de Fontenay research spotlights firms' value in pricing intangibles in corporate transactions
A new paper by Professor Elisabeth de Fontenay analyzes corporate transactions and finds that the value of major transactional firms is clearest in the second stage of negotiations, when the sides set nonprice-related terms. “While other market participants such as investment banks also acquire market information about transaction terms, law firms should have the most complete information about nonprice terms, due to their role in all stages of negotiations and their control of the transaction documents,” she writes in Market Information and the Elite Law Firm.
de Fontenay's primary research interests are in the fields of corporate law, corporate finance, and financial institutions. She joined the Duke Law faculty in 2013 after serving as a Climenko Fellow and Lecturer on Law at Harvard Law School. At Duke Law, she teaches Business Associations, Corporate Finance, and Private Equity & Hedge Funds, and received the law school’s Distinguished Teaching Award in 2014.