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1963 News for Corp. Counsel 1 (1963)

handle is hein.barjournals/nwsccptc1963 and id is 1 raw text is: No. 1, March, 1963 THE BAPTISM! This newsletter is the creation of the Committee on Corporate Law Departments of the ABA Section of Corporation, Banking and Business Law. Its objective is the timely dissemination of news and information deemed to be of particular interest to members of cor- porate law departments, including items concerning court decisions, administrative rulings and decisions, and contents of law reviews and other publications. Vigorous efforts will be made to avoid duplication of other widely distributed publications which report or comment on such items. Also included from time to time will be news of the organization or activities of state and local Committees or Sections on Corporate Law Departments. All concerned with the publication of News for Corporate Counsel trust that their efforts and eager- ness to be of real service will be received with genuine interest and professional curiosity. Despite the many other existing publications it is confidently believed that there presently is a need which this newsletter can help satisfy. Obviously, the content necessarily must be a bit different from that which would appeal more ex- clusively to a state or local group. It is expected, how- ever, that most of the content generally will be of inter- est to most corporate lawyers wherever they are located. Normally publication will occur quarterly in months in which the Section's THE BUSINESS LAWYER is not published. It regularly will be a four-page news- letter, but may also include a one or two page insert. Should immediate publication of particular news ap- pear advisable there may be additional issues. This newborn progeny has now been baptized- on with the efforts to make it grow and be a responsible and respected citizen in the publications community. MAILING LIST Our mailing list will include those members of the ABA Section of Corporation, Banking and Business Law who are listed in the Section Directory as mem- bers of Corporate Law Departments; those other Sec- tion members who ask to be included on the mailing list; and Chairmen of local and state Committees or Sections on Corporate Law Departments. Copies of this first issue will also be distributed to all members of such state and local Committees and Sections. YOU ARE WANTED! Nonmembers are urged to join the American Bar Association and to enroll in the Section of Corporation, Banking and Business Law. Request an application form from the Bar Center. If you are interested in legal problems relating to corporations, it is imperative that you belong to the Section, for which enrollment ABA membership is a prerequisite. RADIANT BURNERS The Illinois State Bar Association and The Chicago Bar Association have joined in an amicus curiae brief filed in the Circuit Court of Appeals for the 7th Circuit in Chicago. Amicus briefs have also been filed by the ABA and the American Patent Law Ass'n. The appel- lees' brief is due on March 18 and replies 15 days there- after. Oral argument could be scheduled in May and a decision is possible before the summer recess. You will recall that this is the U. S. District Court (Chicago) case in which Chief Judge Campbell ruled that the attorney-client privilege does not exist for cor- porations. ETHICS OPINIONS Informal opinions of the ABA Standing Committee on Professional Ethics: 476. Where an attorney is freely selected and com- pensated by the employee, is directly responsible to him, and no conflict of interest exists, the mere fact that he also represents the corporation for which the employee works does not render his employ- ment unethical. 523. While a lay adjuster may negotiate settle- ments, it is improper for an attorney to delegate his professional discretion to such a layman, or to authorize him to make final settlements without his approval. It is also improper for plaintiff's attorney to communicate with lay adjusters of defendant's insurance company while suit is pending without the specific consent and approval of the insurance company's attorney. 564. An attorney who has represented both a cor- poration and a large stockholder in that corpora- tion may not represent either in a controversy be- tween the two, but may continue to represent both in other matters. RELATIONS WITH LAW SCHOOLS This Subcommittee is preparing a booklet on corpo- rate law department practice for use in the Subcom- mittee's talks to law students and general distribution to law schools. Chairman Abram T. Collier has assigned Russell G. Saxby, Columbus, Ohio, and Joseph A. Howell, Jr., Richmond, Va., to work with the Section's Administrative Assistant on the booklet, which will tell the corporate counsel story to law students and facul- ties. Publication of the booklet by fall is planned. Members of the Subcommittee speak annually at leading law schools to inform students, and faculty, of the nature of corporate law department practice and opportunities in the field for young lawyers. In particu- lar, they emphasize that corporate counsel are active members of the Bar.

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