England - London • Corporate and commercial

Withers LLP

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Although it has taken a while for the legacy JAG Shaw team to bed into their new surroundings at Withers LLP, the team has now well and truly found its footing, leveraging the firm’s strong private wealth credentials to good effect, as well as drawing upon its international footprint and broader full-service offering. This consolidated offering has proved very effective for early stage companies, in particular, as they scale up and require not only pure VC advice but also a range of commercial, employment and tax counselling. Drawing upon a ‘deep understanding of the early-stage and scale up ecosystem’, team head James Shaw is a ’fantastic all-round trusted adviser’, whose underlying tech and science sector knowledge combines with transactional prowess to good effect for companies looking to scale up and for university spin-outs. In Cambridge, Susanna Stanfield ‘brings a calm presence to discussions and negotiations’ for both high-growth companies and investors in the life sciences and technology sectors. The ’brilliant’ Sarah Melaney, who joined the firm at the beginning of 2022 from Brown Rudnick LLP, further enhances the firm’s transatlantic capabilities and ‘delivers first-class work’ for high growth companies and investors, including in relation to impact investment. The team is rounded out by Iain Cockburn, who ’is driving forward the firm’s innovation and cost-efficiency and data management using legal tech’, in his new role as head of the client delivery programme.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The team is excellent and very commercial, the lawyers are very professional and always on top of things.'
  • 'James Shaw is a seasoned practitioner when it comes to acting for early stage companies.'
  • 'Iain Cockburn is the consummate trusted advisor. Super strong legally but very sharp commercially.'
  • 'Our work with Withers is led by Susanna Stanfield. Susanna is delightful person to work with, who brings a calm presence to discussions and negotiations. Susanna recognises the depth of work required for each event/work package and while clearly excellent in her own discipline also recognises when to bring in colleagues with relevant expertise.'
  • 'The lawyers offer great outside-the-box thinking.'
  • 'The Withers team have provided a first-class service, with a bespoke understanding of the individual needs on our company, throughout its life cycle to date, from start-up to consolidation and early growth.'
  • 'James Shaw is a fantastic all-round trusted adviser. He has always been great to speak to whenever we are in sticky situations and is good at providing holistic advice which takes into consideration the peculiarities of our specific business. James takes a risk-based commercial approach depending on the situation, which is much more appropriate than the usual one size fits all approach that many firms take.'
  • 'Iain Cockburn is an excellent technical partner - he is driving forward the firm's innovation and cost-efficiency and data management using legal tech.'
  • 'Susanna Stanfield has decades of experience in VC and  is an excellent technical lawyer and adviser.'

Key clients

  • Copper Technologies
  • OX
  • Bluemethane
  • Ant Group (On EU side – existing Withers client in Singapore)
  • EastHORN Clinical Services
  • Trilogy UK Ltd
  • Neuro-Insights
  • Nationwide Engineering Research and Development
  • Lick Home Ltd
  • Loadsure Limited
  • Collectiv Foods
  • Eight Roads Ventures Europe III LP
  • ETF Partners
  • Mosaic Ventures
  • Oja Global Ltd
  • Cambridge Respiratory Innovations Limited
  • Medovate Limited
  • Pometry
  • Altruistic Innovations Ltd (Restricted Group)
  • LocalGlobe
  • Clean Energy Finance Corporation
  • Critical Pressure Limited
  • Angular Ventures I LP
  • BioGeneration III Services BV
  • Mologic Ltd
  • Honey Badger Capital Ltd
  • Good Harvest Ventures Management S.a.r.l.
  • Digital Horizon GP Limited
  • InsureStreet Limited
  • C the Signs
  • Pixie
  • Giano Capital
  • Spilsbury Holdings Limited
  • Elasmogen Limited
  • Skiller Whale Limited
  • Project Provenance Limited
  • Codebay Solutions Limited (t/a Lodgify)
  • Synthesized Ltd
  • Kynos Therapeutics Ltd
  • The VENTURE Collective
  • Entocycle

Work highlights

  • Advised Automata on its $50m Series B financing round in order to accelerate automation in the Life Sciences sector.
  • Advised venture capital fund ETF Partners as co-lead investor on a £50m Series C funding round into The Modern Milkman, a sustainable grocery delivery service.
  • Advised Kingsway Capital on its investment in CoinDCX's Series D funding round, which totalled $135.9m.

Lawyers

Leading individuals

James Shaw

James Shaw

Withers LLP

James is a partner in the corporate team and a leading transactional venture capital lawyer, advising entrepreneurs, companies and investors through the funding life-cycle. James is a partner in the corporate team and a leading transactional venture capital lawyer, advising entrepreneurs, companies and investors through the funding life-cycle. He was the co-founder of tech law firm JAG Shaw Baker which merged with Withers to create a new legal offering, Withers tech, in 2018. James has two decades of experience helping entrepreneurs, high-growth technology based companies and investors navigate their way through multiple rounds of financing, growth, scale-up and exit/liquidity events. He's ranked as a recommended lawyer for Venture Capital in the 2017 edition of the Legal 500. James is considered to be one of the leading University spin-out lawyers for life sciences companies and he actively advises on spin-out activity from several of the leading Universities in the UK and Scotland including Oxford and Cambridge University. James works as a mentor and speaker with the Oxford Foundry, part of Oxford University's incubator initiative for past and present students. As a close adviser to many companies and investors, James also acts as Outside General Counsel to a number of innovative science-based companies and is an adviser to Parkinson's UK Biotech Business Group. And through the combination of innovation and other practice areas, James is helping to drive firm-wide Global initiatives to address the rapidly changing landscape of more traditional sectors such Real Estate, Hospitality, Sports and Fashion and Luxury Brands. James is a graduate of both St Andrews University (BSc Hons) and Edinburgh University (LLB), and is passionate about innovation and the environment. As a Scottish qualified lawyer, James also holds a committee position on the Society of Scottish Lawyers in London and is a Writer to Her Majesty's Signet.

Next Generation Partners

Iain Cockburn

Iain Cockburn

Withers LLP

Iain is head of Withers tech innovation and client delivery. He has a specialist practice advising venture capital investors and venture-backed companies operating in the innovation economy. Iain has over ten years' experience advising investors, companies and founders on venture capital financings, from seed stage through to later stages, with a particular focus on companies scaling up at the Series A/B stage and beyond. Iain also advises on other types of transaction commonly used in the industry, including convertible bridge rounds (Safes; ASAs; convertible notes), venture debt transactions, and venture-backed M&A. Iain has worked alongside Susanna Stanfield as part of the team that was involved in the publication of the British Venture Capital Association model form documentation for Series A financings, and coordinates the technology and venture capital special interest group within the firm.

Practice head

The lawyer(s) leading their teams.

James Shaw

Other key lawyers

Susanna Stanfield, Iain Cockburn, Sarah Melaney, Phil Robinson, Mary Harley, Neil Jones