Students would be required to complete four upper-division courses to satisfy this Concentration:
- Business Associations (4 units)
- Business Planning: Financing the Start-Up and Venture Capital Financing (3 units)
- Mergers & Acquisitions (3 units)
- Securities Regulation (3 units)
- Legal Research for the Transactional Lawyer (1 unit)
Note: These are the same four upper-division requirements that must be completed in order to satisfy the requirements for the existing Corporate Concentration, which is a concentration that is also offered under the umbrella of the Business Law Practicum. While the core requirements overlap, the two concentrations are distinct because of the fundamental differences in the elective courses that must be completed to satisfy the requirements of each of these two Concentrations – as explained more fully in the next section.
To complete the Concentration, students must travel to LMU's main campus and complete two elective MBA courses offered at LMU's College of Business Administration. These two electives must be related to the MBA's existing Entrepreneurship Program and are subject to the approval of the Concentration Faculty Advisor and the professor teaching the course. As a matter of existing LLS policy, for students to receive full law school credit for the two MBA courses, LLS students must complete all of the requirements for the Entrepreneurship Concentration (i.e., failure to complete both MBA courses will result in the awarding of no law school credit for the completed MBA course).
Courses that may be taken as electives include, but are not limited to, the following list. Some of these courses are offered more frequently than others and exact titles may vary from semester to semester. If you are considering the Entrepreneurship concentration, you should schedule a time to meet with the Concentration Faculty Advisor to plan your curriculum.
- Entrepreneurial and Small Business Marketing
- Business Incubation
- New Product Design and Development
- Competitive Marketing Strategies
- Product and Brand Management
- International Entrepreneurship
- Strategies for Technology Ventures
- Entrepreneurial Finance (typically offered in the summer)
- Social Entrepreneurship
- Strategies for Managing New and Growing Ventures
Based on our discussion with members of the MBA faculty, we are confident that there will be a sufficient number of approved MBA courses offered each semester for our law students to be able to complete the required two electives at the College of Business Administration. In addition, the Concentration Faculty Advisor will monitor the MBA course catalogue and suggest courses that should be added or deleted as appropriate.
Students must complete the capstone course, "Business Planning: Financing the Start-Up and Venture Capital Financing." This course allows students to understand the lawyer's role in planning and completing business transactions on behalf of start-up businesses by taking a "client" (i.e., an entrepreneur) through a "simulated deal" (i.e., a capital raising transaction for the new business "client"). Use of this simulated deal format acquaints students with the legal, ethical and business issues that confront the transactional lawyer in representing an early stage growth company.
Students are also encouraged to consider other experiential offerings related to the practice of corporate law, through internships and externships. In addition to academic advising, students enrolled in the Entrepreneurship Concentration will be invited to unique networking opportunities and offered career guidance.