NYU Stern

Advanced Professional Certificate in Law and Business

The APCLB Program provides students with tools necessary to understand finance and economics that underlie the transactions and business structures that lawyers design.
 2011 Photo of Students

Summer 2015:  June 15th - July 24th

The Advanced Professional Certificate in Law and Business (APCLB) is a unique program designed specifically for NYU law students and practicing lawyers interested in a career in corporate law. This program permits NYU J.D. students who have completed their first year of legal education and all admitted NYU LL.M. students to receive graduate level business school training in conjunction with their legal education. After the completion of 15 credit hours, these students earn the accredited cerficiate, the Advanced Professional Certificate in Law and Business from the Stern School. Practicing lawyers who are no longer students may participate in the 9 credit hours offered at Stern during summer portion of the program, and receive a transcript indicating completed coursework at the end of the summer in lieu of the certificate.

The APCLB Program has been created specifically for future business lawyers. It 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.



The APCLB Program requires the successful completion of fifteen credit hours of graduate business study.  Nine of these hours are taken in a summer session at the Stern School dedicated to foundational business courses. The additional six "elective credit" hours are taken in conjunction with the students' academic program at the NYU Law School, and may be courses offered by the Stern School, cross-listed NYU Law courses with the Stern School or, with permission, NYU Law School courses that focus on business or finance. These six elective credit hours will count towards both the students' APCLB Certficate and their law degree.

Practicing lawyers who participate in the summer program only complete the nine credit hours of graduate business study offered over the summer and do not qualify for the accredited certificate.  They leave the Program with a transcript from Stern showing completion of the three core courses.



A short description of the summer classes follow:

Foundations of Corporate Finance analyzes the most significant financial decisions facing corporate managers.  The major topics include investment valuation (capital budgeting), capital structure and dividend policy, and mergers and acquisitions.  There will be emphasis on both developing the tools and mindset of the financial practitioner as well as examining specific applications in the form of examples and several case discussions.

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.

The summer classes are given at the Stern School during 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 with Stern, or business focused Law curriculum.



The faculty for the Certificate Program are drawn from the faculty of the Stern School that have specific real-world experience:

      Alex Dontoh Headshot Small  Pollack Marciano  Mohebbi Small

Professor Alex Dontoh is a Professor of Accounting at the Stern School of Business, New York University. He is the Deputy Chair of the Department of Accounting. Professor Dontoh holds a Ph.D. from New York University, an M.B.A. from the University of California, Berkeley and a B.Sc. in Business administration from the University of Ghana.

Clinical Professor 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 Business Week's list of outstanding faculty. Earlier, he worked at Goldman Sachs, Morgan Stanley and Drexel Burnham Lambert.

Adjunct Professor Cyrus Mohebbi manages a team in the Morgan Stanley’s Global Wealth Management Group that develops quantitative models for pricing, originations, and risk management. Products include Bank Deposits, Mortgages, Portfolio and Tailor Lending accounts as well as a wide variety of fixed income and interest rate products such as Corporate and Municipal bonds, structured notes and Swaps. Cyrus is also an Adjunct Professor at Columbia University and New York University teaching Statistics, Corporate Finance and Structured Finance. Cyrus holds an MBA in Management and Accounting from LaSalle University, an MS in Business Statistics from Temple University, and an MA in Marketing, an MA, a Ph.D. in Statistics and Postdoctoral in Management from the Wharton School at the University of Pennsylvania.



The tentative dates for the 2015 summer session are June 15th to July 24th. The proposed schedule may be viewed here.  Please note, this is not finalized and still subject to change.



The Certificate Program is open to all students admitted to the NYU J.D. program who have completed their first year of study, and all students admitted to the NYU LL.M. program. Practicing lawyers may participate in the summer portion of the certificate; however, additional documents, law school transcripts, and an admissions review are required.

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. Upon enrollment we require a deposit of US $250 which will count towards your tuition. Registration forms and deposits must be received by May 15th to hold your place in the class. Registration is not open until February of 2015.  Enrollment forms may be viewed here.



Housing for the summer session will be available in the Law School residence halls at standard rates. Since APCLB students often enroll after the summer housing deadline, a number of rooms have been set aside for them.  These are issued on a first-come, first-serve basis.  After enrolling in the APCLB, students will be contacted regarding their housing needs.  For more information on NYU housing please review the website, http://www.law.nyu.edu/depts/housing/summerliving.



Program tuition covers 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. Tuition for Summer 2015 is $18,351.



A financial aid application will be available in mid-March through the Stern Business School’s Financial Aid website, www.stern.nyu.edu/finaid.

In addition, enrolled APCLB students are eligible for a partial scholarship made possible by a very generous gift from Stern School of Business alumnus, John Vogelstein.  All enrolled students are considered for this both need and merit based scholarship.  The recepients are announced prior to the first week of the program.

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.  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.



If you are an international student, you should enroll and start your visa process as soon as possible to ensure that you receive your visa in time to participate. International students should complete their Application for Certificate of Eligibility for F-1 or J-1 Status (AFCOE) through the NYU Office of Global Services without delay. Please indicate on your AFCOE form that you are an Advanced Professional Certificate student. Also, you will have to show funding for the additional expense of the APCLB.



Should you require additional information, please e-mail or call Harold Jennings, Assistant Director of the Pollack Center, at hjenning@stern.nyu.edu or (212) 998-0565.