STEVEN E. BOCHNER
In his more than 35 years of experience practicing corporate and securities law, Steve Bochner has served as lead counsel for many of Silicon Valley's most prominent companies, assisting them in venture capital, public offering, and merger transactions valued in the billions of dollars. He also has represented numerous start-up companies, as well as major venture capital and investment banking firms. Steve's corporate clients include leading companies such as Aruba Networks (recently acquired by Hewlett-Packard), Autodesk, Box, FireEye, ForeScout, Lumentum, MapR, NetApp, Quantum, Rackspace, Rocket Fuel, Square, and Twitter.
From 2009 to 2012, Steve served as the chief executive officer of Wilson Sonsini Goodrich & Rosati. During his tenure as CEO, the firm achieved record financial results and completed a number of significant strategic initiatives, including opening offices and expanding operations in China, Brussels, and Delaware. Steve is currently a member of the firm's board of directors and has served in various other management positions at WSGR, including as chair of its Compensation Committee.
Steve was recently elected to a second term as a member of the Federal Reserve Bank of San Francisco's board of directors. He is also the chairman of the Berkeley Center for Law, Business and the Economy. From 2015 to 2017, Steve served as the chair of the executive committee of the Northwestern Securities Regulation Institute in San Diego, where he is a frequent speaker. He currently serves as a member of the Institute's executive committee. In addition, he regularly speaks on a variety of securities law topics for the Practising Law Institute (PLI) and was co-chair of PLI's Annual Institute on Securities Regulation in New York City from 2007 to 2011.
Steve served as one of two attorneys on the IPO Task Force, which presented a report to the U.S. Department of the Treasury on improving access to the capital markets for emerging growth companies. He was extensively involved in designing the IPO-related provisions of the JOBS Act of 2012, which drew upon the IPO Task Force's recommendations and was adopted by Congress with broad bipartisan support.
Steve is chairman of the Nasdaq Private Market advisory board and a member of the board of directors of the Nasdaq Entrepreneurial Center in San Francisco. From 1996 to 2011, Steve served on the Nasdaq Listing and Hearing Review Council, including as chair and co-chair. The council is responsible for making recommendations to the Nasdaq board on policy and rule changes related to issuer listing standards. In particular, Steve was extensively engaged in the development of Nasdaq's rules with respect to corporate governance reform and other listing standards.
In 2005, Steve was appointed as a member of the Securities and Exchange Commission's Advisory Committee on Smaller Public Companies. This select committee was charged with evaluating the current securities regulatory system relating to governance, disclosure, financial reporting, internal controls, and capital formation for smaller public companies, including the impact of the Sarbanes-Oxley Act. The SEC Advisory Committee's final report was delivered to the SEC on April 23, 2006. Steve served as chairman of the Governance and Disclosure Subcommittee of the SEC Advisory Committee. Many of the Advisory Committee's recommendations have since been adopted as proposed and final rule changes by the SEC.
From 2002 to 2009, Steve was a lecturer on corporate and securities law at the UC Berkeley School of Law, where he designed and taught the "Venture Capital and IPO Law" course. He also has been a guest lecturer at Harvard Law School, Stanford Law School, the Stanford Graduate School of Business, and UC Berkeley's Haas School of Business. Steve has published many articles in the areas of securities law, disclosure, and governance.EDUCATION:
- J.D., UC Berkeley School of Law, 1981
Research Assistant to the late Professor Richard W. Jennings, a leading scholar in the field of securities regulation
- B.S., Political Science, San Jose State University, 1977
- Member, Board of Directors, Federal Reserve Bank of San Francisco
- Co-chair, Joint Venture Silicon Valley Board of Directors
Click here to read Joint Venture Silicon Valley Network's profile of Steve.
