Corporate Counsel

Lambda is the #1 GPU Cloud for ML/AI teams training, fine-tuning and inferencing AI models, where engineers can easily, securely and affordably build, test and deploy AI products at scale. Lambda’s product portfolio includes on-prem GPU systems, hosted GPUs across public & private clouds and managed inference services – servicing government, researchers, startups and Enterprises world-wide.

If you'd like to build the world's best deep learning cloud, join us. 

*Note: This position requires presence in our San Francisco office location 4 days per week; Lambda’s designated work from home day is currently Tuesday.

What You’ll Do

As Corporate Counsel at Lambda, you will perform a broad range of legal work with a primary focus on supporting and overseeing a variety of corporate governance, equity administration, securities and transactional matters, with a potential focus on preparing for and executing a public offering. You will also provide support for Lambda’s Commercial Legal team in negotiating various commercial and procurement/vendor contracts as needed. You will report to Lambda’s Associate General Counsel, Corporate.

• Corporate Transactions: Provide counseling, support, and organization to enable key business initiatives like equity fundraising rounds, debt financings, M&A and strategic investments.

• Equity Management

  • Maintain and update the cap table in Carta, draft equity grant approvals, field employee equity questions, update equity grant documentation, coordinate quarterly 409A valuations.

  • Manage an active secondary sale market from receipt of a transfer proposal through coordinating closing logistics and updating the cap table. 

• Corporate Governance: Prepare board and committee materials (resolutions, minutes, written consents) and manage entity maintenance tasks, including registrations and filings.

• Subsidiaries: Assist in the formation and dissolution of entities, including international entities, and support changes in entity structure.

• People & Culture: Partner with the People teams to support various initiatives to support Lambda’s culture. Projects may include advising on employee and management handbooks and developing and delivering training for employees on various legal adjacent topics (e.g. equity compensation). 

• Research and Process Improvement: Monitor evolving industry regulations and leverage legal-tech solutions to automate workflows, streamline contract review, and drive continuous process enhancements.

• Commercial & Procurement Support: Support the Commercial Legal team in procurement and vendor contracting: assist with RFP processes, review and negotiate MSAs, Statements of Work, and service-level agreements under the guidance of our dedicated commercial team to secure favorable commercial and risk outcomes.

• As-Needed Legal Support: Collaborate on employment, IP, privacy-policy updates, equity administration support, and ad hoc projects as priorities shift.

You

• JD from an accredited law school and admission to practice in at least one U.S. jurisdiction (California bar preferred or in-house registration).

• 3-5 years of combined law firm and/or in-house experience, with demonstrated strength supporting corporate transactions, governance and equity administration.

• Solid corporate background covering governance, financings, and entity management.

• Exceptional drafting and negotiation skills, with an ability to balance legal risk against business objectives.

• Strong interpersonal and communication skills; adept at collaborating with stakeholders at all levels.

• Proactive mindset, meticulous attention to detail, and ability to manage competing priorities in a fast-paced environment.

Nice to Have

• Experience at a late-stage private or pre-IPO company.

• Familiarity with public-company readiness, IPO processes, and 34 Act filings.

• Experience negotiating procurement/commercial agreements.

• Experience with debt financings.

Salary Range Information

Based on market data and other factors, the annual salary range for this position is $172,000-$248,000. However, a salary higher or lower than this range may be appropriate for a candidate whose qualifications differ meaningfully from those listed in the job description. 

About Lambda

• Founded in 2012, ~350 employees (2024) and growing fast

• We offer generous cash & equity compensation

• Our investors include Andra Capital, SGW, Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, NVIDIA, Pegatron, Supermicro, Wistron, Wiwynn, US Innovative Technology, Gradient Ventures, Mercato Partners, SVB, 1517, Crescent Cove.

• We are experiencing extremely high demand for our systems, with quarter over quarter, year over year profitability

• Our research papers have been accepted into top machine learning and graphics conferences, including NeurIPS, ICCV, SIGGRAPH, and TOG

• Health, dental, and vision coverage for you and your dependents

• Wellness and Commuter stipends for select roles

• 401k Plan with 2% company match (USA employees)

• Flexible Paid Time Off Plan that we all actually use

A Final Note

You do not need to match all of the listed expectations to apply for this position. We are committed to building a team with a variety of backgrounds, experiences, and skills.

Equal Opportunity Employer

Lambda is an Equal Opportunity employer. Applicants are considered without regard to race, color, religion, creed, national origin, age, sex, gender, marital status, sexual orientation and identity, genetic information, veteran status, citizenship, or any other factors prohibited by local, state, or federal law.