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Pat

Patrick J. Franke

ShareholderBusiness Department Director

Pat Franke is a corporate and M&A attorney, and trusted advisor to privately-held companies including large family-owned businesses, private equity sponsored companies, and venture-backed startups, and their founders, boards of directors, and investors. He is also the Director of the firm’s Business Department comprising all of its transactional, business, and other non-litigation practices.

He advises clients at every stage of the business lifecycle on a broad range of issues, including debt and equity financings, corporate reorganizations, mergers and acquisitions, joint ventures, strategic transactions and relationships, licensing and distribution transactions, and other commercial matters. Pat also counsels individual and institutional investors (including venture capital firms and corporations) with respect to their investment activities and transactions.

Chambers® USA’s Guide to America’s Leading Lawyers for Business has recognized Pat as a leading corporate lawyer. One source mentions, “he is by far one of the best attorneys I've ever worked with” and highlights his “outstanding business acumen.”

Experience

Sale to Wolfe
Sale to Johnson Controls
Private Equity Investment
Acquisition of United Oil
Paramount Data Management Inc.
Series Seed 2 Financing and Series Seed 1 Stock
Advise on Investment
Acquisition of Rich & Rhine Assets
Sale of Company to NV5 Global, Inc.
Investment in Aeva SPAC/Pipe
$15 million Series A Preferred Stock
Acquisition of HarvestMark
Follow-on Investment in Markforged
Series Seed Financing
Series C Financing
Acquisition of Pacific Coast Energy
Series A Preferred Stock Financing
Acquisition of Controlling Interest in Quik Pik LLC
Convertible Debt Financing
Acquisition of Kent, WA Operations of Food Services of America
Series Seed Preferred Stock Financing
US Venture Investments
Sale to Tinybeans Group Limited
Advise on Real Estate Development Financing Transactions
2018 Investment
Acquisition by Providence St. Joseph Health
$310M Acquisition of Sid Richardson Carbon, Ltd.
Refinancing of The Edgewater Hotel
Series A Financing
Series B Financing
Convertible Debt Financing
Series Seed Financing
$285M Acquisition of Weyerhaeuser's Longview Liquid-Packaging Business
$20M Sale to Vishay Precision Group, Inc.
Series A-3 Financing
Convertible Debt Financing
Acquisition of Clarity Health Services
Thermal Hydra Plastics LLC
Acquisition of Hydra Plastics Inc.
Acquisition of OEM Channel Partner's Business Unit
Bridge and Venture Financings
Sale of Business
A-2 Preferred Stock Financing and Recapitalization
Private Equity Financing
Financing, Acquisition and Development Activities
Artificial Intelligence Technology Service
$50.5M Series B Financing
Series B Preferred Stock Financing
Series A-3 Preferred Stock Offering
Series B-1 Preferred Stock Offering
Sale of Additional Series B Preferred Stock
Acquisition of Holocene Drilling, Inc.
Series A Preferred Stock Offering Extension
Refinancing Transaction

Professional Experience

Graham & Dunn PC, Partner (2006-2013)

Leary Franke Droppert PLLC, Founding Partner (2000-2006)

Smith & Leary PLLC, Associate (1993-2000)

Community Involvement

University of Washington School of Law Entrepreneurial Law Clinic, Supervising Attorney (2017-Present)

Washington State Bar Association, Member (1993-Present)

Keiretsu Forum Northwest, Sponsor (2015-Present)

Zino Society, Sponsor (2005-2015)

Entrepreneurs’ Organization Seattle, Sponsor (2008-2013)

King County Bar Association, Community Involvement Committee, Chairman (1997-2000)

Federal Bar Association, Member (1993-2000)

