In This Issue:

-Market Trends

-Venture Capital

-Private Equity

-Initial Public Offerings

-Mergers & Acquisitions

-Legal Updates

-Jobs Act & Capital Markets

-Mergers & Acquisitions

-General Corporate & Corporate Governance

-Our Team

-Questions

In our quarterly update materials, we share the key trends in:

-venture capital and emerging growth investing (overall investment decreased on a quarterly basis by 25% - software remained robust while investment in consumer products and services increased 232% over Q3 levels)

-venture capital fundraising (dollar commitments increased by 10% compared to 2011, with the top 5 venture capital funds accounting for 55% of total fundraising for Q4, on par with Q3)

-private equity (deal flow increased compared to Q3, making it the second highest quarterly total in the last four years)

-capital markets and initial public offerings (Q4 2012 saw an increase in volume in the IPO market compared to Q3, but there was an 11% decrease in venture-backed IPO activity from 2011)

-mergers and acquisitions (2012 M&A deal size by value has remained consistent with 2011 but 2012 M&A deals by volume continue to be concentrated)