Elizabeth A. Hecker


Tel 410.528.5557
Fax 410.528.5650

Elizabeth advises clients on corporate law and corporate governance matters in addition to representing clients in corporate transactional matters. She has experience guiding corporate filings with the U.S. Securities and Exchange Commission, representing Maryland REITs in initial public offerings, follow-on offerings and private placements, including offerings of common and preferred equity, debt and convertible debt and counseling clients on issues of board responsibilities, change-in-control and proxy contests, mergers and acquisitions, takeover defenses and governance.

She also leads the Baltimore office’s accelerator program: Ballard Academy for Student Entrepreneurs (BASE) and works closely with entrepreneurs to guide them through initial company formation issues, day-to-day corporate governance matters, contract negotiations, financing transactions and exits. She regularly represents clients in the negotiation and drafting of SaaS agreements, licensing agreements and channel agreements.

Before joining Ballard Spahr, Liz held leadership roles in a multinational technology conglomerate where she negotiated large-scale transactions with the federal government and worked at the Federal Trade Commission where she, along with economists from the FTC's Bureau of Economics, investigated market dynamics to determine if a proposed merger would harm consumers.

Recognitions and Accomplishments

The Best Lawyers in America "Ones to Watch," – Corporate Law (Baltimore), 2021


Co-author, "It Doesn’t Always Come Down to the Highest Dollar: Delaware Court of Chancery Upholds Board’s Decision Not to Engage in Discussions with Topping Bidder in In re Family Dollar, Inc. Stockholder Litigation," The Threshold, Newsletter of the ABA Mergers & Acquisitions Committee, Section of Antitrust Law, Vol. 15, No. 2, Spring 2015

Contributor, "2013 Annual Review of Antitrust Law Developments," Annual Supplement to Antirust Law Development, 7th ed., ABA Section of Antitrust Law, January 2014

Speaking Engagements

Panelist, “Bootstrapping and Scaling: Tales from Successful Entrepreneurs,” Ballard’s BASE Speaker Series, January 2020

Panelist, “Corporate and Startup Alliances: How to Create One and Make it a Success,” TedCo’s 2019 Entrepreneur Expo, October 2019

Panelist, “Investor Due Diligence & Best Practices for Sharing Data,” TedCo Builder Fund Speaker Series, June 2019

Co-teacher, "LAWS 43203: Advanced Issues in Delaware Corporate Law," University of Chicago School of Law, April 2017

Co-presenter, "A Delaware Perspective on Public Benefit Corporations," 8th Annual Berle Symposium, Benefit Corporations and the Firm Commitment Universe, June 2016

University of Maryland Francis King Carey School of Law (J.D. 2013)

University of Arizona (B.S. 2004)