The Chief Justice of the Delaware Supreme Court, Myron T. Steele will be joining the Delaware-based law firm Potter Anderson Corroon LLP, the firm announced on Wednesday. He will be joining as a partner. Potter Anderson, founded in 1826, is the oldest law firm in Delaware. Steele will be leaving his post two years earlier before his tenure is set to expire.
The Executive Chairman of the firm, Donald J. Wolfe Jr. released a statement saying, “We are honored that Chief Justice Steele, who surely was presented with an array of attractive opportunities upon completion of his tenure, has chosen to become a part of our firm.”
Wolfe observed about Steele, that “During his sparkling 25-year judicial career, he has served on all three of Delaware’s constitutional courts, led what most would agree is the most respected state judiciary in the country, and served as Delaware’s judicial ambassador at large …”
In his career, Steele gathered the greatest experience possible in handling and presiding over corporate matters, as more than 60 percent of Fortune 500 companies are incorporated in the state. According to the office of the Secretary of State of Delaware, while the population of the state is about 900,000, even last year, almost one million businesses were legally incorporated in Delaware.
Steele and his colleagues at the Delaware Supreme Court also sit on the Chancery Court, which is possibly the most popular forum among big companies for litigating business disputes.
Speaking on the occasion of Steele joining the firm, Wolfe stated, “We are certain that his broad experience, his unique expertise and his sterling reputation will enhance our ability to serve our clients, both present and in the future.”
Besides his judicial career, Chief Justice Steele also served on active duty in the U.S. Army and retired as a Colonel in the Delaware Army National Guard. Prior to joining the judiciary he was a litigation partner at Prickett, Jones & Elliott. During his tenure, he has already presided over and published more than 400 legal opinions on the governance of Delaware corporations and alternative business entitites.