If the documents are in relatively stable form and there won't be much negotiation, it absolutely makes sense for a law firm to do this for free particularly as

If the documents are in relatively stable form and there won't be much negotiation, it absolutely makes sense for a law firm to do this for free particularly as you are then establishing a relationship with what is viable start-up. At least in the sense that they have been able to attract financing (which may or may not stand for very much in the long-term of course). Of course, if the documents are in a relatively agreed form and are not generally negotiated, it makes me wonder why a law firm needs to be involved at all (speaking as a lawyer). Perhaps this is where Clerky comes in... I also wonder if the free provision of legal services for the financing is conditional on the company spending fees with WSGR on related agreements? I'm sure there'll be a fair amount of pressure from WSGR for the start-up to use WSGR's paid services.