Andrew Klungness

310-434-5420
andrewk@fenwick.com
Industry Co-Lead
Blockchain & Cryptocurrency , Consumer Technologies & Retail , Digital Media & Entertainment
Partner
Technology Transactions

Andrew
Klungness

Andrew
Klungness

Andrew
Klungness

Partner
Technology Transactions
Industry Co-Lead
Blockchain & Cryptocurrency,
Consumer Technologies & Retail,
Digital Media & Entertainment

Andrew advises technology, Web3, consumer tech, gaming and media companies, financial institutions, and others on a variety of issues relating to intellectual property and commercial law across diverse industries including blockchain, digital media and interactive entertainment, gaming, fintech, artificial intelligence, e-commerce, B2B SaaS, space tech, and edtech. Having worked with many of the world’s most exciting companies at all stages of their growth on their most complicated and exciting legal and business matters, Andrew’s work has shaped the blockchain industry and specifically the Los Angeles tech ecosystem.

I look at myself as not only my clients' No. 1 advocate, but also an industry advocate. I work hard to provide creative support, practical advice, and a consensus-oriented approach to provide solutions my clients feel comfortable with."

Andrew Klungness

Andrew is an experienced collaborator, helping clients realize their goals by leading complex strategic alliances, joint ventures, and other “partnering” arrangements. Clients lean on Andrew to help them develop, protect, and monetize IP, and design creative and forward-thinking strategies to manage technology, IP, and commercial issues in financing, M&A, and other corporate transactions. His experience negotiating commercial agreements, including licensing, NFT collaborations, technology sourcing, blockchain network, manufacturing and supply, channel partnership, and marketing agreements allows him to put his clients’ needs first with a view toward growth and innovation. At the core of his practice, Andrew helps clients navigate the inevitable legal and regulatory gray areas that emerge as they innovate, disrupt, and push their industries forward into new and novel frontiers.

When FinCEN updated its anti-money laundering Travel Rule to include virtual asset services providers, Fenwick client Coinbase was one of many that needed to find a way to comply. It relied on Andrew to advise on the creation, development, and global rollout strategy of Travel Rule Universal Solution Technology (TRUST), a consortium of over 90 virtual asset services providers led by Coinbase and other prominent digital asset exchanges and an industry-driven solution designed to assist TRUST members in complying with the Travel Rule.

Community-centric NFT marketplace and gaming platform Magic Eden turned to Andrew with a desire to create a Web3 independent virtual wallet that users could access and use within their marketplace. Andrew advised on and secured a strategic alliance with blockchain wallet company Exodus to create a customized Magic Eden-branded wallet that provides a frictionless way for new Web3 users to engage with their NFTs and self-custody all of their digital assets through easy onboarding, fiat onramp/offramp solutions, and streamlined asset swaps.

  • Stanford University's Best Practices & Digital Economy Committee

  • Stanford University's Best Practices & Digital Economy Committee

  • Arbitrum
  • Coinbase
  • DocuSign
  • Faraway
  • Magic Eden
  • Mercari
  • Whatnot
  • Yuga Labs

  • Arbitrum
  • Coinbase
  • DocuSign
  • Faraway
  • Magic Eden
  • Mercari
  • Whatnot
  • Yuga Labs

Andrew Klungness is praised for 'a deep understanding of the underlying technology that powers today's fintech companies'..."

The Legal 500

2024

Recognition Recognition Recognition

Recognition Recognition Recognition

Recognition
Variety

2022

Honored Andrew as among the most influential transactional lawyers in the entertainment industry.

The Legal 500

2024

Recognized Andrew for fintech (2024) and patent licensing (2020).

Super Lawyers

2015 - 2018

Recognized Andrew as a top technology transactions attorney in Santa Monica.

Above the Law

2019

Recognized Andrew as one of the top partners to work for.

Recognition
Variety

2022

Honored Andrew as among the most influential transactional lawyers in the entertainment industry.

The Legal 500

2024

Recognized Andrew for fintech (2024) and patent licensing (2020).

Super Lawyers

2015 - 2018

Recognized Andrew as a top technology transactions attorney in Santa Monica.

Above the Law

2019

Recognized Andrew as one of the top partners to work for.