Embarking on the path of entrepreneurship, one of the most expensive costs that business owners can incur is legal expenses. In efforts to help Black entrepreneurs amid the COVID-19, or the novel coronavirus, pandemic, the Official Black Wall Street organization, a platform and directory for Black-owned businesses across various sectors within the United States, is teaming up with Baker Botts, an international technology and energy firm, to provide financial support for legal service for Black-owned businesses.
Baker Botts announced the news this week with the firm promising to commit $10 million in free legal services over the course of three years for members within the organization. “Over the past several months, we have had the opportunity to conduct a series of listening and learning sessions across our offices and with our colleagues,” said Baker Botts Managing Partner John Martin in a press statement.
“We must acknowledge the pervasive racial inequality in our society, take ownership of it, and take action to contribute something enduring to solve the problem. This strategic collaboration is one small step in that direction. Providing equitable access to legal services is a necessary part of ensuring that Black-owned businesses thrive.”
“We are excited to work with Baker Botts and their extensive network of talented attorneys,” said Founder and CEO of Official Black Wall Street, Mandy Bowman in a press statement. “Black entrepreneurs often lack the exposure and resources needed to grow a business. Familiarizing Black-owned businesses with these services will benefit them and empower the Black community through economics and ownership.”