Corporate and business law has always played a central role in the identity of NYU. From the Law School’s Mitchell Jacobson Leadership Program in Law and Business to its joint J.D./M.B.A program with NYU’s highly regarded Leonard N. Stern School of Business to its new team-oriented law & business courses, NYU Law continues to lead the way in innovative programs and offerings, particularly as globalization reshapes the way people think about the interaction of business and law.
The business law program offers an impressive array of opportunities for students to integrate theory and practice while studying in the world’s financial hub, thanks in part to the Pollack Center for Law & Business, led by Professor (and former Chancellor of the Court of Chancery of the State of Delaware) William Allen. The center is the link between the Law School and the Stern School of Business, providing joint teaching and research opportunities for students and faculty at both schools. It coordinates a rich curriculum for students interested in the relationship between law and business, and involves leaders in banking, business and law in the intellectual life of the University.
Students get a chance to work with some of these leaders in law & business courses, the Law School’s new breed of business course. In courses such as the Law & Business of Bankruptcy and Reorganization and the Law & Business of Investment Banking students examine the design, negotiation, finance and implementation of specific real-world deals, as well as business management and commercial client relations. Business and law students work in teams and the lawyers or bankers who actually structured and negotiated the deal serve as adjunct teachers for the projects, bringing their real-world experience into the classroom. Law students can also enroll in transactions courses such as Negotiating Complex Transactions and Social Venture Fund Practicum at Stern. No other law school has courses like these that enroll both business and law students and draw on both law and business faculty.
Another innovative course is Professional Responsibility in Law & Business; it offers a pragmatic approach to business ethics, one that is totally unique to NYU. Cotaught by Stern and Law School professors, it focuses on the functioning of legal counsel’s role in a business transaction and in an on-going business organization--where the correct course of action may not always be obvious. The course satisfies the ethics requirements of both schools.
NYU Law offers an impressive array of other "deals" courses--more than any other leading Law School--such as Advanced Corporate Tax Problems; Bankruptcy Reorganizations: Case Administration; Entertainment Law: Deals & Negotiation; Financial Instruments and the Capital Markets; Financing Development; International Economic Transactions; Negotiating Complex Deals in Corporate Restructuring; Structure and Finance of Corporate Transactions; Real Estate Deals; Real Estate Financing, and Real Estate Transactions.
NYU Law also provides students with the opportunity to gain practical experience in corporate and business law through the Business Law Transactions Clinic. Students provide legal services relating to nonprofit organizations' business needs, including contracts and corporate governance work.
NYU Law is a national leader in the study of financial services law and policy, and enjoys an unparalleled advantage among leading national law schools by virtue of its location in lower Manhattan, close to the New York Stock Exchange and the Federal Reserve Bank of New York. Courses related to financial services include everything from Corporate Finance to Venture Capital. Law students can sample a rich menu of financial service-related courses (as many as 10 credits) at Stern. NYU Law also is home to the Center for the Study of Central Banks and Financial Institutions, directed by Professor Geoffrey Miller. The Center supports research in cutting-edge issues at the intersection of global finance and law.
The Law School also has a deep bench in commercial law. In contracts for example, a cadre of experts tackle the topic from a wide range of perspectives including law and economics (Professor Oren Bar-Gill), e-commerce (Professor Florencia Marotta-Wurgler), international contracts (Professor Clayton Gillette) and entrepreneurial finance (Professor Helen Scott). Likewise, in torts and product liability, professors such as Mark Geistfeld and Catherine Sharkey examine the relationship between private law and public law, and focus on legal rules that govern risks threatening physical injury and property damage.
The economic analysis of law is taught throughout the standard curriculum as well as in several colloquia and advanced courses. For students interested in research and study in the field of law and economics, NYU offers both a joint J.D./M.A. (economics) degree and a joint J.D./Ph.D. (economics) degree. The Law School’s Center for Law, Economics and Organization promotes interdisciplinary research and teaching in law and economics. Two of its directors, Professors Jennifer Arlen and Geoffrey Miller, recently organized at NYU the Second Annual Conference on Empirical Legal Studies, which featured original empirical and experimental legal scholarship by leading scholars worldwide.
Labor and Employment Law
Labor and employment law is another critical aspect of business law. Core doctrinal courses in the field are Employment Law, Labor Law, Employment Discrimination, and Employee Benefits Law. The Employment and Housing Discrimination Clinic provides hands-on experience in the field, and research seminars, specialized doctrinal courses, and advocacy-based seminars offer advanced training. The Center for Labor and Employment Law, directed by Professor Samuel Estreicher, brings an impressive roster of federal judges, top government officials and leading attorneys in the field to NYU for annual conferences which students are invited to attend.
Law and Business Programs
All J.D. students can take business courses at the Law School or at Stern, but those who are interested in a formal program have several options:
The Mitchell Jacobson Leadership Program in Law and Business is a comprehensive academic scholarship program open to exceptional entering and first-year students with an interest in pursuing high-level careers in law and business. It provides J.D. students with a strongly business-oriented curriculum, streamlined within the parameters of the J.D. degree. The Law School’s joint J.D./M.B.A program with the Stern School of Business offers students a coordinated program that can be completed in four years. (For details, see the J.D./M.B.A. curriculum guide.) NYU's program is the only program of its kind to offer a single application and, in some cases, waive the GMAT requirement if an applicant has appropriate education or work experience.
Advanced Professional Certificate Program in Law and Business is specifically for those interested in careers in corporate law. The Certificate Program gives students graduate-level business school training in conjunction with their legal education without requiring the extra time necessary to earn an M.B.A.
Advanced degrees are also offered. Students can pursue an LL.M. with a specialization in Corporation Law; International Business Regulation, Litigation and Arbitration; Taxation; or Competition, Innovation and Information Law.
Lawrence Lederman Fellowships in Law and Economics
To foster research and study in the area of law, economics and business, each year NYU Law School offers the Lawrence Lederman Fellowships to second year law school students who want to write a research paper in Law and Economics or Law and Business. Lederman Fellows receive a $5,000 fellowship to write a research paper under the close supervision of a faculty member.