Professor Lynn Stout considers a provocative implication of a deeper understanding of the corporate form and the stock market that a rise in share price does not signal an equivalent increase in the value of the firm. Professor Steven Abraham and his co-author also look at stock price, but they do so to assess the impact of the United States Supreme Court's decision in Gilmer. Recent Supreme Court decisions in Faragher and Ellerth are the subject of the contribution of Professor David Sherwyn, one of the Center's Research Fellows and a co-editor of this volume.
Professor Mitu Gulati and his co-authors offer an empirical study of the labor market for lawyers that has profound implications for both legal education and for the way law firms select associates. Also included here are excerpts from Professor William Gould's memoir of his years as Chair of the National Labor Relations Board.
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