A venture lawyer we know usually puts a warrant on for his firm (DLA Piper), which allows them to invest at the round valuation for up to .1 to 1% of the compan

A venture lawyer we know usually puts a warrant on for his firm (DLA Piper), which allows them to invest at the round valuation for up to .1 to 1% of the company. I generally think that law firms nowadays are really not taking as much a hit by deferring fees, especially the ones in silicon valley who are competing for your business.