Silicon Valley Bank failed on Friday, March 10, after a run on deposits spurred by the bank’s sudden call to raise $2 billion in capital. That weekend, many of the attorneys at Orrick Herrington & Sutcliffe didn’t sleep.
“We had a lot of friends saying things like, sorry you had to miss that birthday party or sleep, etc.,” said Shawn Atkinson, co-leader of Orrick’s global technology companies group. “But this is cutting-edge work, and while we’re not pleased to be missing those things, dealing with the collapse of something that caused massive chaos and unrest with our friends, colleagues and clients, we are here for them and we feel privileged to be part of the solution.”
