May 23, 2018
Latham & Watkins was honored to receive the Philanthropy Award from the Big Brothers Big Sisters of the Bay Area at its Diamond 60th Anniversary Gala, held recently in San Francisco.
In 2017, Big Brothers Big Sisters of the North Bay merged with Big Brothers Big Sisters of the Bay Area, with the latter continuing as the surviving corporation. A Latham team based in Silicon Valley offered pro bono advice during the merger, including counseling the CEO and Board of Big Brothers Big Sisters of the Bay Area in all aspects of the transaction, preparing and negotiating transaction documents, and assisting with the integration process.
Big Brothers Big Sisters of the North Bay was struggling to maintain its mentoring programs with limited financial and operational resources. The purpose of the transaction was to enable a combined organization to serve a total of nine counties in the Bay Area region, centralizing key functions to offer one of the only year round mentoring programs for disadvantaged youth in those counties. Combined, the organization reaches more than 1,000 children, 90 percent of whom are low-income, raised in single-parent homes, and qualify for free or reduced lunch.