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LL.M.-J.S.D. Program in International & Comparative Law
NYU Pollack Center for Law and Business
a joint venture of the Stern School of Business and the
NYU School of Law
www.stern.nyu.edu/clb
The Advanced Professional Certificate in Law & Business (APCLB) is a unique program of the NYU Pollack Center for Law & Business, a joint venture of NYU's Leonard N. Stern School of Business and NYU School of Law designed specifically for law students interested in a career in corporate law. This program permits J.D. students who have completed their first year of legal education at NYU School of Law and all students admitted to the LL.M. program at the NYU School of Law to receive graduate business school training in conjunction with their legal education and to earn an Advanced Professional Certificate in Law and Business from the Stern School.
The APCLB has been created specifically for business lawyers. It is designed to provide law students with analytical tools necessary to understand the finance and economics that underlie the transactions and business structures that business lawyers design, negotiate, and implement. The APCLB supplies an accessible academic dimension to corporate law studies. The graduate business school curriculum covers basic techniques and practices of business without requiring students to dedicate the extended time necessary to earn an MBA degree. The Leonard N. Stern School of Business is a leading U.S. graduate business school. Its Finance Department, which is especially involved in the APCLB program, is consistently recognized as one of the leading centers for teaching and research in finance, banking, investments, and related fields.
1. ACADEMIC PROGRAM
The APCLB requires the successful completion of 15 credit hours of graduate business study, 9 of which are taken in a summer session in the Stern School. The summer term is dedicated to foundational courses which will prepare law students for business law courses taken in the fall (such as Corporations or Securities Regulation) as well as more advanced topics. During the remaining part of their academic program at the Law School, APCLB students will take 6 additional credit hours of courses at the Stern School, cross-listed courses with the Stern School or, with permission, Law School courses that focus on business finance. Thus, in total, APCLB students will take 15 hours of academic work supporting the award by the University of the Advanced Professional Certificate. The elective courses count towards both the law degree and the Advanced Professional Certificate.
2. OVERVIEW OF COURSES
A short description of the summer classes that will be offered in 2008 is as follows:
• Financial Accounting and Reporting introduces students to accounting reports, an important means of communication with investors. The course focuses on the development, analysis, and use of these reports and provides an understanding of what these reports contain, what assumptions and concepts accountants use to prepare them, and why they use those assumptions and concepts. The course uses simple examples to provide students with a clear understanding of accounting concepts. It stresses the ability to apply these concepts to real world cases, which by their very nature are complex and ambiguous. In addition to text-oriented materials, the classes also include cases so that students can discuss applications of basic concepts, actual financial reports, and articles from newspapers. In addition to traditional introductory topics, other topics may include mergers and acquisitions, purchase and pooling, free cash flow, and financial statement analysis.
• Statistics and Data Analysis provides a survey of quantitative techniques applicable to decision making, with special regard to their roles in legal issues. Topics will include introduction to probability, statistical distributions (including binomial, Poisson, normal), statistical inference (estimation, prediction, and hypothesis tests), multivariate linear regression, correlation analysis, and statistical sampling. Examples will be drawn from problems from legal proceedings.
• Foundations of Corporate Finance introduces students to the structure of markets and the valuation of financial assets, including stocks, bonds, futures, forwards, options, and swaps. Principles of modern portfolio theory, with domestic and international applications, are developed. Options and futures contracts are valued within the framework of arbitrage-based models.
The summer classes are given at the Stern School during an eight-week session. Each course requires approximately 37 academic hours of instruction. During the fall and spring semesters, APCLB students take six credit hours of electives from a broad range of courses normally offered in the Stern curriculum or cross-listed courses in the Stern and Law Curriculum.
3. ACADEMIC CALENDAR
The 2008 summer session commences June 2, 2008 and ends July 24, 2008.
4. ADMISSION
The Certificate Program is open to all full-time students admitted to the J.D. program who have completed their first year of study, and all students admitted to the LL.M. program.
Interested students should contact Harold Jennings at hjenning@stern.nyu.edu or by calling 212.998.0565. Students who intend to enroll in the Certificate Program will pay an additional $250 tuition deposit, which will count toward the cost of tuition.
5. HOUSING
Housing for the summer session will be available on a first-come, first-served basis in the NYU School of Law residence halls at the standard rates. Since the summer housing application deadline is before APCLB students are admitted, a number of rooms have been set aside for them. After completing the registration documents, students are contacted by a representative from NYU Law School Housing about their housing needs. Currently-enrolled students must submit an application for summer residence. For more information, please reference the NYU Law School Housing Website.
6. TUITION
Additional tuition to that charged during the regular nine-month academic year for the LL.M. program will be paid only for the 9 credits taken during the summer semester. Tuition and registration fees for these summer credits will be charged at the regular rate for graduate business school credits (as of April 2008, nine credits plus fees total $13,686). Students interested in applying for summer financial aid should contact the Stern School of Business Financial Aid Office at fin-aid@stern.nyu.edu or by calling 212.998.0790. Students are advised to apply for financial aid online.To read more about the types of financial aid available to both domestic and international students, please visit the Types of Financial Aid page in the Stern Financial Aid website. Students may also be eligible to receive a scholarship for the APCLB through a generous grant by Mr. John Vogelstein. Each enrolled students will be considered for the Vogelstein Scholarship and recipients will be notified in May of 2008.