The
centerpiece of the Concentration in Business and Entrepreneurship
Law is the Concentration’s curriculum. By pursuing
the Concentration, students are offered the opportunity
to complete a series of courses that have been designed
to provide both a depth of substantive knowledge and
a breadth of experience with practice skills and business
law practice settings. The goal of the curriculum is
to enable students to enter the profession with a higher
level of readiness to practice while possessing that
combination of theoretical insights and practical perspective
that support a career-long life of self-reflection and
learning.
In
addition to traditional core courses such as Business
Organizations, Enterprise Taxation, Securities Regulation,
Secured Transactions and Bankruptcy, the Concentration
will offer a series of upper-level elective courses that
reflect the unique focus of the Earle Mack School of
Law on entrepreneurship and technology. These classes
will include Private Equity & Venture
Capital Law, Biotechnology and the Law and various intellectual
property courses. Several of these courses are taught
by leaders in the profession. In addition, students at
the Earle Mack School of Law will have the opportunity to take
courses offered at the LeBow College of Business, such
as “Measuring and Maximizing Financial Performance,” an
MBA-level course that introduces students to the principles
of financial accounting. In all of the courses, students
will be exposed to both law and skills, practice and
theory, through a classroom method that incorporates
simulation, drafting exercises and other non-traditional
teaching techniques.
The
unique character of the Concentration is highlighted
by two courses:
Law
and Finance of Transactional Lawyering. This
course is offered each Spring and is designed for second
year students who have completed the basic coursework
in Business Organizations (required) and Enterprise Taxation
(recommended). The purpose of the course is to introduce
students to the paradigmatic transactions that form the
building blocks of all transactional lawyering. These
will include employment/agency agreements, borrowings,
equity financings, partnerships, shareholder agreements
and similar governance arrangements, joint venture, licensing
and similar arrangements and purchase and sale agreements.
Students will be exposed to the economic and financial
underpinnings of these paradigmatic transactions. The
course will be taught through a mixture of lecture, case
study, problem sets, drafting exercises and role-playing
or other simulation. The goal of the course is to provide
students with a theoretical foundation for approaching
all transactional situations, a preliminary experience
with transactional documentation, and an appreciation
for the dynamics of transactional lawyering.
Practicum
in Entrepreneurial Business Lawyering. Offered
over the Winter and Spring quarters each year for students
in their third year, this is the capstone course in the
Business and Entrepreneurship Concentration. Under the
supervision of the instructor who will act as a “senior
partner”, students form teams to provide “advice” to
entrepreneurial business “clients.” Clients
will include MBA teams who are participating in the Annual
Business Plan Competition at the Baiada Entrepreneurship
Center, start-up businesses that are participating in
the Center’s business incubator and projects being
supported by the University’s Office of Technology
Commercialization. Each client project will be tailored
to fit within the constraints of a classroom exercise
but will require students to engage in “real world” activities
such as client meetings and presentations, legal research,
document review and drafting and negotiation. These activities
will be supplemented with classroom discussion of relevant
doctrine, skills and ethical issues and ongoing supervision
and coaching by the instructor and frequent guest practitioners.