Orrick was been honored with the 2015 Trustlaw Social Impact Award by the Thomson Reuters Foundation for its collaboration with pro bono client, UnLtd in developing a report analyzing the legal entities available to “profit with purpose” businesses across the G8. The Impact Award is given to the project that demonstrates “a significant, wide-ranging impact on the pro bono client, their community and beyond.” Orrick was privileged to work with UnLtd. and the Mission Alignment Working Group, a division of the Social Impact Investment Taskforce established under the UK’s presidency of the G8, in developing the report. The report serves as an important tool for policymakers as they consider changes to existing legal regimes in order to facilitate investment in profit with purpose businesses.
"We are grateful for the opportunity to collaborate with our client UnLtd on this important initiative. We will continue to provide our legal expertise in supporting the impact finance market which we believe has the power to transform the lives of so many who are at the bottom of the economic pyramid," said Rene Kathawala, Orrick's Pro Bono Counsel.
"UnLtd is proud of this ground-breaking research on the legal forms and mechanisms across the G8 countries that are available to ‘profit-with-purpose’ businesses. We're grateful to Orrick for their impressive commitment and the depth of their research, and TrustLaw for all the fantastic work they do to allow social entrepreneurs to access the legal advice they need," commented Cliff Prior, CEO of UnLtd.
A copy of the report is available here and a short video about the project can be viewed here.
Orrick attorneys from across the firm's offices in the US, Europe and Asia worked together to develop the report including Gillian Smith, Alexandra Cambouris, Jack Mead and David Syed from our London office, Paola Barometro, Sira Franzini and Giovanni Leoni from our Milan office, Sydney Domoraud-Operi from our Paris office, Kane Huang and Yuko Inui from our Tokyo office, Rene Kathawala and Daria Loshkareva from our New York office, and Stefan Schultes-Schnitzlein and Alexandra Shchavelev from our Dusseldorf office.