The Business Law Concentration (BLC) is a competitive program designed to ensure that enrolled students have (1) a strong foundation in the fundamentals of business law; and (2) the skills necessary to successfully begin a career in business law. The six courses that constitute the core curriculum—Business Organizations, Corporate Finance, Securities Regulation, Accounting for Lawyers, Introduction to Federal Taxation, and Survey of Business Tax—lay the groundwork for students to master more specialized corporate law offerings in areas such as mergers and acquisitions, investment management, and securities litigation.
BLC students will then put their legal knowledge to work in the “real world” in each of their 2L and 3L years, through an externship in a variety of field placements and by representing actual clients in the Law School’s Law and Entrepreneurship Clinic. BLC students continue to refine their writing and analytical skills through several required advanced writing classes that are focused on business law, such as Business Planning.
The BLC would be helpful for students interested in careers in all areas of corporate law, including corporate governance, mergers and acquisitions, capital formation (public and private securities offerings), restructuring and bankruptcy, investment management, securities enforcement and litigation, and shareholder actions.
Students in the Business Law Concentration are required to take the following six core courses:
- Business Organizations (4 credits) (must be taken in Fall of 2L year)
- Securities Regulation (4 credits)
- Corporate Finance (3 credits) (must be taken in Spring of 2L year)
- Accounting for Lawyers (3 credits)
- This requirement is waived for students who have taken more than two accounting courses in their undergraduate course of study.
- Introduction to Federal Taxation (3 credits) (must be taken in Fall of 2L year)
- Survey of Business Taxation (2 credits) (must be taken in Spring of 2L year)
Required Writing Courses:
- Legal Writing 3 (2 credits): Students are required to take Legal Writing 3 - Transactional Writing Skills
- BLC students who join the Moot Court Board may instead take Legal Writing 3 - Litigation
- Practical Writing Requirement (3 credits): Students are required to satisfy the Practical Writing Requirement by taking Business Planning in the Fall of 3L year, which is a capstone course for the Business Law Concentration
Experiential Learning Requirement:
- Students are required to have a relevant externship (or enroll in the Law & Entrepreneurship Clinic) in each of the 2L year and the 3L year. At least six experiential credits are required for the concentration.
- Externship experience must be in an area relevant to business law. A relevant externship includes placements with organizations with which the Law School has a formal externship relationship, such as Pepper Hamilton (through the Law & Entrepreneurship externship) and Wawa. It also includes organizations that have traditionally placed Villanova students, but with which the Law School does not have a formal arrangement, such as the Securities and Exchange Commission. In addition, students can create their own externships with corporations, law firms, or appropriate government agencies.
- Please note that most judicial externships will not meet the Business Law Concentration requirement because they are not focused on business law. Exceptions would be clerkships with a federal bankruptcy judge, Delaware Chancery Court, or state or local business courts.
- An externship must be a minimum of three credits. You are permitted to participate in an externship that awards more than three credits. Most students will probably participate in an externship during the academic year, but you can also meet the requirement through a summer externship.
Financial Literacy Module Fellows:
3L students in the Business Law Concentration will be required to assist the Module's practicing attorney faculty in the administration of the 1L Financial Literacy Module. As "Financial Literacy Module Fellows," the 3L students will help the 1L students work through the "Deal Week" problems. BLC students will receive one credit for their work as Fellows.
Upon acceptance into the concentration, each student will be assigned an alumni mentor in the business law area.
For more guidance, take a look at this sample schedule for a student in the Business Law Concentration.
Students will apply for seats in the BLC during their second semester of the 1L year. The deadline will be one month before course registration, which will give the faculty advisor sufficient time to review applications.
Students will submit a letter of interest, articulating their interest in a career in business law, as well as a transcript showing their first semester grades, to the faculty advisor of the BLC. In addition, the faculty advisor may choose to personally interview applicants. The selection of students into the BLC will be made by the faculty advisor.