November 26, 2012
The London office of international law firm Weil, Gotshal & Manges was honoured for its innovative pro bono financing work for UK disability charity Scope at the British Legal Awards 2012 ceremony in London on November 22, 2012, when Weil was named co-recipient, with Linklaters LLP, of the CSR Initiative/Programme of the Year award.
Weil and Linklaters advised on the establishment of a £20 million bond programme to be used by Scope, one of the UK’s most recognised charities, to invest in income-generating activities, including fundraising programmes to grow its supporter base and expand its network of charity shops, both of which generate long-term sustainable sources of income to fund the expert advice, education and learning facilities, employment and training services, and residential care and support services Scope provides to disabled people and their families in England and Wales.
Weil advised Scope on the first issuance of bonds under its £20 million bond programme in June 2012, as well as on establishment of the charity’s bond programme, which was listed on the Euro MTF Market of the Luxembourg Stock Exchange in October 2011. Linklaters was pro bono counsel for Investing for Good, a specialist social finance intermediary that Scope partnered with to launch the issue of the bonds and whose FSA authorised affiliate, The Social Investment Market CIC Ltd., was the arranger of the bond programme.
This news appeared in the following outlets (may require registration/subscription):
- Legal Week: British Legal Awards 2012: who won what – and why... (December 14, 2012)