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The Advanced Professional Certificate in Law and Business (APCLB) is a unique program of the NYU Pollack Centerfor Law & Business, a joint venture of NYU's Leonard N. Stern School of Business and the 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 and all students admitted to the LL.M. program at NYU School of Law to receive graduate level business school training in conjunction with their legal education and to earn an Advanced Professional Certificate in Law and Business from the Stern School. LLM students studying in Singapore through the NYU@NUS program are also eligible for the APCLB program.
The APCLB Program has been created specifically for business lawyers. It is designed to provide undergraduate and graduate law students the analytical tools necessary to understand the finance and economics that underlie the transactions and the business structures that business lawyers design, negotiate and implement. The APCLB Program 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 Certificate Program, is consistently recognized as one of the leading centers for teaching and research in finance, banking, investments and related fields.
ACADEMIC PROGRAM
The APCLB Program requires the successful completion of 15 credit hours of graduate business study, nine 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 in the Law School, APCLB students will take six (6) additional credit hours of courses in the Stern School , cross-listed with the Stern School or, with permission, Law Schoolcourses that focus on business or finance. Thus, in total, APCLB students will take 15 hours of academic work supporting the award by the University of the Advanced Professional Certificate. BACK TO TOP
OVERVIEW OF COURSES
A short description of the summer classes that will be offered in 2008 are as follows:
Financial Accounting and Reporting introduces students to accounting reports which are an important means of communication with investors. This course focuses on the development, analysis and use of these reports. It 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 Schoolduring a six-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, cross-listed in the Stern and Law Curriculum. BACK TO TOP
FACULTY
The faculty for the Certificate Program are drawn from senior members of the faculty of the Stern School:
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Clinical Professor Anthony Marciano Anthony Marciano joined New York University Stern School of Business as a Clinical Professor of Finance in August 2007. Professor Marciano teaches corporate finance courses to M.B.A. students, and oversees the Michael Price Student Investment Fund, a student-run fund with a value of about $2 million. Prior to joining NYU Stern, Professor Marciano taught courses on advanced corporate finance and mergers and acquisitions at MIT Sloan School of Management. From 1994-2006, he was a Clinical Professor of Finance at the University of Chicago Graduate School of Business teaching M.B.A. and Executive M.B.A. courses. Professor Marciano has been named to BusinessWeek's list of outstanding faculty. Earlier, he worked at Goldman Sachs, Morgan Stanley and Drexel Burnham Lambert.
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Professor Gary Simon is a Professor of Statistics at Stern and received his Bachelor of Science degree in 1966 from Carnegie-Mellon Universityand his Ph.D. in 1972 from Stanford University. He has been at Stern since 1981. He is a former associate editor of the Journal of the American Statistical Association and his current research interest is in the random processes associated with statistical maps.
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Professor Eli Bartov is a research professor of accounting at Stern and the Director of the Accounting Doctoral Program. He received his Ph.D. at the University of California , Berkeley. His primary research areas include capital markets, earnings management, accounting information and equity valuation, financial statement analysis and international accounting. Professor Bartov has been published extensively in many academic journals and teaches courses in financial accounting, financial statement analysis and international financial statement analysis. Professor Bartov has been invited to lecture on executive stock options, earnings management, equity valuation, and related topics before academic and professional audiences not only in the U.S. , but also in Canada , Asia, Europe, Middle East, and Australia. BACK TO TOP
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ACADEMIC CALENDAR
Tentative dates for the 2009 summer session are June 1st to July 24th. For a sample schedule of 2009, please view the 2007 Class Schedule. BACK TO TOP
ADMISSION & REGISTRATION
The Certificate Program is open to all students admitted to the J.D. program who have completed their first year of study, and all students admitted to the LL.M. program.
We reserve the right to close admission to the program should we reach a capacity constraint. Thus, we encourage interested students to indicate their interest in the program as soon as possible. An initial non-refundable deposit of US $250 is due by May 22 to hold your place in the class. The deposit will count towards your tuition fees. Registration materials for 2009 can be viewed here. BACK TO TOP
HOUSING
Housing for the summer session will be available in the Law Schoolresidence halls at standard rates. Students interested in NYU housing for the summer can apply for housing at http://www.law.nyu.edu/depts/housing/summerliving. BACK TO TOP
TUITION
Additional tuition to that charged for the LL.M. and JD program will be paid only for the nine credits taken during the summer semester. Tuition and registration fees for these credits will be charged at the regular rate for graduate business school credits. Last year, tuition was in the amount of $13,002 and the payment deadline was May 29th. BACK TO TOP
FINANCIAL AID
A financial aid application will be available on-line in mid-March through the Stern Business School’s Financial Aid website, www.stern.nyu.edu/finaid. In addition, through a very generous gift by Stern School of Business alumnus John Vogelstein to the NYU Pollack Centerfor Law & Business, you may be eligible to receive a partial grant for the APCLB. All students will be considered for the grant upon enrollment.
