Foley Takes Gamble With New $4M Venture Fund

Law360, New York (June 7, 2011, 4:52 PM EDT) -- Foley & Lardner LLP has dipped a toe into venture capital waters with a partner-backed $4 million fund, joining an investment tradition dominated by Silicon Valley law firms but shadowed by concerns about conflicts of interest and financial risk, experts say.

The law firm's new fund, called Foley Ventures, is set to last two years and is open to companies in any kind of emerging business sector including technology, medical devices and biopharmaceuticals, the law firm's private equity and venture capital practice chairman, Gabor Garai, told...
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