Carol F. Lee is Special Counsel at Taconic Capital Advisors, an SEC-registered investment advisor based in New York City that manages private investment funds with total assets under management of approximately $7 billion.
Ms. Lee was elected to the ALI in February 2008 and was elected to the Council in May 2012. She is a member of the Governance Committee and previously served on the Investment Committee and the Projects Committee. In addition, she devotes considerable time to reading Council drafts closely and providing comments to the Reporters. She is an Adviser for the Restatement of the Law Third, Torts: Intentional Torts to Persons and a member of the Members Consultative Group for the Restatement of the Law, Consumer Contracts. She received the Distinguished Service Award in 2019.
From 1983 to 1993, she was an associate and then a partner at Wilmer, Cutler and Pickering in Washington, D.C. Her practice included international corporate transactions and joint ventures, Supreme Court and appellate litigation, international aviation regulation, and campaign finance law. She taught a course on the European Community and federalism in the U.S. as a lecturer at Harvard Law School and Yale Law School from 1989 through 1992.
From 1993 to 1995, she was General Counsel of the Export-Import Bank of the United States. From 1995 to 2002, she was Vice President and General Counsel of the International Finance Corporation, the private sector investment arm of the World Bank Group. From 2007 through 2012, she was General Counsel of Taconic Capital Advisors.
She graduated from Yale College, Oxford University (where she was a Marshall Scholar), and Yale Law School. She clerked for Judge J. Skelly Wright of the U.S. Court of Appeals for the District of Columbia Circuit, and for Justice Paul Stevens of the United States Supreme Court. She has published several scholarly articles on legal and historical topics. Her husband, Professor David J. Seipp of Boston University School of Law, is a Life Member of the ALI.