About Potter Anderson & Corroon LLP
One of the oldest firms in the country, Delaware firm Potter Anderson has been involved in historic and influential cases since its inception. Operating from only one office, it continues to serve corporate heavyweight clients locally, nationally and internationally and Fortune 500 companies. Its clients are in industries from retail (Wal-Mart, BJ’s Wholesale Club) to media (Walt Disney), technology (AT&T, Hewlett-Packard, Google, Intel), energy (General Electric, Exxon) and banking and finance (Morgan Stanley, Wells Fargo, Citibank, Chase, Bank of America, Goldman Sachs).
Not So Humble Beginnings
Founded in 1826, Potter Anderson is well past its hundredth anniversary and closer to its two-hundredth. Delaware bar member and recent law school grad Andrew C. Gray began the firm in the city of New Castle. Gray, who also became the president of the Farmers Bank of State of Delaware and part of the Chesapeake and Delaware Canal Company was joined in 1863 by his son George Gray. Father and son moved the firm, which in its early days specialized in corporate and litigation, to Wilmington in 1881, and twenty years later, in 1901, the addition of Herbert H. Ward created the firm Ward & Gray. The firm underwent three more name changes to reflect changes in its ownership, morphing from Southerland Berl & Potter Berl to Berl Potter & Anderson to its current incarnation Potter Anderson & Corroon, the name it has held since 1967.
From its beginnings, Potter Anderson had a habit of grooming talented and prominent Delaware public officials. Starting with founder Andrew C. and son George Gray, who were two of three Delaware Attorney Generals, the third being Clarence Southerland, who was also the first Chief Justice of Delaware. The junior Gray, George, served two full terms in the U.S. Senate, was a member of the U.S. Court of Appeals Third Circuit, and retired in 1914 only to be appointed a judge for the then newly-created Court of International Justice in The Hague, Netherlands.
Chambers USA ranks Potter Anderson a leading firm in six practice areas: Corporate Litigation & Counseling, Bankruptcy & Restructuring, Business & Commercial Law, Intellectual Property Litigation & Counseling, Structured Finance & Alternative Entities and Commercial Litigation. Benchmark Litigation 2011 names Potter Anderson a “highly recommended” Delaware litigation firm for reasons elaborated on by Corporate Counsel 2010, which names it a“Go-To Law Firm” for IP law for Amazon, Apple, Intel, IBM and Fortune Brands and IP and Labor and Employment for DuPont.
Leave it Up to Chancery
Potter Anderson is a regular at the Delaware Court of Chancery, a well-known arena of influential corporate law cases of national significance. Every few decades, Potter Anderson takes it one step further to the Supreme Court and cements its place as a corporate law-shaping firm with landmark cases like Guth v. Loft, Inc. in 1939, which concerned the duty of loyalty, Revlon Inc. v. MacAndrews & Forbes Holdings, Inc. in1986, which dealt with hostile takeovers, and In re Walt Disney Co. Derivative Litigation in 2005, which concerned business judgments.
Defenders Now and Then – Brown v. Board of Education
Potter Anderson has a deep connection to the history book-making 1954 Supreme Court case Brown v. Board of Education, which dealt a decisive blow to public school segregation. AssociateCollins J. Seitz, who had joined the firm only 8 years earlier, wrote the only Supreme Court-approved decision in the case. More than half a century later, Potter Anderson found itself battling again in 2012, this time pro bono for the preservation of the Hockessin School 107C, which played such an integral role in the case and is now struggling with debt.
1313 N. Market Street
Wilmington, DE 19801
Phone: (302) 984-6000
Chairman: Michael B. Tumas
1st year: $145,000
Summer associate: $2,800/week
Alternative Dispute Resolution
Alternative Entities Counseling & Governance
Alternative Entities Litigation
Banking & Finance
Bankruptcy & Reorganization
Business & Commercial Litigation
Corporate Counseling & Governance
Employee Benefits & Executive Compensation
Employment & Labor Counseling
Insurance Recovery Litigation & Advice
Intellectual Property Litigation
Intellectual Property Patent Procurement & Trademarks
Internet & Technology
Mergers, Acquisitions & Divestitures
Products Liability & Personal Injury
Public Utility Regulation & Litigation
Real Estate & Land Use
Taxation, Trusts & Estates