Wilson Sonsini stands to gain about $200 million in Anthropic shares

Anthropic disclosed in its IPO prospectus (S-1) that an affiliated investment partnership of Wilson Sonsini, which serves as lead legal counsel for the listing, holds less than 0.01% of its outstanding shares, worth about $200 million based on the previously reported listing valuation of about $2 trillion; Anthropic declined to comment, and Wilson Sonsini did not immediately respond. Wilson Sonsini has provided legal services to Anthropic since 2022, including on Amazon's investment transaction; Orrick handles executive compensation and equity matters, Cravath represents the co-founders on some governance matters, Cleary Gottlieb and Yale Law School professor John Morley serve as lawyers for the long-term benefit trust, and Freshfields serves as counsel to the underwriters.