May 09, 2014
Corporate Practice Commentator's Top 10 Articles of 2013
The Top 10 Corporate and Securities Articles of 2013
The Corporate Practice Commentator is pleased to announce the results of its twentieth annual poll to select the ten best corporate and securities articles. Teachers in corporate and securities law were asked to select the best corporate and securities articles from a list of articles published and indexed in legal journals during 2013. More than 550 articles were on this year’s list. Because of the vagaries of publication, indexing, and mailing, some articles published in 2013 have a 2012 date, and not all articles containing a 2013 date were published and indexed in time to be included in this year’s list.
The articles, listed in alphabetical order of the initial author, are:
Armour, John, Bernard Black and Brian Cheffins. Is Delaware losing its cases? 9 J. Empirical Legal Stud. 605-656 (2012).
Bebchuk, Lucian A. The myth that insulating boards serves long-term value. 113 Colum. L. Rev. 1637-1694 (2013).
Bratton, William W. and Michael L. Wachter. A theory of preferred stock. 161 U. Pa. L. Rev. 1815-1906 (2013).
Choi, Stephen, Jill Fisch, and Marcel Kahan. Who calls the shots? How mutual funds vote on director elections. 3 Harv. Bus. L. Rev. 35-82 (2013).
Coates, John C. IV. Corporate politics, governance, and value before and after Citizens United. 9 J. Empirical Legal Stud. 657-696 (2012).
Gilson, Ronald J. and Jeffrey N. Gordon. The agency costs of agency capitalism: Activist investors and the revaluation of governance rights. 113 Colum. L. Rev. 863-927 (2013).
Grundfest, Joseph A. and Kristen A. Savelle. The brouhaha over intra-corporate forum selection provisions: A legal, economic, and political analysis. 68 Bus. Law. 325-410 (2013).
Klausner, Michael. Fact and fiction in corporate law and governance. 65 Stan. L. Rev. 1325-1370 (2013).
Langevoort, Donald C. and Robert B. Thompson. "Publicness" in contemporary securities regulation after the JOBS Act. 101 Geo. L.J. 337-386 (2013).
Rock, Edward B. Adapting to the new shareholder-centric reality. 161 U. Pa. L. Rev. 1907-1988 (2013).
By institutional affiliation, the schools with the most authors represented are: Penn (4), Harvard (2), NYU (2), Columbia (2), Stanford (2), Georgetown (2).
May 06, 2014
Rookie hiring 2013-14
Sarah Lawsky (UC Irvine) has recorded 73 junior hires this year, though as she notes in the comments, there appear to be just 64 tenure-track academic hires (as distinct from tenure-track clinical and/or legal writing positions--those markets generally operate rather differently, which is why it's useful to disagreggate them). The AALS, in its infinite unwisdom, made it impossible to search job candidates this year by JD school, meaning that, unlike last year, we have no idea how many graduates from each school were actually on the market. 5 of our 7 graduates secured tenure-track positions, and one is still in the running for a 6th. All would have placed just two or three years ago, but this year saw multiple positions for which schools interviewed disappear (sometimes after callbacks) due to budgetary concerns. My guess is we will see only 60 or 70 academic tenure-stream lines filled next year as well. Once the applicant pool stabilizes (my guess is it will next year), schools will go back into the hiring market for new law teachers more aggressively, since many schools are currently leaving lines unfilled for which they have needs. Even so, I suspect a "recovery" in the teaching market will mean 100-120 new lines being filled, and that is probably 3-5 years off.
May 05, 2014
NYU's Sujit Choudry to be Berkeley's new Dean
The Berkeley announcement here.
May 01, 2014
Texas A&M Law School (formerly Texas Wesleyan) names L&E scholar Andrew Morriss as new Dean
Press release here. That's a major hiring coup, which surely would not have been possible without Texas A&M taking over Texas Wesleyan. Morriss, most recently, held a Chair at the University of Alabama, and before that was at the University of Illinois.
April 28, 2014
U of Arizona Dean Marc Miller profiled
April 23, 2014
Berkeley's Acting Dean Gillian Lester named Columbia's new Dean
Press release here.
UPDATE: I should note also that Lester's husband, Eric Talley, a leading corporate law and law & economics scholar at Berkeley, will also be moving to Columbia. This will solidify Columbia's position as having one of the two best "business law" faculties in the U.S.
Six legal scholars elected to American Academy of Arts & Sciences
They are: Christopher Eisgruber (Princeton), Vicki Jackson (Harvard), David Luban (Georgetown), George Priest (Yale), Bryan Stevenson (NYU), and John Witt (Yale).
UPDATE: You can see a breakdown of all newly elected Fellows by institutional affiliation here.
ADDENDUM: I should note that the philosopher Gary Watson, who is cross-appointed to the law faculty at the University of Southern California, and who has done seminal work on freedom of the will and moral responsibility, was also elected a Fellow this year. (USC has a top ten philosophy department these days, as well as an excellent law school.)
