On Friday, October 31st, the Institute of Delaware Corporate & Business Law’s 4th Annual Visiting Scholar, Professor Steven Davidoff, spoke over lunch in the Barrister’s Club to students from the Delaware Journal of Corporate Law
, the Widener Law Review
, and the corporate LL.M. program.
After a nice introduction from Ruby R. Vale Professor of Corporate and Business Law Lawrence Hamermesh
, Professor Davidoff joked, “I want to thank Larry for that. I should record it and play it for my wife when she asks me to take out the trash.”
Professor Davidoff addressed private equity and strategic transactions in his talk, and he spoke the students about challenges they might face in their future careers. He also discussed the Emergency Economic Stabilization Act of 2008, calling the Federal Government “the biggest dealmaker of all right now.” He also touched on the problems that led to the country’s current economic troubles and why people were “drafting contracts that just didn’t work.”
Professor Davidoff stressed two important points to future transactional lawyers. “Inform your clients of the risk,” he said, and, “The second thing is that you have to know the flaws in the structure of your deal.” He emphasized that lawyers had been relying too much on the way that things had been and urged the students to “get creative” when structuring contracts. In his parting remarks, he called the current atmosphere exciting and wished the students good luck. He also took a round of questions from the audience at the conclusion of his talk.
An Associate Professor of Law at the University of Connecticut School of Law, Professor Davidoff is a visiting professor at Ohio State’s Moritz College of Law during the 2008-09 academic year. He graduated from the University of Pennsylvania, earned his J.D. from the Columbia Univeristy School of Law, and possesses a master's degree in finance from the London Business School. Professor Davidoff was a practicing attorney for 10 years with Shearman & Sterling in both the New York and London offices and with Freshfields Bruckhaus Deringer in its London office. A regular columnist for The New York Times "DealBook" site, Professor Davidoff writes as The Deal Professor, focusing primarily on mergers and acquisitions.