10-Q Summer/New Job Advice – Summer 2022 Update [PART 1]

For the last several years, at the end of the school year, the editors of The 10-Q have offered a variety of tips for those starting new jobs (here and here), chiefly for rising 3Ls taking summer jobs but, we believe, good for anyone embarking on a new career as a lawyer. Times have changed—we’ve lived with COVID for over two years—but the need for sage advice has not. Thus, we present an updated version of our random advice for those who are about to be employed, in two parts. This week, we talk about the work; next week, we will talk about socializing.

Delaware Set to Expand Exculpation to Certain Officers of Corporations

The Delaware General Assembly is set to consider amendments to the General Corporation Law of the State of Delaware (DGCL), already approved by the Corporation Law Section of the Delaware State Bar Association, to, among other things, allow Delaware corporations to adopt exculpation clauses limiting or eliminating the monetary liability of certain officers. The proposed amendment to Section 102(b)(7) of the DGCL addresses a growing concern over officer liability, albeit by providing narrower exculpation than is available to directors.

10-Q&A Episode 14: Lessons from the first year in practice

First-year attorneys and 10-Q alumni share what it’s like transitioning into practice as corporate attorney, judicial law clerk, and bankruptcy and restructuring associate. Interviewer: Nate Trager (LAW ’22; MBA ’22) Guests: Andrew LeDonne (LAW ’21), Associate at Morgan, Lewis & Bockius LLP; Jonathan Shahar (LAW’21), Judicial Law Clerk, First Judicial District of Pennsylvania; and Michael