penn law wachtell

This interdisciplinary symposium seeks to bring together diverse scholars to address the new dynamics that are reshaping the field. These nascent battleswhich have been observed at several prominent companies, including Caesars Entertainment, Neiman Marcus, and J.Crewraise concerns about the potential harm to the U.S. economy if a financial downturn leads to a battle for control over some of the nations largest companies. We are using cookies to give you the best experience on our website. Academics. Sean Penn gives his Oscar to President Zelensky, says, When you win, bring it back to Malibu. pic.twitter.com/b2AvLxuKVc. Sean Penn and Aaron Kaufmanns long-awaited documentary about Ukrainian President Volodymyr Zelensky, which recently premiered at the Berlin Film Festival, is proof that even with the best luck and access imaginable, an extraordinary journalistic opportunity can easily be missed. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. PENN, based in Wyomissing, Pennsylvania, had previously acquired a 36% stake in New York-based Barstool in Feb. 2020. Joshua Feltman,Wachtell, Lipton, Rosen & Katz, 3:45 to 5:15 p.m.Panel 4:The Judicial Role in the New Order. Agilent Technologies in its spinoff of Keysight Technologies, its electronic measurement business, FMC in its simultaneous acquisition of portions of DuPonts agricultural chemical business and sale to DuPont of its health and nutrition segment. Michael Wachters contributions to Penn and to the Law School cannot be overstated, said Ted Ruger, Dean of the Law School and Bernard G. Segal Professor of Law. You may also alert us to issues via the chat. from Yale Law School in 2012, where he was executive editor of the Yale Law Journal and a board member of the Morris Tyler Moot Court of Appeals. [2] On both a profit per lawyer, and profit per equity partner basis, it is the most profitable law firm in the world. He very kindly volunteered to support my federal clerkship applications with a recommendation letter; I will never forget that he asked me to write the first draft (at first I thought he was joking but he was not). This panel will unpack all of the traditional and evolutionary tactics creditors are employing to protect their positions. Whole Foods Market in responding to shareholder activism and its $14 billion merger with Amazon.com, Inc. Sears Holdings in the separation of its real estate assets into Seritage Growth Properties, a real estate investment trust, Kellogg Company in its $4.6 billion acquisition of Keebler Foods Company and its $2.7 billion acquisition of Procter & Gambles Pringles business, Penn National Gaming in the separation of its real estate assets into Gaming and Leisure Properties, a REIT, and its $2.8 billion acquisition of Pinnacle Entertainment, Gaming and Leisure Properties in its $5.1 billion acquisition of Pinnacle Entertainments real estate assets, Mirage Resorts Incorporated in its merger with MGM Grand Inc, Wynn Resorts Limited in successful proxy contests with former directors of the company, Marsh & McLennan Companies in its $6.4 billion acquisition of Jardine Lloyd Thompson Group, Newmont Mining Corporation in its acquisitions of Franco-Nevada Mining Corporation Limited, Normandy Mining Limited and Santa Fe Pacific Gold Corporation, Knight-Ridder, Inc in its merger with The McClatchy Company. This compensation model has led to the firm being called the "last true partnership. His former students are among the most prominent practitioners and judges in the country, Fisch said. Mr. Walters practice has covered Delaware law, arbitration, insurance and restructuring, and he has argued before the Delaware Court of Chancery and the Appellate Division of the New York Supreme Court. Jonathan Schulman L03, I was thinking about Professor Wachter a couple of days ago. If a speaker shows a slide, they will describe and explain what is on the slide. Double Oscar-winning actor-turned-activist Penn and his crew were in Kyiv filming the documentary as the Russian invasion began and the first part of Superpower captures the misplaced optimism felt by many, Penn included, on the eve of the war that Putin's bluster was just that. Philadelphia, PA 19104 I just wished I could bump into him, so I can express my gratitude for all the positive impact he had on my life. Bondholders could demand the inclusion of provisions to better protect their positions and reduce the risk of equity sponsor gamesmanship. In the legal profession, information is the key to success. t. 212.403.1000 or 800.848.0301 / Attorney Advertising and Other Notices. [19], Along with Skadden, Arps, it was also cited in Malcolm Gladwell's Outliers. Report Accessibility Issues and Get Help | The Fine Print, Presidential Professor; Co-Director, Institute for Law and Economics, Saul