financings and M&A
• Regulatory and compliance considerations

Litigation and Regulatory Matters

The firm represents clients in complex litigation, regulatory and government enforcement matters, including:

• Commercial and securities disputes
• Product liability and mass tort matters
• Regulatory inquiries and investigations
• Strategic advisory and government enforcement issues

Austin Office

Orrick's Austin office reflects the city's focus on public finance and the technology and energy tech markets. The team combines deep local roots with connections to other leading markets, including Silicon Valley, Boston, New York and London.

Public Finance in Texas

The Austin Public Finance team works with a range of Texas state and local governmental entities, nonprofit organizations, private entities, financial institutions, developers and other market participants.

Examples of Texas public finance issuers that Orrick has longstanding relationships with include:

• Texas Department of Transportation
• Texas Comptroller of Public Accounts
• The University of Texas System
• The Texas A&M University System
• Texas Water Development Board
• Texas Public Finance Authority
• Austin Transit Partners
• Capital Metropolitan Transportation Authority
• Travis County HealthCare District
• Travis County and Hays County
• Austin Independent School District
• Various other cities, school districts and political subdivisions in Texas.

Connections to Innovation Hubs

In addition to Austin, Orrick has a significant presence in innovation and financial centers including San Francisco, Silicon Valley, New York, London and other key global markets.

Lists Miami, Rome, Hays, Ferguson, Charlotte, Franklin, Austin, and Celina as a location. Names Bay, California, New York, Texas, and Washington as a service area. Areas beyond these are not published.

Recent published client results include:

• Franklin Templeton – closing of an inaugural $1.5 billion collateralized fund obligation (CFO) designed to provide investors with exposure to its flagship private markets strategies.
• Castelion – $1 billion Series C financing to scale production of low-cost hypersonic weapons.
• Fireworks AI – more than $1.5 billion in Series D funding ($1.505 billion) at a $17.5 billion post-money valuation to help developers build, deploy and scale AI.
• Supabase – $500 million fundraising at a $10.5 billion valuation to accelerate growth in agentic infrastructure.

Strategic M&A and Exits

• OpenRouter – acquisition by Stripe, involving a leading AI model and gateway routing platform to help customers manage AI profitability.
• Ferguson – acquisition of FloWorks for $1.6 billion, expanding its non-residential capabilities and total addressable market.
• Ipsen – acquisition of Kartos Therapeutics for up to $1.75 billion.

Public Offerings

• Standard Nuclear – initial public offering (IPO), reflecting Orrick's work with companies in the energy and nuclear sectors.

Litigation and Appellate Matters

• Gilead Sciences – landmark California Supreme Court victory eliminating nearly 23,000 "duty to innovate" product liability cases, rejecting a novel theory that posed significant risk to innovators.

These examples illustrate the scale and complexity of matters on which Orrick advises across technology, finance, energy, life sciences and other sectors. They are representative and not a comprehensive list of the firm's work.

Ask anyway — the agent will say plainly that it is not published rather than guess.