Law Firms Are Sponsoring Incubators, Cozying Up With Young Entrepreneurs
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On the 25th floor of the high-rise where Foley & Lardner has its Chicago offices, some of the city’s most promising high-tech startup companies have set up shop in a space the firm set aside just for them.
The companies include an e-commerce site for fashion, an online learning company, a promotions company and a company that provides evaluations of medical devices—all of which have, and likely will continue to have, a host of legal needs. If someone has a question or needs some legal documents, Foley’s lawyers are just a few floors up or a phone call away.
For Foley, having these startups nearby is a way to build long-term, mutually beneficial relationships in a market where young companies might become the next big thing—as well as the next big client.
Hoping to boost its presence in the startup market, Foley helped create a nonprofit incubator called Catapult Chicago. The idea was to help startups that have already gained traction take the next step by providing office space and access to lawyers, as well as fellow entrepreneurs and others who can help their businesses grow.
Read original articleTags: Chicago offices, Foley & Lardner, online learning company, promotions company, Young Entrepreneurs