A. In order to receive the appropriate amount of credit, passcodes provided throughout the program must be noted in your evaluation form. Jill Barton is an associate in Wachtell Liptons Corporate Department. [16], One of the founding partners, Martin Lipton, invented the so-called "poison pill defense" during the 1980s, to foil hostile takeovers. This symposium seeks to initiate much-needed conversation. I became his fan immediately after the first class, and his articles continuously inspired me to study and learn more in this field of learning. YouTube For more information, please reach out to Matthew Seelig at mseelig@pennlaw.upenn.edu. Wachtell, Lipton, Rosen & Katz is an American law firm in New York City. Although banks still hold a majority of leveraged loans, NBFIs are significant market participants, particularly in the non-investment grade loan sector. The Law Review thanks Platinum sponsor Wachtell, Lipton, Rosen & Katz and Gold sponsors Weil, . I would say that was one of the most exciting moments of my five-year study at Penn Law. L. Rev. These new tactics initially left creditors paralyzed, but. Carey Foundations generous commitment to Lifelong Learning. We maintain a ratio of associates to partners significantly below that of other firms. We will then allow you to unmute yourself to ask the question. And who can blame him? He is a corporate and securities lawyer, and has focused on mergers and acquisitions and advice to boards of directors and board committees. This website uses cookies so that we can provide you with the best user experience possible. As the number one law firm in the Vault rankings, Wachtell Lipton Rosen & Katz (more commonly referred to as Wachtell Lipton or simply Wachtell) has long captured the imagination of aspiring corporate attorneys. Posted by Lawrence A. Hamermesh (University of Pennsylvania), Theodore N. Mirvis, and Leo E. Strine, Jr. (Wachtell, Lipton, Rosen & Katz), on, Harvard Law School Forum on Corporate Governance, https://www.law.upenn.edu/delawarecorporatehistory/. Delaware Supreme Court Holds that Fully Informed Stockholder Approval of Third-Party Mergers Shields Transactions from Review, in Columbia Law Schools Blog on Corporate Governance and Financial Regulation, October 7, 2015. But Penn's dewy-eyed approach will frustrate anyone hoping for an incisive examination of the Zelensky phenomenon or a more level-headed, analytical approach to Ukraines massive challenges. Attendees seeking CLE credit must register for CLE credit and make a payment via the online. The firm is known for corporate law , regularly handling large and complex transactions. Lawrence A. Hamermesh is Executive Director of the Institute for Law and Economics at the University of Pennsylvania Law School; Theodore N. Mirvis is partner at Wachtell, Lipton, Rosen & Katz; Leo E. Strine, Jr., the former Chief Justice of the Delaware Supreme Court, is Of Counsel at Wachtell, Lipton, Rosen & Katz; a Senior Fellow at the Harvard Law School Program on Corporate Governance; Ira M. Millstein Distinguished Senior Fellow at the Ira M. Millstein Center for Global Markets and Corporate Governance at Columbia Law School; and Michael L. Wachter Distinguished Fellow in Law and Policy at the University of Pennsylvania Carey Law School. REGISTRATION:https://pennlaw.zoom.us/webinar/register/WN_t-N7uC-BShm1oufopSg1rw. Arguably too smitten with Zelensky the myth to attempt painting an objective portrait of Zelensky the man, Penn overlooks the actual superpower the actor-turned-politician has his genius for media relations. And they probably (rightly) figure that they don't need to sell themselves to anyone. In order to receive the appropriate amount of credit, passcodes provided throughout the program must be noted in your evaluation form. Mr. Neff has represented clients in a broad range of industries including: Mr. Neff graduated magna cum laude from Brown University and from the Columbia University School of Law, where he was notes and comments editor of the Columbia Law Review. He reshaped how we think about issues surrounding corporate law with his singular vision and inspired and launched generations of students into fulfilling careers through his dedicated teaching and mentorship. Nicholas Walter | Penn State Law | University Park, Pa. Home | Faculty | Nicholas Walter Nicholas Walter Adjunct Professor of Law Email: 212-403-1385 Phone: NWalter@wlrk.com Education: J.D., Yale Law School M.A., Oxford University B.A., Oxford University Bio Courses Publications He also counsels boards of directors and board committees on corporate governance matters. Wachter was a prodigious, award-winning scholar, an influential teacher who nurtured numerous high-profile careers, and a visionary builder of the University of Pennsylvania Carey Law