Your Delaware Advantage
Potter Anderson & Corroon LLP is the firm of choice for clients— ranging from Fortune 500 companies to some of the largest national law firms to individuals. It is the oldest Delaware law firm and one of the ten oldest continuously-practicing law firms in the United States. Since its small beginnings in 1826, Potter Anderson & Corroon has become one of the largest and most recognized Delaware law firms, providing a full range of legal services to its local, national and international clients.
Hundreds of thousands of corporations, limited liability companies, partnerships and trusts have their legal home in Delaware, including more than 50 percent of all U.S. publicly-traded companies and 63 percent of the Fortune 500 companies. Organizations choose to incorporate in Delaware in large part because of the state’s courts and its business statutes.
The Court of Chancery is one of the most respected and broadly influential tribunals in the world regarding matters of internal corporate governance. The extensive body of Delaware corporate jurisprudence is an enormous practical advantage for entities incorporated here, affording a measure of predictability to Delaware corporations that enables both corporate boards and business managers to accurately assess the legal consequences of their actions. The U.S. District Court for the District of Delaware and the U.S. Bankruptcy Court are often the venue of choice in suits involving intellectual property and bankruptcy.
The Delaware General Corporation Law provides both the flexibility and the predictability necessary to manage a modern-day corporation. The DGCL is reviewed and “fine tuned” on an annual basis and, as a result, the statute is generally acknowledged to be the most advanced and flexible business statute in the country.