Advanced Professional Certificate in Law and Business
The APCLB Program provides law students with tools necessary to understand finance and economics that underlie the transactions and business structures that lawyers design.
The Advanced Professional Certificate in Law and Business (APCLB) is a unique program of the NYU Pollack Center for 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 LL.M. students 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. Lawyers who are no longer students may participate in only the summer portion of the program (three core business courses), and receive a transcript indicating completed coursework at the end of the summer.
The APCLB Program has been created specifically for future 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.
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 School courses 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.
OVERVIEW OF COURSES
A short description of the summer classes follow:
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 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 in the Stern and Law Curriculum.
The faculty for the Certificate Program are drawn from senior members of the faculty of the Stern School:
Professor Alex Dontoh 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 dates for the 2013 summer session are June 3rd to July 25th. You are welcome to review the proposed 2013 Class Schedule. This is not finalized and subject to change.
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. Registration does not officially open until March 25th; however, an initial non-refundable deposit of US $250 can be sent at any time to reserve a spot in the course. Registration forms and deposit must be received by May 15th to hold your place in the class. The deposit will count towards your tuition fees. Registration forms for Summer 2013 may be downloaded here.
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 at http://www.law.nyu.edu/depts/housing/summerliving.
TUITION AND FEES
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 2013 is $16,495 and the payment deadline is May 30th.
FINANCIAL AID AVAILABLE
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 and the decision is made the prior to the first week of class.
Students interested in applying for summer financial aid should contact the Stern School of Business Financial Aid Office at email@example.com 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.
INTERNATIONAL STUDENTS ADMITTED
If you are an international studet, 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).
Should you require additional information, please do not hesitate to e-mail Mr. Harold Jennings, Program Coordinator, at firstname.lastname@example.org or call him at (212) 998-0565. Please also visit our website at www.stern.nyu.edu/clb.