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Former Delaware Supreme Court Chief Justice Leo E. Strine, Jr. L’88 appointed as Michael L. Wachter Distinguished Fellow in Law and Policy at the University of Pennsylvania Carey Law School

July 08, 2020

The University of Pennsylvania Carey Law School announces that Former Delaware Supreme Court Chief Justice Leo E. Strine, Jr. L’88 will continue his relationship with the Law School going forward, as the Michael L. Wachter Distinguished Fellow in Law and Policy.


Former Delaware Supreme Court Chief Justice Leo E. Strine brings his 21 years of service on the Delaware bench to the Law School. A longtime successful adjunct professor and participant in the Law School’s intellectual life around corporate governance and other topics, Strine will bring his unique expertise and experience in this new role to the discussion around the more crucial issues facing business and financial law and policy, and will work with Law School colleagues to develop new and innovative programming, both in-person and online.


In conjunction with deepening his relationship with the University of Pennsylvania Carey Law School, Strine will hold a joint affiliation with the Ira M. Millstein Center for Global Markets and Corporate Ownership at Columbia Law School, where he has been named the Ira M. Millstein Distinguished Senior Fellow. He is also Counsel at the New York law firm of Wachtell, Lipton, Rosen, and Katz.


“As a Penn alum, it’s been a highlight of my professional life to teach for a generation at an institution that cares so much about its students and about the impact that first-rate scholarship can have in improving our society,” said Strine. “In particular, I’ve enjoyed helping the Institute for Law and Economics do so much to bring students, scholars, and professionals from the real world of business together to learn from each other and to surface ideas about how we can improve our economy and corporate governance system. I look forward to working closely with colleagues and friends at Penn Law to make an outstanding law school even stronger.”


Strine added that “It’s especially meaningful for me to hold a position named for Professor Michael Wachter, with whom I was honored to teach for many years. Michael’s contributions to scholarship, Penn’s students, and Penn as an institution were immense.”


“We have been so fortunate to have a close affiliation with Leo Strine during his many years on the Delaware bench, and many hundreds of students have been the beneficiaries of his unmatched expertise and clarity on issues of corporate governance,” said Ted Ruger, Dean of the University of Pennsylvania Carey Law School. “He is an important and widely-read scholar and speaker in the field, and in his post-judicial career, he will continue to be an impactful voice on the most important economic policy issues. I am extremely pleased that we are deepening our relationship with him and that we are able to honor the long career of Michael Wachter in the naming of Leo Strine’s new role.”


“Chief Justice Strine has been an integral part of business law at Penn for years,” says Jill Fisch the Saul A. Fox Distinguished Professor of Business Law and Co-Director for the Institute for Law and Economics (ILE), of which Strine is on the Board of Advisors. “He is a valued teacher, he has been deeply involved in the Institute for Law & Economics, and he has helped foster valuable relationships between Penn Law and the Delaware lawyers and judges. We are very lucky that he has agreed to continue his involvement in the Law School.”


Prior to his tenure as chief justice of the Delaware Supreme Court, Strine served as chancellor of the Delaware Court of Chancery since 2011 and as a vice chancellor since 1998. Strine has shaped the legal landscape and is widely considered to be one of the most influential judges in the history of American corporate law. Strine has authored numerous landmark opinions that have helped to shape many key facets of modern business law in areas including corporate governance, fiduciary duties and mergers, and acquisitions. He has also written more than two dozen law review articles. He has lectured on three continents, and taught at four law schools, including Harvard and Penn, where he has established a close association with his alma mater and the Institute for Law and Economics.


For the past two spring semesters, Strine taught Great Cases in Modern Delaware Corporate Law with Larry Hamermesh, the Executive Director of ILE.


Hamermesh noted, “Having co-taught with former Chief Justice Strine, having read and taught many of the opinions he authored as Vice Chancellor, Chancellor, and Chief Justice, having read (and occasionally co-authored) his many scholarly articles, and having had the honor of discussing and debating with him cutting edge issues of corporate governance policy, I can say with great confidence that Chief Justice Strine’s new title — Michael L. Wachter Distinguished Fellow in Law and Policy — is perfectly suited to him: he is one of the most widely respected voices in the field, and from his days as Counsel to Delaware’s Governor to the present, he has been thoroughly absorbed in matters of public policy. Penn Law is fortunate that his association with the law school and its Institute for Law and Economics will continue as he transitions to a new role in the public spotlight.”


As a renowned legal scholar, Strine is one of the most cited authors on HeinOnline, and his scores of articles on business and public law topics have appeared frequently in prominent journals and university law reviews, including Columbia Law Review, as well as Harvard Law Review, Stanford Law Review, and University of Pennsylvania Law Review. On several occasions, Strine’s articles have been selected as among the Best Corporate and Securities Articles of the year, based on academic teachers’ choices. Strine also holds longstanding teaching positions at Harvard and University of Pennsylvania Carey Law Schools, where he teaches a diverse array of corporate law courses.


Prior to joining the Court of Chancery, Strine was Counsel to Governor Thomas R. Carper of the State of Delaware and a corporate litigator at Skadden, Arps, Slate, Meagher & Flom. Strine graduated magna cum laude from the Law School at the University of Pennsylvania in 1988, where he was selected as a member of the Order of the Coif. He received his bachelor’s degree summa cum laude from the University of Delaware in 1985 and was selected as a member of Phi Beta Kappa.