In the 90s, the firm more than doubled in size, growing to over 700 attorneys. Profits per partner quadrupled. Cooley Godward is still ranked number one in representation of life science companies. They handled Adgenix's initial public offering in 2000, the largest biotech IPO ever. The firm also oversaw the $4.5 billion merger of MMC and AMMC, the largest semiconductor acquisition ever. Cooley successfully defended internet giant eBay against competitor Bidder's Edge, and cell phone company Qualcomm against Ericsson. In the last ten years, Cooley has been behind 230 IPOs worth an estimated $20 billion, making it one of the top firms nationally for public offerings.
As the founder of the West Coast's first venture capital partnership, Cooley has helped many small businesses off the ground. The firm's clientele includes two-person start up companies and Fortune 500 powerhouses like DirecTV, Nintendo, NBC, and TiVo. Salaries at Cooley Godward rose to meet the demand in the 90s. Associates could expect $125,000 plus a healthy bonus right out of law school.
When the dot com tide ebbed, Cooley Godward was among the many businesses to feel the pinch. The weakening of the national economy caused Cooley to suffer over a hundred layoffs between 2001 and 2003. Hardships withstanding, the firm managed to cut corners and retain its powerful roster of clients. Cooley was able to take advantage of the troubles in the high tech industry by bolstering its litigation practice during the litigious times that followed. The firm today employs over 500 attorneys in 20 industries. Recently, more than a dozen of Cooley's attorneys ranked high on Chambers USA's Guide to America's Leading Business Lawyers.
Through adversity, Cooley has tried to maintain its laidback demeanor. The partners pride themselves on providing a "lifestyle firm" environment, and despite the setbacks endured since the crash of the high tech market, they still offer a high quality of life for associates. A casual atmosphere is usually advocated in Cooley's offices. Though the social calendar is not as full as it once was during the heyday of the end of the last century, a rich variety of social interactions is available at the firm. The partners have been characterized as relaxed and down-to-earth, and an open-door policy is maintained.
Cooley has taken measures to further its reputation as host to a progressive work environment. The firm employs industrial psychologists to resolve issues of intergroup communication and encourage hospitable behavior. The liberal stance on maternity leave and flexible work arrangements taken there makes Cooley popular with working parents. The firm has also established itself as a firm hospitable to gay and lesbian attorneys.
The hiring practices are not nearly as rigid as those of conservative law firms of comparable size. During the soaring economy, Cooley's demand for attorneys increased drastically, then fell with the recession. Still, the firm considers important factors besides grades. Credentials from a top-tier school would benefit a candidate, but real world experience, professionalism, and overall intelligence are more significant qualifications for a prospective Cooley associate.