These are unprecedented times. While the world around us is shifting minute-by-minute and people and businesses are facing unthinkable challenges, we are steadfast in our commitment to you and your success.
Providing information and guidance
One of the ways the firm is trying to help clients is to introduce, wherever possible, business clients who need to borrow monies to banks and other financial institutions. The SBA has provided a second round of appropriations for the Paycheck Protection Program, and we are continuing to work with clients exploring financing alternatives, both government-sponsored under the CARES Act or otherwise. Please feel free to reach out to us to see how we may be able to help. Please also visit our Coronavirus Resource Center, which contains regularly updated information on the impacts on employment, supply chain, insurance coverage (e.g., risk mitigation and the enforceability of force majeure provisions), data privacy, government contracts, real estate, and more, including information relating to the complex and myriad rules, including the SBA affiliate rules, associated with the Paycheck Protection Program under the CARES Act.
Recognizing clients who do amazing things
In response to the urgent needs derived from COVID-19, our client Differential Venture Partners announced its launch of a grant program available to companies employing data science and other technologies to develop solutions to myriad problems associated with the coronavirus. Applications for grants, largely in increments of $25,000, may be found here. We have helped make introductions to Differential Ventures for companies and not-for-profit initiatives like NumaVent, a grant recipient designing easy-to-manufacture, cost-effective ventilators built primarily from off-the-shelf components.
McCarter is proud of our continued relationship with the NYU Entrepreneurial Institute, for which we are long-time mentors (even when we must do so virtually) to some of the best and brightest entrepreneurs based in Silicon Alley. We are proud to report that client Swoveralls, which—in addition to receiving media coverage for its product, a combination of sweatpants and overalls—has been named NYU’s Startup of the Week. Client Optimal Dynamics, Inc., whose artificial intelligence software technology for the trucking and logistics industries emanates from Princeton University, is the featured startup for the Celebrate Princeton Innovation event showcasing Princeton University researchers who create inventions with the potential to benefit society.
Celebrating McCarter & English accomplishments
In PitchBook’s 2019 Global League Tables, McCarter is, for the fifth year in a row and for 20 consecutive quarters, ranked among the leading law firms regionally, nationally, and globally based on venture capital financing deal activity during the past calendar year. For 2019, we ranked 8th in the eastern region, 12th in the US, 14th in the world and 16th globally for early stage financing transactions. Once again, we remain the singular east coast law firm without a Silicon Valley presence to achieve these high rankings.
McCarter also appears in the New Jersey Law Journal’s annual list of “Lawyer-Lobbyist” firms consisting of the top 15 firms in the state by revenue. This reflects the success of the firm’s Government Affairs practice, which has been instrumental in helping clients in the venture capital space, including in matters regarding blockchain, digital assets, and electric vehicles. We are happy to reprise our leading role at youngStartUp Ventures’ Venture Summit, where innovators and leading investors connect. This year’s “Virtual Connect” offers an immersive, interactive virtual summit providing visibility for startups and access for investors to vetted deal flow.
Lawyers in McCarter’s Venture Capital & Emerging Growth Companies Practice group empower clients throughout the development cycle—from ideation to creation, capitalization, implementation, commercialization and monetization.
Negotiating the Term Sheet