NonprofitsWorking Group On Legal Opinions Foundation

Community Improvement & Capacity Building

Working Group On Legal Opinions Foundation

WILMINGTON, DE

Total revenue

$306K

Total expenses

$179K

Net assets

$1.1M

Grants received

EIN

464342171

Tax year

2023

Mission

The mission is to bring together all constituencies concerned with giving and receiving legal opinions in order to foster a national opinion perspective, broaden the consensus that exists and provide a continuing forum for discussion of opinion issues.

Programs

2 programs

Webinars - wglo conducted one webinar during the year. The topic was: reviewing the 2023 amendments to the delaware general corporation law and alternative entity acts from a practitioner's perspective.

Seminars - wglo conducts seminars on questions relating to third party legal opinion practice and related areas. Attendance is ordinarily about 125. Members are entitled to designate one attendee for each seminar. Wglo's membership includes law firms, bar associations and others interested in legal opinion practice in business law, real estate, municipal bond, international, tax and other areas from across the country. As a result, the wglo seminars provide a proper setting to debate significant issues involving legal opinion practice.education about legal opinion practice is central to wglo's mission. There are no national educational programs for legal opinion practice, although specialized programs are presented from time to time by bar associations, law firms and others. Our programs have included, in 2024, an opinion risk seminar that covered the following topics: (1) the opinion claim, settlements and insurance management; (2) structure and responsibilities of opinion committee; (3) ethics and opinion claim risks; (4) internal education and opinion practice resources; (5) opinion practice issues with multi-offices, cross-border matters and merged law firms; (6) working with other firms on opinion matters; (7) identifying and coping with high-risk opinions; (8) recipient counsel responsibilities and client guidelines; (9) delaware opinions by non-delaware lawyers; and (10) opinion review, opinion forms and internal guidelines and their litigation significance.joint committee with aba/bls - wglo is concerned with broadening the consensus that exists about legal opinion customary practice. In that regard, wglo has been engaged in a joint project with the legal opinions committee of the business law section of the american bar association. That project has produced a statement of opinion practices and related core opinion principles which has been approved by many bar associations and other lawyer groups. Wglo and the american bar association are continuing this partnership and are studying potentially expanding the statement of opinion practices to address additional topics.wglo as incubator - wglo attendees are leaders of legal opinion practice nationally. In parts of the semi-annual seminar programs, attendees meet to discuss issues of common interest in smaller groups. These groups sometimes decide to take additional steps to help the legal opinion community deal with a specific problem or approach. Wglo fosters these groups since the steps they take, which may include publishing, increase and strengthen opinion understanding and the opinion literature. In addition wglo, in conjunction with its seminar program, has sponsored programs and sessions that have resulted in a series of articles prepared by seminar attendees. At least one other group of wglo attendees is working on a specific project regarding local counsel opinion practice.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$285K
Investment income$21K
Other revenue
Total revenue$306K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$179K
Total expenses$179K
Total assets$1.2M
Net assets$1.1M

People

28 listed

NameRoleCompensation

TIMOTHY G HOXIE

PRESIDENT AND BOARD CHAIR

Board

5 hrs/wk

ANDREW M KAUFMAN

IMMEDIATE PAST PRESIDENT

Board

5 hrs/wk

GAIL MEREL

VICE PRESIDENT AND EDITOR

Board

5 hrs/wk

READE H RYAN JR

VICE PRESIDENT AND SECRETARY

Board

5 hrs/wk

WILLIAM A YEMC

VICE PRESIDENT AND TREASURER

Board

5 hrs/wk

LOUIS G HERING

VICE PRESIDENT

Board

5 hrs/wk

STEVEN O WEISE

VICE CHAIR (PLANNING)

Board

5 hrs/wk

DAVID BRITTENHAM

DIRECTOR

Board

2 hrs/wk

WILLIS R BUCK JR

DIRECTOR

Board

2 hrs/wk

SYLVIA FUNG CHIN

DIRECTOR

Board

2 hrs/wk

ARTHUR A COHEN

DIRECTOR

Board

2 hrs/wk

KIMBERLY DESMARAIS

DIRECTOR

Board

2 hrs/wk

PREETHA GIST

DIRECTOR

Board

2 hrs/wk

DONALD W GLAZER

DIRECTOR

Board

2 hrs/wk

ELIZABETH LECKIE

DIRECTOR

Board

2 hrs/wk

SCOTT W MACCORMACK

DIRECTOR

Board

2 hrs/wk

ROBERT S RISOLEO

DIRECTOR

Board

2 hrs/wk

SANDRA M ROCKS

DIRECTOR

Board

2 hrs/wk

ETTORE A SANTUCCI

DIRECTOR

Board

2 hrs/wk

PHILIP B SCHWARTZ

DIRECTOR

Board

2 hrs/wk

CRAIG SINGER

DIRECTOR

Board

2 hrs/wk

JAMES SMITH

DIRECTOR

Board

2 hrs/wk

LYDIA C STEFANOWICZ

DIRECTOR

Board

2 hrs/wk

STEPHEN C TARRY

DIRECTOR

Board

2 hrs/wk

KIMBERLY CHI

DIRECTOR

Board

2 hrs/wk

STERLING SCOTT WILLIS

DIRECTOR

Board

2 hrs/wk

ANNE-THERESE BECHAMPS

DIRECTOR

Board

2 hrs/wk

STANLEY KELLER

VICE CHAIR (PLANNING)

Board

5 hrs/wk

Details

EIN464342171
NTEE codeS40
Subsection06
Ruling date2014-09
Formed2013
Employees0
Volunteers40
WORKING GROUP ON LEGAL OPINIONS FOUNDATION — Mission, Financials & Grants Received | Grantivo