Fred Davis to Join CBS's Quincy Smith at New Silicon Valley Boutique Bank Venture

Fred Davis, the well-known entertainment lawyer, will join CBS Interactive head Quincy Smith at a new banking and advisory firm in Silicon Valley, according to several sources.

Davis (pictured here) is a senior partner at Davis, Shapiro, Lewit & Hayes. The entertainment law firm–which is based in both New York and Los Angeles–has an emphasis in music, digital rights, and branded entertainment, and works with a wide range of digital media companies, including YouTube.

After a BoomTown post in late October on Smith’s plans, CBS (CBS) confirmed the move, which will take place in January, noting that his new firm would remain an adviser to the media giant under a multiyear contract.

Davis is an interesting choice for the firm, which Smith hopes will emulate Hambrecht & Quist, one of the more influential among Silicon Valley investment banks during the first Web boom.

Along with Davis, Smith has been joined by CBS’s Mike Marquez.

Smit has also been collecting a high-profile group of advisers to the still-unnamed firm, including Danny Rimer of Index Ventures, former Netscape Communications CFO Peter Currie, and David Golden, EVP of former AOL CEO Steve Case’s Revolution LLC.