Lawyers across McCarter’s practices are working together to help our clients keep or get their businesses up and running while preparing for the “new normal” work environment.
Making waves in the legal community
We’re proud to announce the New Jersey Law Journal recently named McCarter’s Venture Capital & Emerging Growth Companies Group as the winner in the Dealmakers category of its Professional Excellence 2020 awards, which recognize lawyers who have left an indelible mark on the legal community through unwavering dedication to the profession. And NJBIZ named McCarter partners Dave Sorin, Joe Boccassini, Susan Feeney, and Scott Kobler to their Law Power 50 list, which recognizes legal professionals who achieve outstanding results in New Jersey on behalf of significant clients or causes.
Assisting employers and employees
Our Employee Benefits & Executive Compensation lawyers advise businesses on qualified disaster relief payment programs with which businesses can reimburse employees impacted by the COVID-19 pandemic in a tax-efficient manner under Section 139 of the Internal Revenue Code (which initially was enacted following the September 11 terrorist attacks). We guide clients through deciding whether implementing this type of program fits their business goals, and if it does, we can help them adopt a formal program.
Keeping current on data privacy
Today’s businesses face an increasing demand to address critical cybersecurity, data protection, and privacy law issues, and McCarter’s Cybersecurity & Data Privacy group is here to help. To bolster our capabilities, McCarter lawyer Morgan Jones recently has earned a Certified Information Privacy Professional/Europe (CIPP/E) credential through the International Association of Privacy Professionals (IAPP). The CIPP is the ANSI-accredited gold standard in privacy certification, and the CIPP/E is the first professional credential specific to European data protection, equipping Morgan with a keen understanding of the principles-based framework of pan-European and national data protection laws, the European model for privacy enforcement, key privacy terminology, and practical concepts concerning the protection of personal data and transborder data flows. Morgan also holds a CIPP/US certification. Clients rely on Morgan’s comprehensive knowledge of legal and operational compliance with various privacy laws, including the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), among others, both in the United States and abroad.
For recent data privacy news, read our recent alert titled “CCPA Enforcement — Ready, Set, Sue!” regarding the CCPA and covering updates and clarifications pertaining to notice, consumer requests/rights service providers, and minors.
Helping businesses maintain financial footing
McCarter has developed a strong capability in the Small Business Administration’s Paycheck Protection Program as well as other federal and state programs and legislation enacted to assist businesses and individuals through this period of economic uncertainty. As an example of our depth of knowledge, partner Onome Adejemilua joined a Garden State Bar Association African American Lawyers for Justice panel titled “Paycheck Protection Program, Main Street Lending Program, and Tax Implications for Small and Medium-Sized Businesses.” The speakers discussed loan forgiveness, including a review of the requirements for eligibility from both the lenders’ and borrowers’ perspectives.
Sharing information with the venture capital ecosystem
Dave Sorin sat down with Disruptive Technologists to discuss the changes he’s witnessed in the New York and New Jersey start-up scene, his concerns about the aftermath of COVID-19, the importance of diversity for start-ups, and his thoughts on where we’re heading in the future. Click here to listen.
Representing clients doing great things
We help our clients move their businesses forward. For example, we represented direct-to-consumer startup Sunflow from ideation, through development to commercialization, and initial financing. This week, Sunflow’s flagship product, an innovative beach chair incorporating unique engineering and design, was featured in Fast Company.
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.
Venture Summit Virtual Connect Global
6.29.20 Howard M. Berkower, William D. Brown, Jr., Jillian Bray, Hugh F. Murray, III and Jonathan Pizarro-Ross authored “SBA Revisions Expand Paycheck Protection Program Eligibility and Loan Forgiveness”—McCarter & English Coronavirus Legal Advisory
6.19.20 Morgan Jones and Scott M. Smedresman authored “CCPA Enforcement — Ready, Set, Sue!”—McCarter & English Data Privacy Alert
6.7.20 David Sorin discussed “State of the NY/NJ Start-up Scene”—Disruptive Technologists Broadcast Please visit our Coronavirus Resource Center, which contains regularly updated information to assist you and your business during these turbulent times.