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Latham advises Berkeley Lights in initial public offering

Berkeley Lights, Inc., a leader in Digital Cell Biology, has announced the pricing of its initial public offering of 8,100,000 shares of common stock at a public offering price of $22.00 per share. All of the shares of common stock are being offered by Berkeley Lights. In addition, Berkeley Lights has granted the underwriters a 30-day option to purchase up to an additional 1,215,000 shares of common stock at the initial public offering price, less the underwriting discounts and commissions. Berkeley Lights’ common stock began trading on the Nasdaq Global Select Market on July 17, 2020, under the ticker symbol “BLI.” The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Berkeley Lights, are expected to be approximately $178.2 million, excluding any exercise of the underwriters’ option to purchase additional shares.

Latham & Watkins LLP represents Berkeley Lights, Inc. in the offering with a life sciences capital markets team led by Bay Area partner Brian Cuneo with Bay Area associates Alexander White, Meredith Peake, Raul Gonzalez, Theresa Bloom and Amanda Dillon. Advice was also provided on tax matters by Bay Area partner Grace Lee, with Bay Area associate Abigail Friedman; on benefits and compensation matters by Bay Area partner Ashley Wagner; on intellectual property matters by Bay Area partner Judith Hasko, with Bay Area associate Gavin Liu; and on regulatory matters by Washington, D.C. partner Elizabeth Richards and Bay Area counsel Betty Pang, with Washington, D.C. associate Chad Jennings.

Leading private equity partner joins Latham in the Bay Area

Latham & Watkins LLP is pleased to announce that Eric Schwartzman has re-joined the firm as a partner in the Corporate Department and member of the Mergers & Acquisitions and Private Equity Practices. He will practice from the firm’s Bay Area offices, advising private equity sponsors and their portfolio companies, strategic corporate acquirers, and target companies on sophisticated transactions, including mergers, acquisitions, dispositions, take-privates, carve-outs, restructurings, and joint ventures.

Schwartzman is particularly focused on representing private equity clients in sophisticated deals in the technology industry and its many subsectors. His experience also spans the telecommunications, consumer, energy, media and entertainment, financial services, healthcare, industrials, manufacturing, and retail sectors.

“We are thrilled to welcome Eric back to Latham as a partner in our premier global M&A and Private Equity Practices,” said Marc Jaffe, Global Chair of Latham & Watkins’ Corporate Department. “Continuing to build out these practices globally, nationwide, and particularly in the Bay Area is a strategic focus of the firm, as we are deeply committed to growing in line with our clients’ needs. Eric’s vast experience in the technology sector further underscores that commitment as we see our private equity clients increasingly focused on deals in the tech space.”

Tad Freese, Office Managing Partner of Latham & Watkins in Silicon Valley, added: “Eric’s skill set and experience leading complex transactions on behalf of private equity clients are perfectly aligned with our strong M&A and Private Equity Practices in the Bay Area. He is widely recognised as a preeminent private equity M&A lawyer and will be of tremendous benefit not only to clients in California but across Latham’s global platform.”

“Latham’s integrated global platform, private equity capabilities, substantial industry experience, and collaborative culture are all second to none. I am thrilled to re-join this world class firm where I grew up as a lawyer and made partner, to contribute to its continued growth and to serve our clients not only in the Bay Area, but across the United States and globally,” said Schwartzman.

Schwartzman re-joins Latham from Cooley in San Francisco. He previously practiced from Latham’s New York office both as an associate and partner from 2001-2012. He is the latest addition to an extensive group of prominent partners who have recently joined Latham’s Mergers & Acquisitions and Private Equity Practices, including Neal Reenan and Ian Bushner, who joined the firm in March, and Kate Withers, who joined in April.

Eric Schwartzman received his JD, magna cum laude, from Syracuse University College of Law and graduated Order of the Coif.

Latham & Watkins advises Inari Medical in upsized IPO

Inari Medical, Inc., a commercial-stage medical device company focused on developing products to treat and transform the lives of patients suffering from venous diseases, has announced the pricing of its upsized initial public offering of 8,202,565 shares of its common stock at a public offering price of US$19.00 per share, for total gross proceeds of approximately US$156 million, before deducting underwriting discounts and commissions and offering expenses. All of the shares are being offered and sold by Inari. In addition, Inari has granted the underwriters a 30-day option to purchase up to an additional 1,230,384 shares of common stock at the initial public offering price, less underwriting discounts and commissions. Inari’s common stock began trading on the Nasdaq Global Select Market on May 22, 2020 under the symbol “NARI.”