April 15, 2014
Tobin Named Dean At Maryland
Donald Tobin, a faculty member at The Ohio State University law school, has been named the new law school dean at the University of Maryland. He holds a JD from Georgetown and has been in academia since 2001.
April 12, 2014
Gulati, Krawiec will stay at Duke after all, rather than moving to USC
That's a significant retention for Duke! (Earlier announcement was here.)
April 09, 2014
Congratulations to the Chicago Alumni (and Bigelows) who accepted tenure-track positions this year
This was the most difficult year in the law teaching market in decades (my guess is maybe sixty or seventy new faculty were hired nationwide this year--down from over a hundred last year, and over 150 just a few years ago). Fortunately, most of the Chicago graduates and Fellows were extremely successful in securing tenure-track positions in this challenging market. They are:
Vincent Buccola '08, who will join the faculty at the Wharton School of Business at the University of Pennsylvania. He graduated with High Honors and Order of the Coif from the Law School, where he was a member of the Law Review. He clerked for Judge Easterbrook on the 7th Circuit, and was a litigator at Bartlit Beck in Chicago for three years before becoming a Bigelow Fellow at the Law School. His scholarship has appeared in Kansas Law Review and George Mason Law Review. His areas of research and teaching interest include bankruptcy, contracts, business associations, corporate finance, and civil procedure.
Adam Chilton, who will join the faculty at the University of Chicago, where he is presently a Bigelow Fellow. He earned both his J.D. and his Ph.D. in Political Science from Harvard University. His scholarship has appeared or will appear in University of Pennsylvania Law Review, Yale Journal of International Law, Columbia Journal of Transnational Law, and elsewhere. Hhis teaching and research interests are primarily in international law and empirical legal studies.
Roger Ford '05, who will join the faculty at the University of New Hampshire. He graduated with Honors and Order of the Coif from the Law School, where he was a member of the Law Review. He practiced patent and trademark litigation and privacy law at Covington & Burlington for five years, and also clerked for Judge Easterbrook on the 7th Circuit. He has also been a Microsoft Research Fellow at NYU, and an adjunct professor at George Mason, where he taught Federal Courts. Most recently, he was a Bigelow Fellow at the Law School. His articles appear in Cornell Law Review, George Mason Law Review, and elsewhere. His research and teaching interests include intellectual property (esp. patents and trademarks), property, information privacy, criminal and civil procedure, and antitrust.
Randall K. Johnson '12, who will join the faculty at Mississippi College School of Law. At the Law School, he held the NAACP Legal Defense Fund Earl Warren Legal Training Scholarship for two years. He then served as a Law Fellow with the Chicago Lawyers' Committee for Civil Rights Under Law. His articles appear in Northern Illinois Law Review and Wake Forest Law Review Online. His research and teaching interests include property, evidence, real estate transactions, land use, and civil rights.
Greg Reilly, who will join the faculty at California Western School of Law in San Diego. He is presently a Bigelow Fellow at the Law School. He graduated magna cum laude from Harvard Law School in 2006 and clerked for Judge Dyk on the U.S. Court of Appeals for the Federal Circuit. He was a patent and products liability litigator with Morrison & Foerster in San Diego for five years before coming to Chicago. His articles appear in Michigan Telecommunications & Technology Law Review, University of Chicago Law Review Dialogue, and elsewhere. He has research and teaching interests in intellectual property (esp. patents), civil procedure and complex litigation, federal courts, and contracts.
Nathan Richardson '09, who will join the faculty at the University of South Carolina. He graduated with Honors from the Law School, where he was Articles Editor of the Chicago Journal of International Law. He is presently a Research Scholar at Resources for the Future in Washington, DC, where he has extensive experinece doing legal and interdisciplinary research, often in collaboration with economists. His dozen publications appear in Environmental Law, Stanford Journal of Environmental Law, Columbia Journal of Environmental Law, and elsewhere. He has research and teaching interests in environmental law, property, administrative and energy law, and law and economics.
Veronica Root '08, who will join the faculty at the University of Notre Dame, where shes is presently a VAP. At the Law School, she was Managing Editor of the Chicago Journal of International Law, and also received the Mulroy Prize for Excellence in Appellate Advocacy. She clerked for Judge Stewart on the U.S. Court of Appeals for the Fifth Circuit, and then litigated with Gibson Dunn in Washington, D.C. for three years, before taking up a Visiting Assistant Professorship at Notre Dame Law School, where she has taught professional responsibility. Her articles appear in University of Pennsylvania Journal of Business Law and University of Michigan Journal of Law Reform. Herresearch and teaching interests include professional responsibility, employment law, business associations, contracts, and commercial law.
If you're curious, you can read about some of our recent placements in law teaching here, here and here, and see a more comprehensive listing here. You can also see a list of past Bigelows and where they now teach here.