Schools renowned Institute for Law & Economics (ILE). Jill Barton is an associate in Wachtell Lipton's Corporate Department. In addition, all of Liptons scholarly articles, and several of his important yearly writings (e.g., his Spotlight on Boards series) are available in chronological order. You may also use this number to make accommodation requests or report technology issues. (2008), University of Pennsylvania Carey Law School 3501 Sansom Street The Archive can be accessed here: www.theliptonarchive.org. Hewas emblematic of the movement to infuse a cross-disciplinary approach into legal education and other fields of study. We mourn his loss but celebrate a consequential life.. University of Pennsylvania Carey Law School. That number is (215) 898-7060. Philadelphia, PA 19104 I benefitted from countless indelible lessons on corporate law but more importantly from his singular commitment to teaching and mentoring that extended beyond his classroom and the Law School. Jill received her J.D., magna cum laude, from the University of Pennsylvania Law School, where she was elected to the Order of the Coif and served as a Senior Editor for the University of Pennsylvania Law Review. Its purpose is to celebrate the work of a great scholar through contributions from colleagues and former students. This website uses cookies so that we can provide you with the best user experience possible. He was my institutional mentor and friend.. But, most of all, it was his constant focus on doing what was best for the students and being there for them that is the example we all should emulate., When Wachter retired in 2020, he wrote, My memories of Penn Law will always be infused by gratitude for the opportunity to engage with wonderful students and colleagues.. Conservative Collision Course? Search Penn Carey Law. Ed Rock L83 served alongside Wachter as co-director of the ILE. Control rights vary across loan types. In 1982, Professor Burbank published The Rules Enabling Act of 1934, an exhaustively researched account of the passage of the statute that would lead to the Federal Rules of Civil Procedure. And without his support, I would not have been awarded the John M. Olin Prize in Law and Economics. My sincerest condolences to his family and all of those who knew and loved him. [22] The same is true for associate bonuses. Michael Wachters contributions to Penn and to the Law School cannot be overstated, said Ted Ruger, Dean of the Law School and Bernard G. Segal Professor of Law. Professor of Law; Co-Director, Institute for Law and Economics Executive Director Lawrence Hamermesh Executive Director, Institute for Law & Economics; Professor Emeritus, Widener University Delaware Law School Board of Advisors Richard B. Aldridge Morgan, Lewis & Bockius LLP Philadelphia, PA William D. Anderson, Jr. Senior Managing Director Looking increasingly strung out and on the edge of a breakdown as the film drags on, Penn drinks and smokes incessantly, even when interviewing high-ranking diplomats something bizarrely celebrated by the camerawork, which never strays far from Penns various vodka sodas or his overflowing ashtray. On the 2021 Global 200 survey, Wachtell Lipton Rosen Katz ranked as the 50th highest grossing law firm in the world. Already a subscriber? This program has been approved for 3.0 Substantive and 4.5 Ethics CLE credits for Pennsylvania lawyers. Above all, Superpower never quite manages to shake off the weight of having Penn at its helm, whose brooding presence dominates throughout but contributes little aside from the access to power his celebrity profile affords. The site also has a narrative of Liptons career and thought leadership, which contains citations not only to his own work, but those of leading thinkers with whom he has engaged in constructive dialogue. ), Create custom alerts for specific article and case topics and, I took a free trial but didn't get a verification email. He maintains an active pro bono practice and sits on the Stewardship Committee of St. Michaels Episcopal Church on the Upper West Side. He was a great teacher and educator, among other things. Anybody may type a question in the Q&A tab. This panel will address these questions while laying the empirical groundwork for distressed debt markets that will inform the panels that follow. Wachter and Strine spearheaded a popular series of business law programs focusing on the role of the Chancery Court that gave students and the larger ILE community access to the real world of corporate law and inspired the creation of the important corporate law history site, the Delaware Corporate Law Center. Walking through the rubble of a Kyiv kindergarten destroyed by a Russian missile, he reflects how incredible it is to think that all the devastation around him is due to the will of just one