IPOs Bring Big Fees to BigLaw, Make One GC a Multimillionaire

IPOs Bring Big Fees to BigLaw, Make One GC a Multimillionaire

Initial public offerings are keeping many large law firms busy. Two law firms profiting from the IPO boom are Wilson Sonsini Goodrich & Rosati and Cooley, the Am Law Daily reports. Wilson Sonsini advised LinkedIn when it went public while Cooley represented the underwriters. LinkedIn has estimated its legal fees in the process at $1.5 million. Also benefiting is LinkedIn’s general counsel, Erika Rottenberg, who joined the startup three years ago, the Recorder reports. She sold 30,000 shares at the opening price in the IPO, earning about $1.35 million. And she still holds shares and options in the company worth…

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