Cleary Gottlieb represented longtime pro bono client Wildcat Service Corporation, an acclaimed social services agency that has provided job training to more than 250,000 ex-offender, ex-addict and other New Yorkers, in its merger with Fedcap, a 75-year-old nonprofit specializing in vocational training for the disabled. Cleary Gottlieb has represented Wildcat since 2005, providing more than $1.7 million of pro bono services. The merger was announced June 8 and is expected to close in July.
The merger reflects a nascent nonprofit consolidation trend, strongly encouraged by funders and academics. The combined entity will have annual revenues of $90 million and serve more than 9,000 jobless and underemployed clients annually.