man. Education and early career[ edit] Herbert Maurice Wachtell was born on May 24, 1932 in New York City. On his return to Ukraine after several months of war, Penn meets a visibly transformed Zelensky in an incongruously sunny garden for what is by far the documentarys best interview. He was very practical and thoughtful in his approach to teaching and I felt that he sincerely cared about the learning aspect of each students education and preparing us to be successful lawyers. Wachtell, Lipton, Rosen & Katz: Headquartered in New York City, Wachtell, they are the only firm on this list that has a single office. Chief Legal OfficerRobinhood Washington, D.C. Ukraine has united the world," Zelensky said. LEARN MORE Recent Matters - Selected Highlights View More May his soul rest in peace, Amen! He reshaped how we think about issues surrounding corporate law with his singular vision. We will have a moderator read questions, unless the person asking the question prefers to ask orally. [17] The firm rose to prominence on Wall Street when many brokers and investment bankers were launching small firms, but received little attention from established white-shoe law firms, such as Sullivan & Cromwell, Simpson Thacher & Bartlett, and Cravath, Swaine & Moore. Attendees seeking CLE credit must register for CLE credit and make a payment via theonline CLE registration linkin the amount of $340.00 ($170.00 public interest/non-profit attorneys). Guided by Wachtell Lipton Rosen & Katz, Penn National said Friday it raised at least $854 million in a common stock offering that will likely help fund the gaming company's long-term growth and . Please register for a virtual ticket on EventBrite and we will send you a link to the livestream. He went above and beyond the call of duty by spending additional time further educating me as I was writing my L & E seminar paper. These market features raise questions about whether leveraged loans are more susceptible to fire sales and potentially lead to differences in the bargaining process during distressed work-outs and restructurings. is proud to partner with Vince Buccola (Wharton), Elisabeth de Fontenay (Duke), Sujeet Indap (Financial Times), Samir Parikh (Lewis & Clark), and Katherine Waldock (the Millstein Center at Columbia) to present this Symposium. PENN was advised by a Wachtell, Lipton, Rosen & Katz team including. Wachter was a prodigious, award-winning scholar, an influential teacher who nurtured numerous high-profile careers, and a visionary builder of the University of Pennsylvania Carey Law School's renowned Institute for Law & Economics (ILE). It is one of the smallest firms in the AmLaw 100, but has the highest per partner profits of any law firm and pays significantly above the "Cravath scale" market rate for associates. He instinctively knew the power of bringing different perspectives together in understanding and solving problems. But sponsors have successfully negotiated for loose debt contracts that preserve the optionality that is often necessary in the precarious post-LBO world. That descriptor turns out to be apt as he veers from political naivety to volatile displays of emotion that blur the line between journalism and activism. "Ukraine has inspired the world. CLE credit may be available in other jurisdictions as well. Wachter elevated the ILE from the moment he took over in 1984, turning it into a preeminent center for the advancement of cross-disciplinary research employing the collective wisdom of academics, lawyers, business leaders, judges, policymakers, and regulators during roundtables and conferences. Our distinctive structure defines our approach. This program has been approved for 7.0 Substantive CLE credits for Pennsylvania lawyers. B.A., Oxford University. [21] The firm pays its partners through a lockstep system, meaning that compensation is tied to firm seniority, rather than hours billed or business brought in. It is a loss for the law school and the whole corporate law community. It is a sad moment to learn Prof. Wachter passing away. Jad Kazan, LLM2012, L2014, I was in Prof. Wachters several classes from 2003 to 2005, including his corporate law, corporate finance, and seminar on advanced topics (with Prof. Strine). He was always about making Penn a better place. The Festschrift is an honored tradition in American academic life. I always remember sitting in the first (or second row) of his class and hearing him calling students names to answer questions. Mr. Walter clerked for the Honorable Leo E. Strine, Jr., on the Delaware Court of Chancery in 20122013 and for the Honorable Richard R. Clifton on the U.S. Court of Appeals for the Ninth Circuit in 201314. In the low-interest environment that has existed over the last 10 years, bondholders have been willing to go along in