What Potter Anderson & Corroon LLP does

Potter Anderson & Corroon LLP is Delaware's oldest law firm, founded in 1829 and headquartered at Hercules Plaza in Wilmington, Delaware. The firm specializes in Delaware corporate law, with a portfolio of practice areas spanning corporate litigation before the Court of Chancery, Superior Court, and U.S. District Court for the District of Delaware; corporate transactions and counseling under the Delaware General Corporation Law; bankruptcy and restructuring with a focus on Delaware mega-cases; intellectual property litigation and counseling; commercial litigation including insurance recovery and alternative dispute resolution; labor and employment; health care regulatory work; and commercial real estate. The firm employs more than 100 attorneys, 30% of whom are Chambers-ranked, with 23 attorneys recognized in Chambers USA 2026 across six Band 1 or ranked departments.

Potter Anderson's client base consists of three primary segments: sophisticated corporate clients (Fortune 500 and publicly traded companies with matters in Delaware), other law firms seeking Delaware co-counsel relationships, and Delaware-incorporated entities requiring governance and DGCL expertise. The firm has served as Delaware counsel on marquee transactions including Google/Alphabet's $5.4 billion acquisition of Mandiant, Liberty Media's Atlanta Braves split-off, Warner Bros. Discovery's merger with Netflix, and Focus Financial Partners' $7 billion acquisition by Clayton, Dubilier & Rice. Notable litigation outcomes include a $23.3 million jury verdict for C3.ai in a trade secret case and a $20.2 million patent infringement verdict.

The firm generates revenue through traditional hourly billing for legal services, with rates disclosed via AmLaw 200 hourly rate surveys rather than directly to clients. Distribution occurs primarily through direct attorney-client relationships and co-counsel engagements with national and international law firms, supplemented by thought-leadership content (DE Law Insights blog, client alerts, year-in-review publications), industry rankings, and earned media. The firm's competitive differentiation rests on deep Delaware-specific expertise, authorship of three leading treatises on Delaware corporate law, sustained Band 1 Chambers rankings, and a satellite office adjacent to the Leonard L. Williams Justice Center that supports trial teams and visiting co-counsel. Ownership is structured as a Delaware limited liability partnership held by equity partners; no external institutional investment or parent company is indicated.

Name

Potter Anderson & Corroon LLP

Legal name

Potter Anderson & Corroon LLP

Website

https://potteranderson.com

Company type

Private

Founded year

1829

Operating status

Operating

Headcount range

101–250 employees

Short description

Potter Anderson & Corroon LLP is Delaware's oldest law firm, providing specialized legal services in corporate litigation, Court of Chancery matters, corporate transactions, bankruptcy, and intellectual property to Fortune 500 companies, Delaware-incorporated entities, and out-of-state law firms seeking Delaware co-counsel.

Ownership category

akta.pro rank

Product category

Legal Services

NAICS

Offices of Lawyers (541110), Legal Services (5411)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Mergers & Acquisitions (M&A) & Securities Law (BPAHAAAI)

akta.pro secondary industry

Litigation Support & Expert Witness Services (BPAHALAG)

Keywords

• Corporate litigation services
• Delaware corporate law
• Mergers and acquisitions law
• Intellectual property litigation
• Bankruptcy restructuring services

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Legal Services Billing: Traditional law firm revenue generated through hourly rate billing for legal services including corporate litigation, transactions, bankruptcy, IP, labor & employment, and real estate matters. Rate changes for 2026 were reported as part of AmLaw 200 Hourly Rate Report.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Potter Anderson & Corroon LLP is Delaware's oldest law firm, providing a full range of legal services to local, national, and international clients with matters in Delaware. The firm's core offerings are organized into practice areas including Corporate Litigation before the Delaware Court of Chancery, Corporate Transactions and Counseling under the Delaware General Corporation Law, Bankruptcy and Restructuring (mega-bankruptcy representations), Intellectual Property litigation and prosecution, Commercial Litigation, Labor and Employment, Health Care regulatory, and Real Estate transactional work. It also serves as Delaware co-counsel to many of the world's largest law firms.

