Reinke added that the quality of life in the Valley region has also been a positive factor for the biotech cluster in that it can draw employees and companies to the area. The region boasts other positive elements, including an increasing number of life science companies, a strong venture capital presence, and now, a law firm with relevant industry expertise.
“We represent a broad base of industries, but we have a lot of experience in doing licensing deals, international distribution deals and dealing with clinical trial issues,” Reinke said. “We’re dealing with multiple clinical trial-related agreements right now for a client, and so we have this experience that we can bring to those companies. I don’t think there is any other law firm that brings that kind of expertise that has a local presence in this region.”
Setting up shop in Westlake Village has been a boon for Stradling when it comes to talent acquisition. The office fills a gap for employees and potential employees who want to be settled in the Westlake Village area without having to commute to Stradling’s other spaces in Santa Barbara, Century City, or Downtown Los Angeles.
One of the main challenges for Stradling at this point is growing at a consistent pace and marketing their new space.
“That’s always kind of an ongoing process — just making sure people know that we’re here, and we’re doing that through a variety of marketing mechanisms in the region,” Reinke said.
At its current rate, Stradling will likely run out of space for attorney offices at its Westlake Village office, so it is already hoping to find additional space by next year.