Former Delaware Supreme Court Chief Justice Leo Strine has joined Wachtell, Lipton, Rosen & Katz after presiding over the top U.S. business court for two decades, a high-profile appointment for a law firm that major U.S. companies often turn to for litigation, dealmaking and corporate governance advice.
Delaware is home to most publicly traded U.S. companies, making the business courts in the state the most influential in the United States. Strine retired from Delaware’s Supreme Court last fall, after spending the last five years on the bench as chief justice, making him a trophy hire for a corporate law firm.
His move to Wachtell comes at a time of upheaval in corporate America, as the economic fallout from the coronavirus outbreak forces many companies to reconsider key aspects of their strategy, from whether they should value shareholders more than employees to seeing agreed acquisitions through.
Strine has long argued for corporations to focus more on their workers. He said he will be advising clients to care about their employees and other constituencies as much as their shareholders, a principle that Wachtell founding partner Martin Lipton calls “stakeholder capitalism.” [Emphasis added]