FTX’s legal troubles are reaching its law firm, Fenwick & West, which faces federal law enforcement subpoenas and a class-action lawsuit tied to the failed crypto exchange.

Bankruptcy counsel for FTX has discussed “federal law enforcement subpoenas to Fenwick” with the law firm’s general counsel, Kathryn Fritz, according to a court document filed in March. The document, which
details work by Sullivan & Cromwell lawyers on FTX’s bankruptcy in January, doesn’t say what the subpoenas requested or which investigation they pertained to.

Fenwick is also among a number of companies targeted with a class-action lawsuit alleging the firm helped aid a massive fraud led by Sam Bankman-Fried, the FTX founder now facing 13 criminal charges. Services Fenwick provided were “central to SBF’s fraud,” according to a February suit filed in Miami federal court on behalf of a proposed class of investors.

It’s awkward for any law firm to answer questions about actions for a client but particularly for Silicon Valley-founded Fenwick, which cemented its reputation as a go-to operation for the world’s top tech companies after it helped Steve Jobs incorporate Apple Inc. in 1976. The firm, whose clients have included Amazon.com Inc., Tesla Inc. and Meta Platforms Inc., nearly doubled its revenue in the five years leading up to 2021.

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