Business Law Transactions Clinic
|LW.10195 / LW.11302
Professor Stephanie Abramson
Professor Sean Delany
Stephanie Swanson, Clinic Fellow and Supervising Attorney
Open to 3L students only
Maximum of 8 students
|Fall and Spring semesters
Recommended: Federal Income Taxation
The Business Law Transactions Clinic will provide an opportunity for students to provide legal services on transactional and governance matters relating to nonprofit organizations’ business needs.
In this clinical program, first offered in the Spring 2010 semester, students have worked on:
- planning transactions and draft contracts, memoranda of understanding, leases, promissory notes, employment agreements and other operating agreements;
- performing reviews of contracts and other documents and advising senior executives and boards about governance and disclosure practices;
- preparing bylaws, conflict-of-interest, investment, social media and other board policies, employee manuals, committee charters, and similar documents;
We expect students in the clinic will develop analytical, planning, editorial and counseling skills in the context of client projects and reality-grounded class work. Students will learn to understand legal documents as business communications and to communicate complex legal concepts, factual matters and tactical choices in simple, concise, organized and understandable ways
Our clients are existing, operating nonprofit organizations with operating budgets of approximately $300,000 and larger. We will focus on providing practical and thoughtful support to senior leaders of these institutions. We expect that clinic students will do great work for our clients. Finally, we want our students to see how business lawyers can serve the community through pro bono activities.
We have a weekly two-hour seminar, which focuses on the business lawyer’s multiple roles in assessing, planning and managing corporate events and transactions. Most seminars will feature as guest speakers practicing lawyers whose specialties contribute to strategic decisions made by business executives or executives who work with business lawyers on transactions. Student exercises in the seminars will include negotiations, analysis of hypothetical transactions, and presentations of student work. In addition, the seminar will involve some substantive law sessions, including discussions of relevant ethical and not-for-profit law provisions and other areas that may be required for effective representation.
The following are some examples of the clinic’s work:
- For a not-for-profit national media company, conducted due diligence on a proposed acquisition of a for-profit technology company;
- For an animal hospital, drafted forms of agreements regarding non-competition and non-solicitation covenants and a memorandum of understanding with a partner veterinary provider for work of residents;
- For an organization which provides legal services to children in foster care, prepared an amendment to a funding contract with the State of New York, a contract with a software developer, a social networking policy, a memorandum on employer liability in connection with background checks, guidance on standards for hosting an online bulletin board, amended bylaws, an investment policy and a disaster and data recovery plan;
- For a community support organization, revised a personnel manual, negotiated the renewal of a lease, and reviewed corporate governance issues;
- For a civil rights organization, revised a contract regarding archiving of records and prepared a records retention policy;
- For a museum located outside New York, acted as special New York counsel on a combination with a New York cultural institution;
- For an organization providing tutoring services in public school, drafted a contract with a public school and a template for additional public schools, along with preparation of an employee manual;
- For an organization that supports cancer patients and their families, drafted a license agreement;
- For an association of law professors, amended bylaws and advised on charitable solicitation regulations;
- For an organization providing services for victims of domestic violence, revised forms of contracts and advised on issues regarding privileged information;
- For an organization rendering support services to women seeking career advancement, drafted an agreement with an agency of the City of New York to provide training sessions;
- For an organization sponsoring arts and other cultural events, prepared collaboration agreements with artists and institutions;
- For an organization that aims to improve community health, advised on transfers of technology contracts;
- For an organization that supports a subsidiary of the United Nations, reviewed form of corporate sponsorship;
- For various organizations, prepared investment policies and reviewed grant agreements for compliance with the New York Prudent Management of Institutional Funds;
- For a day care center, provided guidance on collaboration with other day care centers and drafted collaboration agreements with two other day care centers;
- For a sponsoring organization, prepared forms of fiscal sponsorship agreements;
- For NYU law school, drafted a series of agreements and memorandum of understanding to structure a proposed student organization;
- For various organizations, amended bylaws and prepared revised personnel manuals; and
- For a private university and a community support organization, drafted committee charters.
The seminar will meet once a week for two hours. However, students interested in the clinic must also be available throughout the semester for meetings with the faculty members on Wednesdays and Thursdays from 3:00 PM until 5:00 PM to discuss client projects or participate in calls with clients.
Students should fill out and submit the standard application, resume and law school transcript using CAMS, the online application system. There will be no interview, but the faculty members may contact you with questions regarding your application. For more information about this clinic, please contact Stephanie Swanson or any of the current students listed below.
In addition, if you would like to speak with a student currently in the clinic, please contact one of the students listed below:
You may also contact the following students enrolled in the clinic during prior semesters:
* 5 credits includes 3 clinical credits and 2 academic seminar credits.