- Member, Board of Directors, KQED
- Executive Committee, 44th Annual Securities Regulation Institute 2017, Northwestern Pritzker School of Law
- Chairman, Advisory Board, Berkeley Center for Law, Business and the Economy, UC Berkeley School of Law
- Member, SEC Advisory Committee, 2005 and 2006
- Nasdaq Listing and Hearing Review Council, 1996-2011, most recently as chair and co-chair
- Member, Advisory Board, wallstreetlawyer.com
- Named to the "Lawdragon 500 Leading Lawyers in America" list, 2006, 2007, 2010-2015, and 2017
- Honored as the 2017 Securities Regulation "Lawyer of the Year" for San Jose by Best Lawyers
- Honored as the 2016 Securities/Capital Markets Law "Lawyer of the Year" for San Jose by Best Lawyers
- Recognized among California's "Top Emerging Companies Lawyers" by the Daily Journal in 2014
- Named the 2013 San Francisco Securities/Capital Markets Law "Lawyer of the Year" by Best Lawyers
- Named the 2012 San Francisco Leveraged Buyouts and Private Equity Law "Lawyer of the Year" by Best Lawyers
- Named in the 2007-2017 editions of Chambers USA: America's Leading Lawyers for Business, where he was praised by clients as a "wise" and "terrific lawyer"
- Selected for inclusion in Northern California Super Lawyers from 2004 through 2017, and recognized among the Northern California Top 100 Lawyers in 2011
- Ranked among the nation's top initial public offering attorneys by the IPO Journal
- Selected for inclusion in the 2006 through 2018 editions of Best Lawyers in America
- AV Preeminent Peer Review Rating, Martindale-Hubbell
- Outstanding Alumnus of the Year Award, College of Social Sciences, San Jose State University, 2011
- Co-author with A. Simmerman, "The Venture Capital Board Member's Survival Guide: Handling Conflicts Effectively While Wearing Two Hats," 41(1) Delaware Journal of Corporate Law, 2016
- IPO Guide, Merrill Corporation, Eighth Edition, 2016
- Co-author with J. Huber, "Surviving a Restatement," Insights, April 2012
- "Rebuilding the IPO On-Ramp: Putting Emerging Companies and the Job Market Back on the Road to Growth," IPO Task Force report presented to the U.S. Department of the Treasury, October 2011
- "The Impact of Regulatory Initiatives on Liquidity for Venture-Backed Companies," Berkeley Business Law Journal, Dodd-Frank Symposium Edition, Vol. 8, No. 2, 2011
- "Using Corporate Websites for Regulation FD-Compliant Disclosures: Recommended Best Practices," Wall Street Lawyer, Vol. 13, Issue 1, January 2009
- "When Is Managing to a Forecast Illegal 'Earnings Management'?" Insights, Vol. 22, No. 5, May 2008
- "Earnings Releases: Legal Requirements and Best Practices," Insights, Vol. 22, No. 3, March 2008
- Co-author with Professor J.A. Grundfest, "Fixing 404," Michigan Law Review, Vol. 105, No. 8, June 2007
- "Keys to Minimizing Director Liability," Corporate Board Member Magazine/Nasdaq Board Governance Series, Vol. X, 2007
- "The Recent Evolution of Underwriter Lock-Up Agreements," Insights, Vol. 18, No. 7, July 2004
- "The Duty to Update and Disclosure Reform: The Impact of Regulation FD and Current Disclosure Initiatives," Stanford Journal of Law, Business & Finance, Vol. 7, Number 2, Spring 2002
- Please see wsgr.com for a complete list of publications.
