Paul L. "Chip" Lion III

Paul L. "Chip" Lion III

Palo Alto, CA recognized lawyers icon Recognized in Best Lawyers since 2010
Morrison Foerster

84 Best Lawyers awards

Morrison Foerster logo

Awarded Practice Areas

Corporate Law Mergers and Acquisitions Law Tax Law

Biography

Chip Lion is a partner in the Corporate Finance Group with Morrison & Foerster LLP in Palo Alto California where he is the immediate past chair of the firm’s Palo Alto Corporate Finance Group and is the firm-wide co-chair of firm’s Private Equity Fund Group. Mr. Lion regularly advises institutional investors and fund sponsors in connection with the formation of venture capital funds, leveraged buyout funds, real estate opportunity and other private equity funds. Mr. Lion represents both public and private companies in a broad range of industries and sectors, including biotechnology, finance, medical device and the information technology sectors. He has extensive experience in structuring, negotiating and advising clients on a wide variety of acquisition transactions and related matters, including stock acquisitions, asset acquisitions, mergers, divestitures, auction transactions, tender offers, defensive strategies, leveraged buy-outs and cross border transactions.

In addition to representing businesses and business leaders, Mr. Lion serves as Chair-Elect of the Business Law Section of the American Bar Association, representing its 55,000 members on cutting edge business issues. Prior to becoming Chair-Elect, as Vice-Chair, Mr. Lion served as editor-in-chief of Volume 68 of The Business Lawyer, the highly regarded journal of the Section. Previously, he served as Secretary of the Section (2011-2012) and served as co-editor-in-chief of the Section's online monthly magazine. He is the Past Chair of the Venture Capital & Private Equity Committee of the Section.

Morrison Foerster

84 Best Lawyers awards

Morrison Foerster logo

Overview

  • Santa Clara University, J.D., graduated 1982

  • California, The State Bar of California
  • California, The State Bar of California
  • Santa Clara University, J.D., graduated 1982

Client Testimonials

Chip Lion is an incredible attorney. The fact is that he provides more than just being a great attorney, in that he plays the role of a business advisor to your company. He focuses on the end result without getting hung up on the details. He is fast and efficient and he is willing to tell you the right answers rather than catering to the answer you may want to hear, which every CEO needs in their attorney. He is one attorney where you don't look at the bill and choke at the price, not because his rates are low, but because he is worth every dime we pay him and then some.

Amy Rees Anderson (MediConnect Global, Inc.)

Chip Lion is our corporate counsel and top-gun deal partner. He uniquely marries superior competence, responsiveness, and even temperament. We are extremely pleased with the services provided.

Awards & Focus

Recognized in The Best Lawyers in America® 2026 for work in:
  • Corporate Law
  • Mergers and Acquisitions Law
  • Tax Law
Additional Areas of Practice:
  • Biotechnology and Life Sciences Practice
  • Leveraged Buyouts and Private Equity Law
  • Private Funds / Hedge Funds Law
  • Public Finance Law
  • Venture Capital Law
Special Focus:
  • Public Funds

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