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Yale Launches Center for the Study of Corporate Law
New law school initiative seeks to link academic and practical legal worlds
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BNH
6/1/2000
By: BNH
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To foster “dialogue” between the academic world and legal practitioners, the Yale Law School has launched a new Center for the Study of Corporate Law.
The center was created to facilitate the research and teaching of business law, including: corporate law and the law of other non-governmental organizations; regulation of financial markets and intermediaries; and the legal framework of finance, including the law of bankruptcy, corporate reorganization and secured transactions.
The idea for the Center for the Study of Corporate Law originated in a conversation between Yale Law School Dean Anthony Kronman and Todd Lang, senior partner in the law firm Weil, Gottshal & Manges, LLP. The center plans to hold a roundtable or conference each semester.
The first of these took place May 5, when legal scholars and practitioners from around the country participated in an inaugural roundtable on corporate governance, which included both lectures and a panel discussion.
Speaking at the session, Kronman asserted that in corporate law, “Where practice is imbued with high intellectualism, an exchange of ideas and a transfusion of information in both directions - from the academy to practice and from the practice to academicians - is a very good idea.”
Papers discussed at the roundtable were “Legal and Economic Aspects of Transferring Corporate Control by Shareholder Vote Rather than by Directly Tendering Shares,” presented by professors Alan Schwartz of Yale Law School and Ronald Gilson of Stanford Law School; and “Do IPO Charters Maximize Firm Value? Anti-takeover Protection in IPOs,” by Robert Daines of the New York University Law School and Stanford's Michael Klausner.
The new center's director is Roberta Romano, Allen Duffy/Class of 1960 Professor of Law. Following May 5 event, she said, “The roundtable provided an excellent start for the center, fostering a dialogue between academics and practitioners on the important corporate law issues of the day, and continuing the law school's historic leadership in corporate law, both nationally and internationally.”
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