Norman M. Powell Takes Leadership Role in Business Law Section
In a notable advancement within the sphere of business law, Norman M. Powell from Young Conaway Stargatt & Taylor, LLP has been elected as the Chair-Elect of the American Bar Association's (ABA) Business Law Section. This esteemed position enables him to lead a prominent group of over 30,000 professionals committed to improving and advancing business legal practices.
Vision for the Future
Norman shared his excitement and gratitude regarding his new role, stating, "I am honored to assume this role within the ABA." He looks forward to working alongside fellow leaders to sustain the section's fundamental principles, which focus on providing educational resources, ensuring ethical representation, and enhancing business law. His vision includes reimagining the future of the section, especially in finding the right balance between virtual and in-person meetings to better serve the membership.
Experience and Expertise
With over 30 years of experience, Mr. Powell has a deep understanding of corporate law, possessing a unique ability to navigate the complexities of Delaware corporate and alternative entity law. His practice emphasizes alternative entities, such as limited liability companies and trusts, which play a vital role in contemporary business transactions.
Transactional Focus
Mr. Powell's skills encompass large financing transactions where Delaware corporations operate under laws similar to those in New York. While leading counsel oversees deal documents, he manages the Delaware-related components, providing thorough legal opinions that fulfill the requirements of lenders and rating organizations.
Academic Contributions
Outside of his law practice, Mr. Powell has served as a Senior Fellow at the University of Pennsylvania Carey Law School and the Executive Director of the Institute for Law & Economics, reflecting his commitment to educating the next generation of legal professionals. His academic influence also includes teaching secured transactions as an adjunct professor at Temple University.
Past Service and Recognitions
Throughout his career, Mr. Powell has held several positions within the ABA, including as Content Officer and a member of the governing Council. His leadership has earned him recognition, including his election as a member of the American Law Institute and as a Fellow of the American College of Commercial Finance Lawyers. Additionally, he has been involved in drafting committees and task forces, contributing to the enhancement of commercial law.
Education and Public Engagement
Mr. Powell earned his bachelor's degree from Georgetown University and a combined JD/MBA from Villanova University. His dedication to the legal community is further demonstrated through his presentations to various bar associations and contributions to law journals.
About Young Conaway Stargatt & Taylor, LLP
Young Conaway Stargatt & Taylor, LLP stands out as one of Delaware's largest law firms, specializing in complex business transactions. They cater to national and international clients across diverse sectors, addressing issues ranging from employment to real estate and more. The firm is well-regarded for its deep legal knowledge and commitment to nurturing regional businesses.
Frequently Asked Questions
1. Who is Norman M. Powell?
Norman M. Powell is a partner at Young Conaway Stargatt & Taylor, LLP, who has recently been elected as the Chair-Elect of the ABA's Business Law Section.
2. What are the core values of the Business Law Section?
The core values include serving members, ensuring ethical representation, and developing business law through educational resources.
3. How long will Norman M. Powell serve as Chair-Elect?
He will serve a one-year term as Chair-Elect before transitioning to a one-year term as Chair.
4. What is Mr. Powell's legal expertise?
He specializes in Delaware corporate law, alternative entities, and large financing transactions, managing both legal opinions and transaction negotiations.
5. Where did Mr. Powell receive his education?
He holds a bachelor's degree from Georgetown University and a JD/MBA from Villanova University.