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. We advise applying for financial aid online at the Summer Financial Aid website. 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. International students are eligible to apply for private loans through the Financial Aid website as well. Students may also be eligible to receive a scholarship for the APCLB through a generous grant by Mr. John Vogelstein. Notification about the Vogelstein Scholarship will be sent in May. BACK TO TOP
INTERNATIONAL STUDENTS
If you are an international student, you should start your visa process as soon as possible to ensure that you receive your visa in time. International students should send or fax their Application for Certificate of Eligibility for F-1 or J-1 Status (AFCOE) that is contained in their LL.M. admissions package to the NYU Office for International Students and Scholars without delay. Please indicate on your AFCOE form that you are an Advanced Professional Certificate student. Also, you will have to show funding for an additional US $15,000 (tuition and living expenses). BACK TO TOP
ADDITIONAL QUESTIONS
Should you require additional information, please do not hesitate to e-mail Mr. Harold Jennings, Program Coordinator, at hjenning@stern.nyu.edu or call him at (212) 998-0565. Please also visit our website at www.stern.nyu.edu/clb. BACK TO TOP
COMMENTS FROM PREVIOUS CLASSES
Spending a summer at the Stern Schoolof Business was a unique opportunity for me, as a lawyer, to immerse myself in the world of economics and business. It was a great privilege to be part of this new program, taught by wonderful professors. Learning with a small number of law students from all around the world made the classes interactive and enriching to the extreme. I realize now how much I have learned and how much economic and business-related issues are not only interesting, but also imperative for the good comprehension of the world we live in. I do not read a newspaper in the same way [after taking this program]. Being an LL.M. student, the knowledge I acquired is also put to use in my daily studies and I sometimes wonder how much less of a class I would have understood had I not followed the business program. I have been recommending this program to all who ask, since it is also a great occasion to meet and spend more time with other students, as well as get a flavor of New Yorkbeforehand!
Olivia Bennaim-Selvi
Switzerland
Spending the summer at Stern Schoolof Business was both an academic and a socially enlightening experience that put me in a much better position to pursue my LL.M. studies. Indeed, being a student in a small class consisting of students from all over the world, extensively learning business concepts and economic analysis, and having close, direct, daily contact with professors from the business arena was a unique opportunity to acquire knowledge and get a wider perspective than one might acquire in legal practice. [The Certificate Program allowed me to] experience a different academic world. Today, when I am taking courses related to corporate and commercial law, I can see how much I have learned and how the legal studies are much clearer once you understand the financial concepts, the dynamics of the markets and the essence of business transactions that embody commercial law.
Oded Har-Even
Israel
Deciding to participate in the Advanced Certificate Program in Law & Business (APCLB) was the best thing to do. It gave me the opportunity to complement my legal knowledge with a business background that opened my mind to new frontiers. As a lawyer, it is imperative to comprehend your clients' environment and the APCLB narrows the gap between managers and legal advisors. Notwithstanding the intensity of the first part of the program where we studied the core courses over the summer, it was an investment that showed its fruits pretty quickly, allowing me to take more advanced courses in the business school during the normal academic year, and thus to interact with future business people. By understanding the economic and financial forces that mold the evolution of law, I am confident that I will be better prepared to succeed as a professional. Whether I decide to practice law in the U.S.or in my home country or not, the APCLB provided me with the necessary tools to face a variety of options that I had never thought of.
Carlos Pellcer-Lopez
Guatemala
The summer program provided me with the foundational skills necessary to hit the ground running in the legal corporate world. During Early Interview Week, potential employers asked about and were impressed by the Certificate Program. Many commented that they wished they had had something like this program available to them in law school. It definitely gave me greater access to the job market. I cannot say enough about the professional benefits of the Certificate Program. These benefits aside, the small class size coupled with the diverse backgrounds (both professional and geographic) of my peers made for a unique learning environment. Of all of these benefits, I must say that the best thing to come out of it was the good friends I made.
David King
United States
The ACPLB was an extraordinary experience for me. The classes at Stern were my first at NYU and made a great impression on me: the openness of the professors, the thoroughness of the materials and, of course, the novelty of the material I was dealing with (before this summer I had never before taken economics nor finance basic courses). I think that this basic business training adds value to my graduate studies and gives me a new perspective; not only am I more comfortable with courses requiring some economic or financial knowledge but I'm also able to study and interpret the law understanding its underlying policies and reasons.
Carlos Chavez
Mexico
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FREQUENTLY ASKED QUESTIONS
Can I take the APCLB the summer after my LLM?
Yes, you may take the summer core classes the summer after you complete the LLM. However, you should have satisfied the 6 elective credits during the fall and spring semesters of your LLM degree.
Will Stern courses count towards my law degree?
Yes, Stern courses will count towards the law degree. However, the number of credits accepted is limited. Please check with your law school advisor for the specific number of credit hours.
Will Stern courses be reflected on my law school transcript?
The 9 credits taken during the summer will not be included on your law school transcript. However, any additional elective credits taken at Stern will appear on the law school transcript. The grade will not be calculated in your law school GPA.
Will Stern classes weigh on the law school GPA?
No, Stern classes are not calculated in the law school GPA. However, elective credits taken at Stern along with the grade will appear on the law school transcript.
Can I take an APCLB course without registering for the program?
If you are a student in the NYU Law School, you may register for the APCLB classes without enrolling in the program.
I am not enrolled at the NYU Law School. Can I register for the ABCLB as a non-matriculated student?
No, the APCLB is open only to students enrolled at the NYU Law School.
Can I take the APCLB on a part-time basis?
Yes, with approval, you may take the APCLB core summer courses during two summer sessions. However, you must take the core courses during the summer.
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APCLB Program
Course Information Fall
