Daily News: May 1, 2013

Potter Anderson Adds Three Partners

Potter Anderson & Corroon announced the addition of Robert L. Symonds, Jr. and Matthew J. O’Toole and Thomas A. Mullen as partners.

“Bob, Matt, and Tom are independently recognized authorities on Delaware business law, structured finance and alternative business entities,” said chairman of the firm Donald J. Wolfe, Jr. “Their combined expertise significantly broadens and increases our capabilities in this area, and will allow us to expand our depth of knowledge to better serve our clients. We are thrilled that they have joined us.”

Symonds, O’Toole and Mullen are all members of the drafting committee responsible for amendments to the Delaware Limited Liability Company Act, the Delaware Revised Uniform Limited Partnership Act and the Delaware Revised Uniform Partnership Act.

Symonds, one of the original drafters of the Delaware Limited Liability Company Act, joins Potter Anderson from the Corporate, Finance & Capital Markets Practice of Stevens & Lee. He has spent his nearly 30-year career serving as Delaware counsel to lenders, borrowers, investors, managers, trustees and other parties in domestic and international business transactions.

O’Toole also joins Potter Anderson from the Corporate, Finance & Capital Markets Practice of Stevens & Lee. He focuses his practice on the structure and use of Delaware business entities, including corporations, limited liability companies, partnerships and statutory trusts. O’Toole frequently provides third-party legal opinions concerning Delaware’s General Corporation Law, Delaware’s alternative entity statutes, the Delaware UCC and other applicable law. With Symonds, he is co-author of Symonds & O’Toole on Delaware Limited Liability Companies, published by Wolters Kluwer Law & Business/Aspen Publishers.

Mullen joins Potter Anderson from the Corporate and Business Law Counseling Practice Group of Prickett, Jones & Elliott. Mullen has over twenty years of experience advising clients on Delaware corporate and alternative entity law matters, and regularly provides third-party legal opinions in commercial transactions subject to Delaware law. He also advises directors, managers and shareholders in connection with corporate governance matters, mergers and acquisitions, and compliance with fiduciary obligations. Mullen has particular experience advising boards and conflict committees of master limited partnerships in connection with mergers, reorganizations and related party transactions.