The Center for Law, Entrepreneurship and Innovation at Villanova University School of Law was created to transform the educational experience of Villanova law students by providing them with the knowledge and skills in the areas of business and law, which are critical for lawyers practicing in today’s highly competitive market. The Center serves as a resource where students can gain this wide-ranging experience through experiential learning and case study programming as well as innovative curriculum offerings. The Center also aims to be a thought leader on laws and public policies affecting new business formation and social innovation.
Welcome to the Center for Law, Entrepreneurship and Innovation at Villanova University School of Law. It is my great privilege to serve as the inaugural Director of the Center. As a practicing attorney for more than 25 years, I look forward to working with Villanova students, legal practitioners and entrepreneur during this exciting and innovative time. I am grateful for the generous gift of Charles Widger ’73, founder and executive chairman of Brinker Capital, and his wife, Barbara, which provided initial funding for this Center.
Whether interested in corporate, criminal or public interest law, legal graduates of the 21st-century must have a more sophisticated, hands-on approach to both the legal industry and to the business practices of their future clients. At Villanova, we are introducing curricular innovations and new programming that infuse these vital business principles into the core of legal education.
I invite you to learn more about the Center and its programs throughout this page. I look forward to meeting you at the Center, electronically or in person.
Director, Center for Law, Entrepreneurship and Innovation
Villanova University School of Law
By partnering with industry experts and leading law firms, Villanova Law designed two innovative courses that directly align with the demands of professional practice. The “Business and Financial Literacy for Lawyers” Module (for 1L students) and the “Business Aspects of Law” (for 2L and 3L students) are mandatory for the Class of 2016 and beyond.
Business and Financial Literacy for Lawyers
Business skills and financial literacy are vital to the success of new lawyers in today’s legal market. Crafted and presented in consultation with business and financial leaders, including Reuben Advani of BarBri, this module introduces law students to critical business and finance concepts. Beyond learning to read a financial statement, this course allows students to exercise creative problem solving, strategic thinking and professional judgment, and learn to work effectively with colleagues and senior attorneys. Students put these new concepts into practice as they work through real-life legal scenarios—the purchase of income-producing real estate and the sale and purchase of a business—to identify and better understand the business and financial issues faced by practicing lawyers.
This year’s lecturers included Joseph Del Raso ’83 and James Jumper, of Pepper Hamilton; Stanley Milavec, Judy Wang Mayer ’07 and Doug Coopersmith ’74, of Buchanan Ingersoll & Rooney; Michael Trachtman ’74 and Eric Wilenzik, of Powell Trachtman; and Samuel Becker ’78 and Kevin Baum ’97, of Blank Rome.
Business Aspects of Law
As the legal industry continues to evolve, understanding the business of practicing law has never been more important. The structure, personnel and economics of a law firm, and how to properly manage legal projects are all topics that today’s legal graduates must understand to be successful. This week-long course offers real-world lessons in the business of practicing law. Designed in consultation with legal management leaders with coursework tailored to what graduates need to know, this dynamic module covers topics such as legal management structures, ranging from the sole practitioner to large international firms; law firm personnel and their roles; revenue generation and overhead; and resource management for legal projects.
This year’s lecturers included Tony Licata and Colleen Nihill ’01, of Dechert LLP; Arthur Greenberg of Goodwin Procter LLP; Amy Schuh ’98 of Merck & Co.; Meredith Carter ’06 of Rembrandt IP Management; and Steve Sugarman of Steven L. Sugarman & Associates.
Rufus King is the initial Director of the Center for Law, Entrepreneurship and Innovation at Villanova University School of Law. Prior to his appointment in 2013, he was an equity partner in the Private Investment Funds Group at Goodwin Procter LLP in Boston, where he represented a broad range of finance clients, including venture capital and other private equity funds. He also advised high-tech companies, from inception through initial public offerings and public-to-public mergers. He was previously a Partner and Chief Financial Officer at Testa, Hurwitz & Thibeault in Boston.
Mr. King received his A.B., summa cum laude, from Dartmouth College, his B.Phil. from the University of Oxford, and his J.D. cum laude from Harvard Law School. He has been a frequent lecturer on private equity and venture capital funds, including at Harvard, Dartmouth and MIT.
Mr. King is also a Lecturer in Law at Villanova University School of Law and teaches the Business Aspects of Law module.
Getting Started/Legal Documents
Founders Workbench - http://www.foundersworkbench.com
Model Venture Capital Financing Documents at nvca.org
MoneyTree Report -http://www.pwc.com/us/en/technology/moneytree.jhtml
Fenwick & West’s Silicon Valley Venture Capital Survey -http://www.fenwick.com/publications/pages/silicon-valley-venture-survey-second-quarter-2013.aspx
National Venture Capital Association - http://www.nvca.org
U.S. Small Business Administration - http://www.sba.gov
Ben Franklin Technology Partners - http://benfranklin.org
Stanford Social Innovation Review - http://www.ssireview.org
Legal Information Institute: Non-Profit Organizations: An Overview -http://www.law.cornell.edu/wex/non-profit_organizations
February 13, 2014:
Villanova University School of Law’s Center for Law, Entrepreneurship and Innovation is hosting a lecture entitled “How the Nation’s Largest Catholic Healthcare System Invests in Innovation” on Thursday, February 13 from noon to 1 p.m. in Room 203. Join us for an interactive session with seasoned venture capitalist, Matt Hermann, who will discuss his experiences in a field where medical innovation intersects with the venture capital market and the Catholic healing mission. Read More
January 21, 2014:
Villanova University School of Law announces significant changes for the law school in 2014 that radically transform the curriculum to provide students with both the academic and practical skills needed to succeed in today’s highly competitive market, and that make law school more affordable by implementing a new “Innovation Scholars” program for academically eligible students. Read More
June 12, 2013:
Villanova University School of Law Professor Michael Risch was quoted in a Wall Street Journal’s Law Blog post about President Barack Obama’s plan to take executive action against so-called “patent trolls.” An intellectual property expert, Professor Risch has written extensively on the topic with his article, “Patent Troll Myths,” cited often. Read More
In celebration of the new Center for Law, Entrepreneurship and Innovation, Villanova is launching a new “Innovation Scholars” program, funding up to 50 full scholarships for the incoming class of fall 2014. “Innovation Scholars” will receive full-tuition for all three years of study.
Visit the Innovations Scholars page for eligibility requirements and information on how to apply.
Center for Law, Entrepreneurship and Innovation
Villanova University School of Law
299 North Spring Mill Road
Villanova, PA 19085 USA
Director of the Center for Law, Entrepreneurship and Innovation