The DOCKET

Registration for the Advanced Professional Certificate in Law & Business (APCLB) is now open. Summer 2009 enrollment is open for J.D. students who have completed their first year of study as well as LL.M. students who have completed elective requirements. This is truly a unique opportunity, especially for students with a specific interest in business law. If you are interested and would like to see if you are eligible for enrollment, please contact CLBEvents@stern.nyu.edu.

Overview: The Advanced Certificate Program in Law & Business is a unique joint program of NYU’s Leonard N. Stern School of Business and the NYU School of Law designed specifically for law students interested in a career in corporate and financial 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 to receive graduate-level business school training in conjunction with their legal education and to earn an Advanced Professional Certificate in Law & Business from the Stern School. The program provides 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 program supplies an accessible academic dimension to corporate law studies that few law schools offer.

Academic Program: The Advanced Certificate Program requires the successful completion of 15 credit hours of graduate business study, nine of which are taken in a summer session at the Stern School. The summer term is dedicated to foundational courses that will prepare law students for business law courses taken in the fall as well as more advanced topics. During the remaining part of their academic program in the law school, APCLB students will take six additional credit hours of courses in the Stern School, cross-listed with the Stern School or, with permission, Law School courses that focus on business finance.

The summer session will start on June 1 and end on July 24, 2009. During the summer session, each course will require approximately 37 academic hours of work (3 credits per course). The faculty for the APCLB program is drawn from senior members of the Stern School.

Courses include:

Financial Accounting and Reporting examines the manner in which producers, consumers, and resource owners acting through the market determine the prices and outputs of goods, the allocation of productive resources, and the functional distribution of incomes. The price system is seen as a network of interrelated decisions, with the market process serving to communicate information to decision makers. Issues considered include standard problems in microeconomics of information, uncertainty and asymmetric information, antitrust, and intellectual property.

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, equity valuation, financial statement analysis, and international accounting. Professor Bartov has been published extensively. He 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, the Middle East, and Australia.

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.

Professor Gary Simon is a professor of statistics at Stern and received his Bachelor of Science degree in 1966 from Carnegie-Mellon University and 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 and estimation of discrete parameters.

Foundations of 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.

Clinical Professor Anthony Marciano joined NYU 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 to 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 Business Week’s list of outstanding faculty. Earlier, he worked at Goldman Sachs, Morgan Stanley, and Drexel Burnham Lambert.

Registration: 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 U.S. $250 is due by May 15, 2009 to hold your place in the class. The deposit will count towards your tuition fees.

Tuition: Additional tuition to that charged for the LL.M. 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: $14,013.

Financial Aid: A financial aid application will be available online in mid-March through the Stern Business School’s Financial Aid Web site. In addition, through a generous gift by Stern School of Business alumnus John Vogelstein to the NYU Pollack Center for Law & Business, you may be eligible to receive a partial grant for the APCLB. All students will be considered for the grant upon enrollment.

Housing: Housing for the summer session will be available in the Law School residence halls at standard rates. Students interested in NYU housing for the summer can apply for housing here. If the application is no longer available online, please contact Harold Jennings at hjenning@stern.nyu.edu, as a number of rooms have been set aside for summer APCLB students who apply after the summer housing deadline.

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 U.S. $15,000 (tuition and living expenses).

Additional Questions: Should you require additional information, please do not hesitate to e-mail Harold Jennings at hjenning@stern.nyu.edu or call at (212) 998-0565. Please also visit our Web site.

May 14th 2009