A lawyer who has not studied economics and

“ A lawyer who has not studied economics and sociology is very apt to become a public enemy. ” Louis D. Brandeis Law 552 - Antitrust - Instructor: Dwight Drake

Contact Info – Office Hours • Email: djdrake@u. washington. edu • Phones: 206. 616. 6385, 425. 281. 1493, 425. 222. 5988, 480. 272. 6719 • Guaranteed Office Hours: - Tuesday 3: 30 p. m to 5: 00 p. m. - By Appointment. Open Door - Whenever you can catch me! Course URL: http: //faculty. washington. edu/djdrake/Antitrust/ index. shtml Law 552 - Antitrust - Instructor: Dwight Drake

Course Objectives • Survey history, scope, impact of Antitrust. • Focus on Three Dimensions of Antitrust: Ø Neighborhood Ø National Ø World • Internalize Antitrust “flags”. • Enhance fundamental lawyer skills: Ø Analytical, creative thinking Ø Dig Out Skill Ø Communication Skills Law 552 - Antitrust - Instructor: Dwight Drake

What Course Is Not! • Hide the flags. • Hunt for the flags. • Memorize the flags. • Wave flags on exam – score! Law 552 - Antitrust - Instructor: Dwight Drake

Grade Criteria • Seven Case Memos (Each 7 Pts) - 49 pts (25%) • Key Team Case Presentation • Take Home Final Total 21 pts (10%) 130 pts (65%) 200 pts Note: Law School Curve Policy in effect. Law 552 - Antitrust - Instructor: Dwight Drake

Final Opt-Out Option • Turn in all seven case observation memos • No more than one memo late • Participate in team case study • Attend class regularly • Grade B Law 552 - Antitrust - Instructor: Dwight Drake

Case Study Game • Number of Weekly Case Studies - 8 • Case Study Teams - 8 • Key Team for Week has until Friday 5 p. m. to email specific requests for more facts • New facts will be provided to Key Team via email with 24 hours of request • Key Team ( two players max) give oral “partner briefing” following Tuesday (12 Minutes Max). Plus submit concise written memo in Key Player Format for entire class. • All others may submit optional written memo in Observer Format. Although optional, there is grade impact. Observer Memo individual, but team dialogue encouraged. Law 552 - Antitrust - Instructor: Dwight Drake

Different Fact Game Economic analysis determines: - What facts are relevant - What facts need to be ascertained - When ascertained, how facts impact or alter economic theory - How best to interpret facts The Challenge: Win by being good enough to get and apply the right facts! Law 552 - Antitrust - Instructor: Dwight Drake

Memo Presentation Format – Key Team • New facts – The stuff you found • Statement of the key issues • Summary of your conclusions and related rationale • Analysis • Short summation close Law 552 - Antitrust - Instructor: Dwight Drake

Memo Presentation Format -Observers • Desired additional facts • Statement of issues • Preliminary analysis of issues predicated on discovery of additional facts Law 552 - Antitrust - Instructor: Dwight Drake

Writing Basics • • • Four “C”s – Concise, Credible, Confident, Convincing Keep it tight, real tight. No needless words. Use strong, precise verbs. Avoid overstated adjectives. 100% Intellectual honesty – no finessing. Average sentence length: 20 words. Avoid multiple negatives. No “shall”, “provisos”, “and/or” and other drafting jargon. Write for the normal reader, not the intellectual. End sentences emphatically. Organize, then draft. Edit, edit. Law 552 - Antitrust - Instructor: Dwight Drake

LAWYER ROLES • Litigator - Gladiator / Mudslinger • Transactor - Deal Maker/ Paper Pusher • Planner - Strategist / Trouble Maker Copyright 2005 Dwight Drake. All Rights Reserved. Business Planning: Closely Held Enterprises www. drake-business-planning. com Law 552 - Antitrust - Instructor: Dwight Drake

US Businesses Projected Revenues 2007 Corporations $ 21. 58 Trillion (84. 2%) Sole Proprietorships $ 1. 23 Trillion (4. 8%) Partnerships $ 1. 35 Trillion (5. 3%) Limited Liab. Companies $ 1. 45 Trillion (5. 7%) Total Copyright 2005 Dwight Drake. All Rights Reserved. Business Planning: Closely Held Enterprises www. drake-business-planning. com $ 25. 61 Trillion Law 552 - Antitrust - Instructor: Dwight Drake

Corporate Players Employees Hire Officers Elect Directors Elect Shareholders Copyright 2005 Dwight Drake. All Rights Reserved. Business Planning: Closely Held Enterprises www. drake-business-planning. com Law 552 - Antitrust - Instructor: Dwight Drake Reg. Agents Appoint

America’s Privately-Owned Businesses • 25 Million • 99 % of all employers • 75% of all new jobs • 53% of private workforce • 70% of all first jobs • 50% of all sales • Largest client base for professionals • Badly under-serviced by Bar Law 552 - Antitrust - Instructor: Dwight Drake

Private Antitrust Suits • Treble damages - deterrence and greed • Uniquely American • High watermark late ’ 70 s – 20 to 1 • Today – 10 private to 1 government • Tougher now – fairness, efficiency values; standing, injury, causation issues • The debate continues Law 552 - Antitrust - Instructor: Dwight Drake

The Lawyer’s Role as an Advisor to Business Owners, Professionals and Entrepreneurs Flash Presentation (20 Min. approx) by Dwight Drake www. law. washington. edu/Career/Handouts/Flash Note: It takes a few minutes to load Law 552 - Antitrust - Instructor: Dwight Drake

Antitrust Lingo Nail the Glossary NOW! Pages 1 -13 of Supplemental Materials Law 552 - Antitrust - Instructor: Dwight Drake

Horizontal Manufacturer (“OEM”) Distributor Wholesaler Vertical Jobber Retailer Consumer Law 552 - Antitrust - Instructor: Dwight Drake

Overriding Goal of US Antitrust Preserve, protect and maintain public confidence in free market system by deterring and eliminating economic oppression. Law 552 - Antitrust - Instructor: Dwight Drake

Social Goals of U. S. Antitrust • Efficient allocation of goods and services • Prevent “deadweight loss” • Stop “wealth transfer” from market power • Promote innovation – “dynamic efficiency” • Two fading-fast goals: - Protect market entry for individual firms - Decentralize economic power Law 552 - Antitrust - Instructor: Dwight Drake