Like many law schools, my law school is currently conducting a curriculum review. The Task Force has been asked to find ways to "re-imagine" our curriculum, to make it more relevant to students and, specifically, to find ways to keep 3Ls engaged in their last year of study. I'm not on the Task Force, but I've been doing some thinking on ways to improve the corporate law curriculum.
We have what I would characterize as a fairly traditional corporate law curriculum: a four-credit survey course in Business Organizations followed by a good number of business law electives, including Securities Regulation, M&A, Corp Fin, etc. Because we're located so close to Philadelphia, we're fortunate to draw on some highly-skilled adjuncts to teach classes in specialized areas, such as Financial Services Law and Mutual Fund Regulation. We don't have a certificate program in corporate law, but we do offer a joint JD/MBA degree.
I know that providing students with more drafting and counseling opportunities would be beneficial. And so would helping our students obtain better knowledge of business basics. But I'm trying to think outside the box.
So . . . anybody aware of any law schools that have done something new and different to their corporate law curricula?
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1. Posted by David Zaring on December 6, 2007 @ 14:05 | Permalink
Our man Vic is a deals course progenitor! And I think he was the deals fellow at Columbia. That and an entrepeneurial clinic seem like worthy additions to me - not easy to staff though.
2. Posted by Lawrence Cunningham on December 6, 2007 @ 20:48 | Permalink
Jennifer,
As a Member of this year’s Curriculum Committee for both the AALS and for GW, and having spent the last two years as Associate Dean for Academic Affairs (at BC), I’d welcome your thoughts.
Based on those experiences, I’d also recommend caution about the appeal of the idea to “re-imagine” any curriculum. The law school curriculum is basically sound and it is unlikely that any committee or school will make it Platonic.
One point that makes me nervous is the line that says “Securities Regulation, M&A, Corp Fin, etc.” Sorry to quibble, but both the etc and the absence from the express list of anything associated with accounting causes me concern.
Deals, as David Zaring suggests, would be nice, but that is a luxury course compared to accounting. Enron-Vinson suggests my point and this is a problem that has not been addressed by any one to date.
--Larry
3. Posted by Jennifer OHare on December 7, 2007 @ 9:24 | Permalink
Hi Larry,
Thanks for the comment! I completely agree with you about the importance of having an Accounting class in the curriculum. Fortunately, Villanova does have an "Accounting for Lawyers" class, and I strongly encourage all of my students to take it.
And I'll definitely keep your concerns about efforts to "re-imagine" the curriculum in mind when (and if!) the Task Force presents recommendations to the faculty.
Jennifer
4. Posted by Jennifer OHare on December 7, 2007 @ 9:30 | Permalink
Hi David,
Thanks for the comment. Both ideas are good suggestions. As you say, the clinic might be hard to pull off, but who knows? Stranger things have happened!
Jennifer
5. Posted by Student on December 7, 2007 @ 13:17 | Permalink
As a student, I would really like to see Accounting for Lawyers classes taught by non-lawyers. For example, an accounting prof or business adjunct who has experience working with lawyers, teaching me the kind of information my future clients would appreciate me knowing.
This is a common complaint -- that lawyers don't understand their clients' businesses. One way to begin addressing the problem is to bring them into the classroom. I would jump at the chance to take a class such as this, as would many fellow students.
6. Posted by Jake on December 7, 2007 @ 19:43 | Permalink
I agree with Larry generally. That said, attempting to teach law students accounting is a questionable endeavor. Better to let them grow up, sort out which ones might actually do some legal work that involves accounting, then let them decide whether to hire an accounting consultant (or expert witness, if it comes to that).
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