Latham & Watkins LLP represents Inari Medical, Inc. in the initial public offering with a capital markets team led by Orange County partner Shayne Kennedy and New York partner Nathan Ajiashvili, with Orange County associates Ross McAloon, Eric Hanzich, and Jacob Walsh. Advice was also provided on benefits and compensation matters by Los Angeles partner Michelle Carpenter, with Orange County associates Sara Schlau and Gabrielle Masse; on tax matters by Los Angeles partner Samuel Weiner, with Orange County associate Janet Hsu; on intellectual property matters by Bay Area partner Judith Hasko, with San Diego associate Robert Yeh; and on regulatory matters by Washington, D.C. partner Elizabeth Richards and Brussels partner Hector Armengod, with Bay Area counsel Betty Pang, Washington, D.C. counsel Nicole Liffrig Molife, Washington, D.C. associate Chad Jennings and New York associate Heath Ingram.

Latham & Watkins launches new LiveWell Center in Los Angeles

Latham & Watkins LLP today opened the LiveWell Center, the firm’s new on-site health center in its Los Angeles office, managed by Johns Hopkins Medicine. The new center expands the firm’s market-leading well-being platform — LiveWell Latham — which, for over a decade, has provided innovative physical and mental well-being programs designed to meet the unique needs of its personnel.

“I’m thrilled to see the center launch in Los Angeles and proud to be the first law firm in the country with an on-site health center managed by the prestigious Johns Hopkins,” said Larry Seymour, Office Managing Partner in Los Angeles. “This is an important and exciting milestone and is further testament to our strong commitment to support the well-being of our employees.”

The LiveWell Center provides a variety of medical and preventive services such as acute care for minor illnesses and injuries, screenings, flu shots, travel immunisations, blood pressure and cholesterol screenings, and blood work. The new center will also provide counseling and well-being coaching, chronic disease prevention and management, and physical therapy.

“While many on-site clinics focus primarily on acute care, we intentionally expanded our services to include preventive care, chronic disease management, mental health counseling, and physical therapy,” said Annette Sciallo, Director of Global Benefits & Well-Being at Latham & Watkins. “It’s about removing barriers to care and making it easy for our lawyers and staff to focus on their health proactively.”

These expanded services complement the ongoing programs of LiveWell Latham, the firm’s global health and well-being program, including concerted efforts across the US, Europe, the Middle East and Asia around mental health, resilience, diabetes prevention, ergonomics, and other areas.

Latham’s Chief Operating Officer LeeAnn Black added: “The LiveWell Center is the latest innovation in our decade-long journey to foster and support a culture of well-being across the firm. The health and well-being of our people remains a top priority for Latham, and we are committed to investing in best-in-class resources that help them thrive.”

LiveWell Center services are available to all lawyers and staff in the firm’s downtown Los Angeles offices, as well as those visiting on firm business — with nearly all services being free of charge.

Johns Hopkins Medicine manages the LiveWell Center in adherence with Johns Hopkins medical protocols. The experienced clinical team is led by an Advanced Registered Nurse Practitioner and includes two well-being counselors, two physical therapists, and a Registered Nurse.

The firm plans to open a second LiveWell Center with Johns Hopkins in New York when the office relocates to 1271 Avenue of the Americas in 2020.

About LiveWell Latham

LiveWell Latham, the firm’s global health and well-being program, launched in 2010 and promotes health, safety and overall well-being for Latham attorneys and staff across the US, Europe, the Middle East and Asia. Our initiatives range from customised resilience and mindfulness programs to bespoke mental health trainings; diabetes prevention to executive health; cancer support to telemedicine; and ergonomics assessments by over 100 in-house trained ergonomics specialists. The firm also runs an annual “Spring Challenge,” entering its 12th year, in which approximately 100 team leaders across the firm lead their offices in a Fitbit-based physical activity competition. These efforts are led by a long-standing dedicated and experienced well-being team focused on the development and implementation of the firm’s innovative program.