Louis Lehot is a partner and business lawyer with Foley & Lardner LLP, based in the firm’s Silicon Valley, San Francisco and Los Angeles offices, where he is a member of the Private Equity & Venture Capital, M&A and Transactions Practices and the Technology, Health Care, and Energy Industry Teams. Louis focuses his practice on advising entrepreneurs and their management teams, investors and financial advisors at all stages of growth, from garage to global. Louis especially enjoys being able to help his clients achieve hyper-growth, go public and to successfully obtain optimal liquidity events.
To assist his clients in realizing their objectives, Louis brings to bear a broad array of legal and business instruments, processes and strategies, from formation to liquidity. He guides emerging private companies as they secure venture capital financing, prepare for IPO or de-SPAC, and navigate the exit. His domain experience in public offerings and private placements of equity, equity-linked, and debt securities, mergers, acquisitions, dispositions, spinoffs, strategic investments, and joint ventures, as well as corporate governance and securities law compliance matters, serves his clients well. Additionally, Louis regularly represents US and non-US registrants before the SEC, FINRA, NYSE and NASDAQ.
Prior to joining Foley, Louis was the founder of a Silicon Valley boutique law firm called L2 Counsel. He previously served as both the co-managing partner and co-chair of the emerging growth and venture capital practice of a global law firm in Silicon Valley. With a legal career in New York, London, Paris, and Silicon Valley spanning more than 20 years, Louis has worked in technology, health care, clean energy, and other innovative industries, leveraging the latest legal technology tools to drive strategies and solutions that make sense.
Business Lawyer & Partner
Foley & Lardner LLP
By Louis Lehot
Choosing the right lawyer that fits your business is one of the most important steps you can take in today’s litigious world. Whether you are launching a new venture, pivoting to reposition your current business or have a “bet the company” challenge or opportunity, finding the lawyer that fits your unique situation is critical.
Sometimes, the best lawyer for you is the person you have known for years. He/she returns your calls promptly and has your best interest at heart. Other times, a referral from a trusted third party may be right for your situation. Whatever your situation and legal requirements, the right lawyer may be a different person at the formation of your start-up from when your company changes direction or scales to the larger size. Ask yourself, am I partnered with an attorney who can help my business grow to the next level, or fix the legal issues in the foreseeable future?
Live Webcast: Tuesday, August 4th, 2020 at 10:00 am PDT- for Founders, Executives, and Investors
The COVID pandemic has made 2020 a very challenging year for most businesses. While most braced themselves for a profound economic impact as the shutdowns descended, Q2 venture capital numbers are one of the few economic bright spots.
According to PWC and CB Insights MoneyTree Report for Q2 2020, global deal activity in North America, Asia, and Europe totaled 3,812 deals, a relatively modest decline of 9% year-over-year. The aggregate deal value was $50.2 billion, a decline of just 13% year-over-year. Looking at Q1 to Q2 changes, Asia saw an increase of 20%, while Europe and North America grew 9% and 3% respectively.
The global pandemic, sheltering in place, the shutdown of the economy and the stalling recovery has triggered a massive drop in M&A activity, with the total value of deals in the first half of 2020 at just over $900B, 53% below the same period in 2019, and the lowest half-yearly total since the first half of 2010. Volume, meanwhile, fell 32% year on year, to just under 7000 deals, the lowest half-yearly volume total since the first half of 2013. Meanwhile, according to the CB Insights quarterly report on venture capital, on a quarter over quarter basis, M&A activity also suffered a sharp decline, falling to 120 exits in Q2 of 2020 from 155 in Q1 2020.
Louis Lehot is used to working in his office, but since mid-March, he’s been working at home like so many in the legal industry, helping businesses and ventures with compelling technologies reach their growth objectives with sound legal strategies and solutions. And he’s been doing it in a full house whose members include his wife, two children, three cats and a dog.
A quick discussion with Louis Lehot
Question: With millions of licensed attorneys in the United States, how does a startup or established business faced with a legal problem choose an attorney is best suited to advise the company and help resolve the issue?
Louis Lehot: Choosing an attorney for your startup business is one of the most consequential decisions you can make given today’s litigious climate. If you are launching a new venture, pivoting to reposition your current business, or having a business challenge, finding the lawyer who fits your unique situation is critical.
By Louis Lehot
Artificial intelligence (AI) is disrupting technologies, markets and applications everywhere. But what does it really mean? Professors Andreas Kaplan and Michael Haenlein defined AI as “a system’s ability to correctly interpret external data, to learn from such data, and to use those learnings to achieve specific goals and tasks through flexible adaptation.”
By: Amanda Ciccatelli
COVID-19 has caused a myriad of challenges when it comes to Mergers and Acquisitions across the globe. I recently sat down with an expert on the subject, Louis Lehot, founder of elite boutique law firm L2 Counsel, who shared the primary issues of M&A deals right now that have been brought on by the global coronavirus pandemic.
“Apart business issues like the purchase price, the legal issues run the gamut from reps and warranties, covenant breaches, direct indemnities and claims vs. breaches,” he explained. “Depending on the theme of the deal, there will be an inter-relationship between the caps on exposure, the scope of the reps, and the deductibles and thresholds. There can be caps at the escrow, at the purchase price or unlimited exposure, and insurance can externalize exposures on the early liquidity and or the post-escrow period exposure.”
Who’s not busy? If you are like most people, we wake up to crammed calendars and a million things. As a lawyer/father/husband/writer, I am sharing my top 11 productivity tips that help get things done.
Now you might’ve seen some of these before, but trust me, you need the reminder. It’s alarmingly easy to postpone improving your productivity, so read these tips and put at least one of them into action today!
Louis Lehot is a partner and business lawyer with Foley & Lardner LLP.