The Sixth Annual Berle Symposium reflects on Margaret Blair and
Lynn Stout’s classic article: A Team Production Theory of Corporate
Law . Blair and Stout recast the modern law of public corporations
through the lens of the team productio n theory of the firm. Here, I apply
Blair and Stout’s insights—emphasizi ng the value of team production,
independent monitors, and intellectual property rights—to a novel corpo-rate transaction structure: the acqui-hire.
