According to this article, Wilmer Cutler law firm joins race for valley tech business, the answer is YES. William Cutler snagged Curtis Mo from Weil Gotshal & Manges to be in charge of the Palo Alto office. According to the article, William Cutler boasts clients like:

Intel Corp.

Cisco Systems Inc. and

Oracle Corp.

William Cutler will have some pretty decent law firm company in the neighborhood:

Kirkpatrick & Lockhart Nicholson Graham LLP of Pittsburgh

Foley & Lardner LLP of Milwaukee

Greenberg Traurig LLP of Miami and

Paul Hastings Janofsky & Walker LLP of Los Angeles

The article reports that these firms were motivated to come to the valley by an increase in intellectual property and other technology-related work. Punchline: Silicon Valley is back for the serious players.