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Reporting to Corporate Management on Value of Legal Service

Corporate law departments must develop a complete understanding of how the law-related matters entrusted to them create or deliver value to the business operations and that they develop a language and metrics by which they can communicate that information to management most effectively. The more a law...

Client Agreements and Definition of Value

Client perspective is the primary concern for legal work valuation. Quite simply such work must serve the client's interests or it does not possess any value. The degree to which it does serve those interests will determine how valuable it is. Therefore, corporate law departments should ensure that...

Key Corporate and Commercial Delaware Decisions for First Five Months of 2013

Among the key corporate and commercial Delaware decisions that we have highlighted on these pages during the first five months of 2013, the following decisions either clarified existing Delaware law or announced new law on important substantive or procedural topics. This is a supplement to the annual...

Widener Law’s Annual Pileggi Lecture Considers “Delaware’s Choice”

Widener University School of Law is pleased to announce that Guhan Subramanian , the Joseph Flom Professor of Law & Business at Harvard Law School, will deliver the 2013 Annual Francis G. Pileggi Distinguished Lecture in Law. The media is invited to cover Subramanian’s lecture, “Delaware’s...

Top Ten 2013 Delaware Corporate and Commercial Decisions

by Francis G.X. Pileggi and Kevin F. Brady This is our ninth annual review of key Delaware corporate and commercial decisions. During 2013, we reviewed and summarized over 200 decisions from Delaware’s Supreme Court and Court of Chancery on corporate and commercial issues. Among the decisions...

Hobby Lobby and the Corporate Law, Quick Thoughts

Lots of ink has already been spilt on the Hobby Lobby opinion [ an enhanced version of this opinion is available to lexis.com subscribers ]. I won't add to any of the discussion on contraception or even much about the RFRA claim. I do want to say something about the Supreme Court's conception...

Annual Review of Key Delaware Corporate Decisions for 2014

This is the tenth year that we are providing our annual review of the key corporate and commercial decisions from Delaware’s Supreme Court and Court of Chancery. This year we decided to pick only the top five among the more than 200 or so opinions that we highlighted. We encourage readers to suggest...

Delaware Proposes New Fee-Shifting and Forum Selection Legislation

Legislation is being proposed to ask the Delaware Legislature to limit the ability of corporations to adopt fee-shifting provisions in their charter and bylaws, but to provide additional support for adopting forum selection clauses in those same corporate documents. The proposed legislation is available...

Delaware Appraisal Amendments

Usually amendments to the corporate law are pretty sleepy affairs. This year is different. There's anti-fee-shifting legislation, In the slew of amendments generating interest this year, there's the new Chancery facilitated arbitration procedure, and there the amendments to the appraisal statute...

So Why Should Delaware Corporate Law Predominate?

One feature of the U.S. corporate law environment that always strikes outside observers and new initiates as odd is the predominance on the legal landscape of the law of Delaware. The tiny Eastern seaboard state is the second smallest U.S. state by size; only five states are smaller by population, yet...

Should Nevada Be the New Preferred Forum? (That’s Right, Nevada.)

As I noted in a recent post , when the Wall Street Journal has a front-page article asking the question whether Delaware’s claim as the preferred home jurisdiction for many U.S. corporations continues to be warranted, it might be time to wonder whether Delaware’s preeminence might actually...

Big News Out of Delaware: Tamika Montgomery-Reeves Nominated for Vice Chancellor

Gov. Markell has announced the nomination of Tamika Montgomery-Reeves , a Wilson Sonsini partner, to replace retiring Vice Chancellor Donald Parsons. Ms. Montgomery-Reeves will be the first African-American to serve as Vice Chancellor in the Chancery Court and the first woman since Justice Carolyn Berger...