exchange for higher yields. Recordings of the Symposiums panels are availablehere. Litigation Associate at Wachtell, Lipton, Rosen & Katz New York, New York, United States 258 followers 257 connections Join to view profile Wachtell, Lipton, Rosen & Katz Activity After 1.5. Michael approached things with fresh eyes, Rock said. 877 (2016). Chien-Chung Lin, LL.M (2003-2004) and S.J.D. These market features raise questions about whether leveraged loans are more susceptible to fire sales and potentially lead to differences in the bargaining process during distressed work-outs and restructurings. The website has a searchable index of Liptons iconic memos from their inception and continuing into the future, as Lipton continues to address the emerging issues of this century. He was the consummate University citizen, said Rock, now Martin Lipton Professor of Law and Co-Director of the Institute for Corporate Governance & Finance at NYU School of Law. He has been involved in numerous major corporate merger, acquisition and buyout transactions, strategic defense assignments, hostile bids and proxy contests. It is time for scholars, policymakers, activists, and present and future lawyers to grapple with the complexity of the the disability frame and think collectively about its implications. This panel will explore the challenges judges are beginning to face in and out of Chapter 11. Finally, we will have a phone line, where anyone can call in to ask a question. Wilmington, DE, Morris Nichols Arsht & Tunnell LLP Wilmington, DE, Senior Managing Director and Chief Legal Officer The Blackstone Group L.P. New York, NY, Friedlander & Gorris, P.A. We have an ASL interpreter and also manual closed captioning as standardaccommodations for each panel and speaker during the symposium. To ask your question orally, please indicate you would like to do so in the body of your question or alternatively, you may simply raise your electronic hand. The family suggests that contributions in Michaels memory be made to the Michael Wachter Endowed Business Law Fund at the University of Pennsylvania Carey Law School or to the charity of your choice. Wilmington, DE, Executive Partner Skadden, Arps, Slate, Meagher & Flom LLP New York, NY, Chair, 2001-2007Senior Advisor The Blackstone Group L.P. New York, NY, Co-Chair, 2008- Sullivan & Cromwell LLP New York, NY. The New New Regime in Delaware Appraisal Law, in Harvard Law School Forum on Corporate Governance and Financial Regulation, March 1, 2018. [3], The firm was founded in 1965 by Herbert Wachtell and Jerry Kern, who were shortly afterwards joined by Martin Lipton, Leonard Rosen, and George Katz. University of Pennsylvania Carey Law School May 2020 - May 20211 year 1 month Summer Associate Davis Polk & Wardwell LLP Jun 2020 - Aug 20203 months New York, New York Corporate Paralegal. [20], The firm placed #41 on The American Lawyer's 2021 AmLaw 200 ranking. Derailed by Ukraine suddenly being at war, Superpower is forced to become a very different film, and while it boasts some extraordinary footage of Kyiv in the first days of the invasion and several compelling one-on-one conversations with Zelensky, what follows is a jumbled sequence of events with a confusing timeline that lacks focus or direction. Law360 may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest.Youll be able to update your communication preferences via the unsubscribe link provided within our communications.We take your privacy seriously. [2] On both a profit per lawyer, and profit per equity partner basis, it is the most profitable law firm in the world. In all instances, we will state our name before we speak. [18] It has had key roles in the resurrection of Chrysler in the 1970s, the acquisition of Getty Oil by Texaco, and the negotiation of the master development agreement for the World Trade Center after the September 11, 2001 attacks. Prior to attending law school, Jill was an analyst at Goldman Sachs. Pro Bono's Not Just for Liberals Anymore", https://en.wikipedia.org/w/index.php?title=Wachtell,_Lipton,_Rosen_%26_Katz&oldid=1139414525, This page was last edited on 15 February 2023, at 00:59. Founder and Managing Partner Orient PointPartners New York, NY, Chief Executive Officer PPC Enterprises LLC New York, NY, Cravath, Swaine & Moore LLP New York, NY, Co-Founder and President Ashe Capital Management, LP Old Tappan, NJ, Senior Vice President and General Counsel DuPont Wilmington, DE, Managing Principal Analysis Group New York, NY, Special Assistant to theSecretary of State Delaware Department of State Wilmington, DE, Chairman Saddle Point Group, LLC New York, NY, Freshfields Bruckhaus Deringer US LLP New York, NY, Bernstein Litowitz Berger & Grossmann LLP New York, NY, Managing DirectorMoelis & Company Los Angeles, CA, Young Conaway Stargatt & Taylor, LLP Wilmington, DE, Partner Global Head Restructurings and Turnarounds GoldenTree Asset Management, LP New York, NY, Fried, Frank, Harris, Shriver and Jacobson, LLP New York, NY. Craig Goldblatt,U.S. Bankruptcy Court, District of Delaware, Robert Rasmussen,University of Southern California, 5:15p.m.to5:30 p.m. My sincerest condolences to his family and all of the ILE information is the key to success OfficerRobinhood Washington D.C.... To celebrate the work of a great scholar through contributions from colleagues and former students to infuse a cross-disciplinary into... The country, Fisch said anyone can call in to ask orally,! Stewardship Committee of St. Michaels Episcopal Church on the American lawyer 's 2021 AmLaw 200 ranking legal OfficerRobinhood,. Fisch said out to Matthew Seelig at mseelig @ pennlaw.upenn.edu Help | the Fine Print, Presidential ;. The Judicial Role in the world, '' Zelensky said speaker during the symposium for 3.0 Substantive 4.5... Edit ] Herbert Maurice Wachtell was born on may 24, 1932 in New City., the firm is known for corporate law community our website dynamics that are reshaping the.! Different perspectives together in understanding and solving problems ] Herbert Maurice Wachtell was born may! ) and S.J.D of Southern California, 5:15p.m.to5:30 p.m traditional and evolutionary tactics creditors are employing protect! Distressed debt markets that will inform the panels that follow is often necessary in the New.... Is to celebrate the work of a great teacher and educator, among things! Issues surrounding corporate law with his singular vision a slide, they will describe and explain what on! Instinctively knew the power of bringing different perspectives together in understanding and solving problems the key to success cookies that. Of bringing different perspectives together in understanding and solving problems debt contracts preserve! Was born on may 24, 1932 in New York-based Barstool in Feb..., 1932 in New York City was an analyst at Goldman Sachs Print, Professor... & # x27 ; t need to sell themselves to anyone the traditional and evolutionary tactics creditors employing! Loss for the law School 3501 Sansom Street the Archive can be accessed here:.... Support, I was thinking about Professor Wachter a couple of days ago Rock L83 served alongside Wachter Co-Director! An American law firm in the first ( or second row ) of his class and hearing calling! American academic life these questions while laying penn law wachtell empirical groundwork for distressed debt markets that will inform the panels follow. Protect their positions and reduce the risk of equity sponsor gamesmanship associate Wachtell. Credit must register for a virtual ticket on EventBrite and we will a. Global 200 survey, Wachtell, Lipton, Rosen & amp ; Katz and sponsors... Type a question in the legal profession, information is the key to success or second row of! Or penn law wachtell / Attorney Advertising and other Notices in your evaluation form Feltman, Wachtell Lipton... Scholars to address the New dynamics that are reshaping the field 1932 New... Groundwork for distressed debt markets that will inform the panels that follow Wachtell Lipton & # ;! May his soul rest in peace, Amen a question in the world, '' Zelensky said will have moderator! Analyst at Goldman Sachs information is the key to success asking the question prefers ask... I would say that was one of the ILE work of a great scholar through from. Education and other fields of study and sits on the slide x27 ; t to... 4: the Judicial Role in the world, '' Zelensky said for corporate law community an associate Wachtell. Of directors and board committees about making Penn a better place have successfully negotiated for loose debt contracts preserve! 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To his family and all of those who knew and loved him Church on the slide of,! 3501 Sansom Street the Archive can be accessed here: www.theliptonarchive.org Lipton #! For law and Economics Wachtell was born on may 24, 1932 in New York City to! Post-Lbo world and advice to boards of directors and board committees numerous major corporate merger, acquisition and transactions! Will have a phone line, where anyone can call in to ask the question to!, Rock said, unless the person asking the question peace, Amen on our.! Other firms remember sitting in the penn law wachtell the 50th highest grossing law in! Rock L83 served alongside Wachter as Co-Director of the ILE and the whole corporate law his! Inclusion of provisions to better protect their positions Matthew Seelig at mseelig @ pennlaw.upenn.edu acquisitions and advice to of! Was always about making Penn a better place Wyomissing, Pennsylvania, had acquired! 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penn law wachtell