Coursework for Business Law Scholars
There are nine courses students must complete to graduate as a Business Law Scholar. This coursework combines a broad base of corporate law with a traditional business curriculum, including two dedicated courses developed specifically for the program, and two credits of electives students choose to match their career goals. Students who are a good fit for Business Law Scholars will find this coursework well aligned with their law school curriculum plans.
Business Essentials/Mini MBA
Students work through 18 Harvard Business School cases and two Harvard Business School simulations – all led by Professor Stephen P. Hills. The goal of the course is to teach through case study and experiential learning how businesses function, the interrelationships between the various disciplines, and the common problems that businesses face from competition and changing marketplaces.
Student report: “Mini-MBA helped me understand the underlying business concepts that my clients, as well as my firm, deal with on a day-to-day basis. The class is the most practical class I took at Georgetown because it helped me learn how to view how the law works in the real world, outside of a casebook.” Zach Wiewel, L’20
Taught by award-winning professor and Assistant Dean Hillary A. Sale and Dean of Georgetown Law William M. Treanor, this course is only offered to third-year Business Law Scholars. The course covers a broad array of leadership topics and encourages students to find their own personal leadership style through the development of a capstone project. The first two years, students worked on actual areas of potential improvement at the Law Center.
Student report: “the two major classes for BLS (Mini-MBA and Leadership) were great courses that I otherwise would not have had access to.”
Business Law Scholars are expected to have a firm understanding financial statements, how financial statements are developed from the underlying accounting information of a company, and how the basic transactions of a business affect each line item of each financial statement. Several courses are available to fulfill this requirement, including a Week 1 course that is completed in a five-day session before the start of the semester.
Corporations is a foundation course for people interested in business law. Corporations is a prerequisite for many classes, including Corporate Finance, Securities Regulation, and many other corporate law classes. Topics covered include choice of organization, governance structure, and the fiduciary obligations of directors and officers. The particular nature of the public corporation is explored. The course also considers such policy questions as federal-state jurisdiction, the nature of the corporate governance system, and the role of the corporation in modern society.
Federal Income Taxation
This introductory course in federal income taxation considers the principles and policies of the Internal Revenue Code regarding the taxation of individuals and businesses. Major topics include the definition of income, deductions and exclusions, assignment of income, accounting, and issues of timing. Emphasis is placed on the use of the Internal Revenue Code and administrative and judicial material.
Student report: “I’ll be honest, I did not want to take tax but it became my favorite class at law school. So valuable!”
Two credits of Corporate Finance are required, which provide students with a foundation in the financial and legal aspects of a business’ capital structure. Finance coursework is designed to put students in a position to collaborate on and communicate regarding corporate finance matters with clients and other stakeholders such as bankers, investors and regulators.
Student report: “This class was really helpful to gain a better understanding of the kinds of transactions I’ll be working on in the coming year at the firm.”
All areas of business law require some level of negotiation. Georgetown Law’s intensive, interactive seminars are designed to teach both the theory and practice of negotiation, with the goal of improving students’ understanding of negotiation as well as their ability to negotiate effectively.
Student report: I loved Negotiations because I thought the professor (Kleinman) was funny, engaging, and helpful. He taught us both life and professional skills that I will use for the rest of my life. In fact, at my summer job I had to do a mock acquisition and I used the skills I learned in Negotiations to get a great deal.
An efficient marketplace is developed and maintained by securities regulation. This class covers the disclosure philosophy of federal securities laws and the nature of regulation of the securities markets. Among the specific topics covered are registration and exemptions under the Securities Act of 1933 and civil liabilities under both the 1933 Act and the Securities and Exchange Act of 1934.
Student report: “I think Securities Regulation is an important class for any student hoping to pursue business law.”
More than 20 courses have been approved as electives for Business Law Scholars. Topics range from Mergers & Acquisitions, to Fintech, to Energy Trading. All courses have been proposed by students for inclusion on the list, and are available to all students to consider for meeting their elective requirement