Product overview

Potter Anderson & Corroon LLP is a Delaware law firm (not a software product company) offering a unified portfolio of legal services organized into practice groups rather than a modular software platform. The core offering comprises Corporate Litigation (Chancery, M&A, DGCL proceedings) and Corporate Transactions/Counseling (M&A, governance, Delaware entity formation) as the flagship practices, supported by specialized groups in Bankruptcy/Restructuring, Intellectual Property (litigation and counseling), Commercial Litigation (with ADR and Insurance Recovery sub-practices), Labor and Employment, Health Care, and Real Estate. The firm's differentiation stems from its deep Delaware law expertise and ranked practices rather than technology features.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Litigation Litigation services before the Court of Chancery, Superior Court of Delaware, and U.S. District Court for the District of Delaware, including stockholder class and derivative actions, M&A disputes, and Delaware General Corporation Law proceedings. For sophisticated corporate clients and other law firms as co-counsel.
• Corporate Transactions and Corporate Counseling M&A advisory, corporate governance counseling, Delaware entity formation, and transactional services for corporations, LLCs, partnerships, and statutory trusts. Advises corporations, directors, and board committees on mergers, recapitalizations, reorganizations, asset sales, dividends, stock repurchases, and charter amendments.
• Bankruptcy, Restructuring and Creditors' Rights Representation of debtors, creditors' committees, and secured creditors in Chapter 11 cases, including sale transactions, financing, and litigation. Focused on Delaware mega-bankruptcies, including roles as counsel to the Official Committee of Equity Holders of Continental Airlines Holdings in 1990.
• Intellectual Property IP litigation, patent prosecution and counseling, trademark procurement, and trade secret matters before Delaware federal courts. Recognized in IAM Patent 1000 with four attorneys recognized for patent work. Includes litigation and transactional IP services.
• Commercial Litigation Business and commercial dispute resolution encompassing contract disputes, business torts, insurance recovery, alternative dispute resolution, and appellate representation. Includes defense of federal antitrust and securities law claims.
• Labor and Employment Employment litigation, labor counseling, non-compete enforcement, and workplace compliance representation for management clients in Delaware courts and agencies. Band 1 ranked in Chambers USA for Delaware.
• Health Care Regulatory compliance, licensing, Medicare/Medicaid matters, HIPAA, fraud and abuse, and health care transactions for providers including hospitals, long-term care facilities, managed care organizations, and physician practices.
• Real Estate Commercial real estate transactions including acquisition, financing, development, leasing, and construction lending for lenders, developers, and investors. Represents banks, private equity firms, investors, developers, owners, landlords, and tenants in complex multimillion-dollar projects.
• Insurance Recovery Litigation and Advice Exclusive representation of corporate policyholders seeking insurance coverage for denied claims, including D&O liability, environmental, asbestos, products liability, and cyber coverage matters. Has secured billions of dollars in insurance coverage for policyholders.
• Alternative Dispute Resolution Mediation, arbitration, neutral evaluation, and other ADR services, led by a former Superior Court judge with expertise in technology-related disputes.

Quantifiable outcome

• $23.3 million jury verdict for C3.ai in trade secret case
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• World's Largest Law FirmscoreStrategic or Co-development PartnerPotter Anderson serves as co-counsel to some of the world's largest law firms, providing Delaware-specific expertise in corporate law, litigation, and transactions. The firm maintains satellite offices and conference facilities for visiting co-counsel and trial teams.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Latham & Watkins LLP: Global AmLaw firm with a substantial Delaware and corporate litigation practice. Engages Potter Anderson as Delaware co-counsel on major matters and competes for premium M&A and Chancery litigation work.
• Davis Polk & Wardwell LLP: Elite corporate and M&A firm that handles many of the same mega-deals and Delaware-governed transactions. Frequently collaborates with or competes against Potter Anderson for the highest-value corporate advisory mandates.
• Sidley Austin LLP: Global AmLaw firm with a deep corporate practice that competes for large-cap M&A, securities, and Delaware litigation matters. Often engages Wilmington firms as co-counsel on Court of Chancery work.
• Skadden, Arps, Slate, Meagher & Flom LLP: Global AmLaw 50 firm with a major Delaware M&A and corporate litigation practice. Frequently competes with or engages Potter Anderson as Delaware co-counsel on the largest M&A and Chancery matters.
• Sullivan & Cromwell LLP: Elite U.S. corporate and M&A firm with a strong Delaware litigation presence. Competes for the largest transactions where Potter Anderson is frequently retained as Delaware co-counsel.
• Wachtell, Lipton, Rosen & Katz: Premier U.S. M&A and corporate law firm that handles many of the same mega-deal advisory mandates (like the $5.4B Google/Mandiant and $7B CD&R/Focus Financial deals). Competes at the highest end of corporate advisory and Delaware takeover litigation.
• Gibson, Dunn & Crutcher LLP: National AmLaw 10 firm with a top-tier M&A and Chancery litigation practice, including active Delaware-based litigators. Competes for both the underlying corporate mandate and as direct Delaware counsel.

Direct peers

• Richards, Layton & Finger, P.A. One of Delaware's 'Big Four' law firms and Potter Anderson's closest direct competitor. Both firms are Wilmington-based, serve as Delaware counsel to Fortune 500 clients, and compete head-to-head on Court of Chancery, corporate transactions, and bankruptcy matters.
• Young Conaway Stargatt & Taylor, LLP: Wilmington-based Delaware firm with a comparable mix of corporate litigation, bankruptcy, and Chancery work. A direct competitor in Delaware mega-bankruptcy cases and Court of Chancery litigation, frequently co-counsel with or against Potter Anderson.
• Morris, Nichols, Arsht & Tunnell LLP: Another Wilmington 'Big Four' Delaware law firm with overlapping Chancery, corporate, bankruptcy, and IP practices. Competes directly for the same Delaware co-counsel mandates and Fortune 500 Delaware-incorporated clients.

Market position

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/PotterAnderson
• LinkedInlinkedin.com/company/potter-anderson-&-corroon-llp?trk=top_nav_home

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Potter Anderson & Corroon LLP