Spring 2000

Fall 1999

A Message from the Dean

Cities at the Horizon
Communities at the Horizon
Eastward from Our Horizon: U.S., China & Russia
Beyond the Horizon: Innovation and Technology

ILE Lecture: Charles A. Heimbold, Jr. L'60
Profile: Richard E. Rosin L'68
Profile: Pamela Daley L'79
Profile: Professor Jason Johnston
Profile: Howard Chang
Profile: Robert A. Gorman
Oral Legal History Project

Snippets of History
Faculty Notes
Alumni Briefs
In Memoriam

Penn Law

In September 1976, Professor Leo Levin began his Civil Procedure lecture to an eager group of energetic first-year students.  Could he have imagined a young woman, second row on the right, was absorbing his every word?  Indeed, she was.  “Professor Levin gave me such a sense of joy about the intricacies of the law and the importance of understanding the rules and applying them correctly and creatively.  He injected a sense of humor and wonderment and excitement about the law that was unparalleled in my experience.  Professor Al Warren brought the same magic to tax law in the next two years.”

Pamela Daley L’79 is a teacher’s ideal student: in her youth she excelled in mathematics and dreamed of becoming a high school math teacher.  Later at college (Princeton A.B. 1974), it was a pursuit of a degree in Romance Languages and Literature that reinvigorated a love of languages born of her upbringing and led her to dream of becoming a professor of French.

But, after Princeton, Daley took some time to explore which talents she would dedicate herself to developing.  She trained as a paralegal in Philadelphia and worked at Fox, Rothschild, O’Brien and Frankel as an ERISA paralegal for a couple of years before she applied to Penn for both J.D. and M.B.A. degrees.

“The day I got the acceptances both to Penn Law and to Wharton, the joy that I got in opening the letter from the Law School so overwhelmed the other letter, I realized  my heart was telling me something,” Daley laughs.  In the end, “A lot of what I needed to learn about business I learned either through matters I undertook at the law firm (as a tax attorney at Morgan Lewis & Bockius from 1979 to 1989) or much more concretely at GE,”  Daley is Vice President and Senior Counsel – Transactions for General Electric Company.  She joined GE in 1989 after departing Morgan Lewis as a partner.

For her next subject she didn’t study history, she became a participant in it – she was a deal lawyer on the first major merger of television and the Internet; the first transaction that would herald a radical redesign of the aerospace industry in the United States; and a transaction – her first at GE – which at the time was the largest Western investment in Hungary since World War II: GE Lighting’s 1989 acquisition of Tungsram, the state-controlled Hungarian light bulb manufacturer.

“That deal was a wild ride - an amazing cross-cultural experience, coming as it did during the fall of the Berlin Wall and reaching across the Iron Curtain,” Daley recalls.  “It was both an exciting global move for GE and a historic moment in the reform of Hungary’s economic system.  And as a personal footnote, the deal accelerated my transformation from mostly tax and partly business, to purely business lawyer, which is part of what I was after when I went to GE.”

In a geopolitically related transaction, Daley was GE’s deal lawyer in the 1992 sale of its aerospace business to Martin Marietta (now Lockheed Martin) for $3.1 billion.  “That deal represented a dramatic shift in an industry that was reshaping itself to survive the post-Cold War cuts in the U.S. defense budget.  Consolidation in the defense industry accelerated dramatically in its wake.

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