Thought Leadership

August 15, 2024News
The Best Lawyers in America© 2025 Recognizes 128 Lane Powell Attorneys
Awards & Honors
July 31, 2024News
Fifty-seven Lane Powell Attorneys Recognized by Super Lawyers in Washington for 2024
Awards & Honors
June 6, 2024News
Lane Powell Ranked Again Among Top Firms in 2024 Chambers® USA
Awards & Honors
August 17, 2023News
The Best Lawyers in America© 2024 Recognizes 123 Lane Powell Attorneys
Awards & Honors
July 31, 2023News
Forty-seven Lane Powell Attorneys Recognized by Super Lawyers in Washington for 2023
Awards & Honors
June 1, 2023News
Lane Powell Again Ranked Among Top Firms in 2023 Chambers® USA
Awards & Honors
August 18, 2022News
The Best Lawyers in America© 2023 Recognizes 90 Lane Powell Attorneys
Awards & Honors
July 14, 2022News
Forty-four Lane Powell Attorneys Recognized by Super Lawyers in Washington for 2022
Awards & Honors
June 1, 2022News
Lane Powell Again Ranked Among Top Firms in 2022 Chambers® USA
Awards & Honors
August 19, 2021News
The Best Lawyers in America© 2022 Recognizes 90 Lane Powell Attorneys
Awards & Honors
May 20, 2021News
Lane Powell Again Ranked Among Top Firms in 2021 Chambers® USA
Awards & Honors
January 21, 2021Event / CLE
Why Good Governance Attracts Good Investors
National Association of Corporate Directors | Virtual
August 20, 2020News
The Best Lawyers in America© 2021 Recognizes 92 Lane Powell Attorneys
Awards & Honors
April 23, 2020 News
Lane Powell Again Ranked Among Top Firms in 2020 Chambers® USA
Awards & Honors
March 18, 2020Publication
Will Coronavirus Make Some Contracts Unenforceable?
COVID-19 Resource
August 15, 2019News
The Best Lawyers in America© 2020 Recognizes 63 Lane Powell Attorneys
Awards & Honors
June 10, 2019News
Thirty-one Lane Powell Attorneys Named ‘Washington Super Lawyers’ and Nine Named ‘Washington Rising Stars’
Awards & Honors
April 26, 2019News
Lane Powell Again Ranked Among Top Firms in 2019 Chambers® USA
Awards & Honors
December 6, 2018Event / CLE
Fifth Annual Startups Seminar: Celebrating the Pacific Northwest’s Startup Ecosystem
Lane Powell Seminar | Seattle
August 22, 2018News
Lane Powell Represents AI-Startup DefinedCrowd in $11.8M Series A Financing
Client Conversations
August 15, 2018News
The Best Lawyers in America© 2019 Recognizes 62 Lane Powell Attorneys
Awards & Honors
June 18, 2018News
Thirty-two Lane Powell Attorneys Named ‘Washington Super Lawyers’ and 14 Named ‘Washington Rising Stars’
Awards & Honors
December 7, 2017Event / CLE
Fourth Annual Startups Seminar: Building for Scale
Lane Powell Seminar | Seattle
June 9, 2017News
Thirty-one Lane Powell Attorneys Named ‘Washington Super Lawyers’ and 16 Named ‘Washington Rising Stars’
Awards & Honors
December 8, 2016Event / CLE
Third Annual Startups and Emerging Companies Seminar
Lane Powell Seminar | Seattle
December 2, 2015Event / CLE
Second Annual Startups and Emerging Companies Seminar: The Startup Journey — Idea to Exit
Lane Powell Seminar | Seattle
August 21, 2015Event / CLE
Advanced Concepts in Licensing IP and Technology
Seminar | Seattle
June 12, 2015News
Thirty-two Lane Powell Attorneys Named ‘Washington Super Lawyers’ and 11 Named as ‘Washington Rising Stars’
Awards & Honors
November 5, 2014News
Lane Powell Featured in Puget Sound Business Journal Special Insert About Dec 4 Startups and Emerging Companies Seminar
In the News
June 13, 2014News
Thirty-five Lane Powell Attorneys Named ‘Washington Super Lawyers’ and Fifteen Named as ‘Washington Rising Stars’
Awards & Honors
May 22, 2014Publication
Reward v. Risk: Advantages and Disadvantages of Courting Strategic Investors
Seattle Business
June 14, 2013News
Thirty-Six Lane Powell Attorneys Named ‘Washington Super Lawyers’ and Sixteen Named as ‘Washington Rising Stars’
Awards & Honors

Practices & Industries

Corporate, Securities, and M&A
Health Care Transactions
Startups & Venture Capital
Business Dispute Resolution

Education

The University of Texas, J.D., 1993
Santa Clara University, B.A., magna cum laude, 1990
- Phi Beta Kappa

Admission

Washington

Honors

Chambers® USA: America’s Leading Lawyers for Business, Corporate, Securities and M&A (2019-2024)

“Washington Super Lawyer,” Thomson Reuters, Business/Corporate (2005-2019, 2022-2024)

“League of Justice,” Washington CEO magazine (2006)

“Washington Rising Star,” Thomson Reuters (2000)

AV Preeminent® in Martindale-Hubbell® Peer Review Ratings™

“Life Member,” National Registry of Who’s Who Among Lawyers

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