Elizabeth A. Hecker


Tel 410.528.5557
Fax 410.528.5650

Elizabeth concentrates on corporate law and corporate governance matters. She has experience guiding corporate filings with the U.S. Securities and Exchange Commission as well as drafting, reviewing, and negotiating a variety of corporate agreements. She works closely with entrepreneurs to guide them through initial company formation issues, day-to-day corporate governance matters, and financing transactions and exits. Liz also works directly with angel investors, private equity investors and firms, and venture capital firms.

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.


Co-author, “New SEC Thresholds in Definition of Smaller Reporting Company Effective September 10,” Ballard Spahr Securities and Capital Markets, July 2018

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, “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)