- "Resale Exemptions - Section 4(a)(7)," Nasdaq Private Market interview, October 2, 2017
- Panelist, "Reviving the U.S. IPO Market—Regulatory and Other Market Influences," SEC-NYU Dialogue on Securities Market Regulation, New York University's Salomon Center, May 10, 2017
- Panelist, "Real Life Issues Facing Counsel: The Road to Enforcement is Often Paved with Good Intentions," 44th Annual Securities Regulation Institute, Northwestern Pritzker School of Law, Coronado, California, January 25, 2017
- Moderator, "Updates from SEC Senior Staff–Division of Corporation Finance," 44th Annual Securities Regulation Institute, Northwestern Pritzker School of Law, Coronado, California, January 24, 2017
- Moderator, "Capital Formation – Techniques, Timing, Pitfalls," 48th Annual Institute on Securities Regulation, Practicing Law Institute, New York, November 1-3, 2016
- "Fiduciary Duties and Conflicts of Interest in Silicon Valley," Third Annual Directors' College for Venture-Backed Company Directors, Stanford Law School, Palo Alto, California, March 4, 2016
- Keynote Address Moderator, "A Conversation with SEC Chair Mary Jo White," 43rd Annual Securities Regulation Institute, Northwestern Pritzker School of Law, Coronado, California, January 26, 2016
- "Private Equity, Leveraged Buyouts and Venture Capital," 33rd Annual Federal Securities Institute, Thomson Reuters, Miami, Florida, February 5, 2015
- Session Co-chair, "Recurring Disclosure Challenges and Other Key Updates," 42nd Annual Securities Regulation Institute, Northwestern Law School, Coronado, California, January 27, 2015
- Session Chair, "IPOs and Other Registered Offerings," 41st Annual Securities Regulation Institute, Northwestern Law School, Coronado, California, January 27, 2014
- Social Media and the Securities Laws, 45th Annual Institute on Securities Regulation, Practising Law Institute, New York, New York, November 6, 2013
- Session Co-chair, "Preparing for the 2013 IPO – Impact of the JOBS Act," 40th Annual Securities Regulation Institute, Northwestern Law School, Coronado, California, January 23, 2013
- Moderator, "The New IPO Process – Preparation, Execution, Completion," 44th Annual Institute on Securities Regulation, Practising Law Institute, New York, New York, November 7, 2012
- "The New World of IPOs: Dissecting the JOBS Act," Executive Press/The Corporate Counsel Webcast, May 2, 2012
- Session Co-chair, "Planning for and Executing the IPO," 39th Annual Securities Regulation Institute, Northwestern Law School, Coronado, California, January 18, 2012
- "Regulatory Reform and Early Stage Company Growth," Financial Regulatory Reform: Dodd-Frank and Beyond, UC Berkeley School of Law symposium, Berkeley, California, March 11, 2011
- Session Chair, "Issues Impacting Pre-Public Companies," 38th Annual Securities Regulation Institute, Northwestern Law School, Coronado, California, January 19, 2011
- "Market Structure, Regulation, and the Future of Silicon Valley," David S. Saurman Provocative Lecture Series, San Jose State University, San Jose, California, November 16, 2010
- Session Chair, "Capital Transactions in 2010," 37th Annual Securities Regulation Institute, Northwestern Law School, Coronado, California, January 21, 2010
- "The Root Causes & Potential Solutions for the Exit Crisis," National Venture Capital Association Webcast, December 11, 2009
- "Global Capital Market Developments," 36th Annual Securities Regulation Institute, Northwestern Law School, Coronado, California, January 28-30, 2009
- "Current Issues in Securities Regulation for Smaller Companies," SEC Government-Business Forum on Small Business Capital Formation, Washington, D.C., November 20, 2008
- "Modernizing the Securities and Exchange Commission's Disclosure System" roundtable, 21st Century Disclosure Initiative, Securities and Exchange Commission, Washington, D.C., October 8, 2008
- "Disclosure, Materiality and Regulation FD," Compliance Week webcast, April 29, 2008
- "Materiality and Restatements" and " XBRL Implementation," Testimony before the SEC Advisory Committee on Improvements to Financial Reporting, March 13-14, 2008
- "U.S. Capital Market Developments," 35th Annual Securities Regulation Institute, Northwestern Law School, Coronado, California, January 23-25, 2008
- Please see wsgr.com for a complete list of speaking engagements.
- State Bar of California
- U.S. District Court for the Northern District of California