CENTER FOR LAW AND BUSINESS CREATES NEW AND UNIQUE OPPORTUNITY FOR LL.M. STUDENTS AT NYU LAW TO ACQUIRE CERTIFICATE IN GRADUATE BUSINESS EDUCATION FROM STERN

joan.dim@nyu.edu

--Certificate awarded by NYU’s Stern School of Business targets business lawyers on the “fast-track”

New York City (March 30, 2001) -- The New York University Center for Law and Business has created a groundbreaking initiative, The Advanced Professional Certificate in Law and Business (APCLB), in which business lawyers, while earning their LL.M. degrees at NYU School of Law, may simultaneously earn a Certificate in graduate business education within twelve calendar months. The new certificate will be awarded by NYU’s Stern School of Business.

The new and unique Certificate, which is available only at NYU, was recently approved by New York State’s Department of Education. Importantly, no other law school in the country offers LL.M. candidates the opportunity to earn such a business certificate.

The idea for the Certificate is the brainchild of NYU Professor William T. Allen, one of the nation’s leading authorities on corporate governance, a former chancellor of The Delaware Court of Chancery, and the director of NYU’s Center for Law and Business.

“The APCLB provides the analytical tools necessary to understand the finances and economics that underlie the transactions and the business structures that business lawyers design, negotiate and implement while supplying an academic dimension that no other law school currently offers,” said Professor Allen. “Importantly, basic techniques and practices of business are covered without requiring students to dedicate the two or three years necessary to earn an MBA degree. For the business lawyer in a hurry, this new and accelerated program is a huge gift of time.”

The APCLB, which commences in summer 2001, will require successful completion of 15 credit hours of graduate business study. The summer aspect of the Certificate Program is designed to enable students to learn some of the infrastructure of economic and financial analysis employed by investment banks and business firms in making financial and business decisions. During the fall and spring semesters, students take six credit hours of electives from a broad range of courses normally offered in the Stern School of Business curriculum (such as Global Business Environment, Business Strategy, Corporate Strategy, Industrial Organization, Investment Banking and Mergers and Acquisitions, Principles of Accounting, Entrepreneurial Finance and others).

The NYU Center for Law and Business, founded in 1997, encourages joint research and teaching among scholars in NYU’s School of Law and the Stern School of Business.

03/21/01