Anthropic’s second amended S-1, filed with the SEC on Nov. 10, puts its IPO legal fees and expenses at $41,479,483, out of about $67.7 million in total offering costs. Accounting adds another $18.4 million. Wilson Sonsini Goodrich & Rosati is company counsel, and the cover page lists Anthropic’s own lawyers, Brian Israel and Elena Leichty among them, right next to the firm.
For a general counsel or chief legal officer, that one line item is the whole outside counsel conversation in a single number. An IPO is the rare deal where nobody haggles over the bill, even in a market where Biglaw partner rates top $1,200 an hour. If your company is heading for the public markets, our guide to managing outside counsel has ways to keep a big-ticket matter on budget. Capital markets lawyers who would rather sit on the client side can see who is hiring on our securities counsel jobs page.
As the filing puts it: “Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, California, which has acted as our counsel in connection with this offering, will pass upon the validity of the shares of our Class A common stock being offered by this prospectus.”
Read: Anthropic, PBC Form S-1/A (Amendment No. 2) at SEC EDGAR