The course will introduce students to the business aspects of the legal profession including the marketplace for legal services in today’s economy. The topics addressed will include: forms of law practice (including non-traditional alternatives), strategic planning, client development (marketing, client intake, conflicts), law office management, financial accounting, and risk management. Each student will create and present a business development and practice management plan. The goal of the course is to give each student a running start with a business development plan and specific strategies for developing their practice, regardless of the type of the substantive area or environment in which they choose to practice.
This course will help students to develop professional management skills and to develop a personal plan for developing the substantive knowledge; professional skills and business focus to create a fulfilling law practice (final paper). The course will focus on the economics of law practice, including forecasting demand for legal services and non-traditional alternatives; law practice; financial management; team dynamics and leadership; effectively communicating with clients, colleagues, other parties and tribunals; client development and service; and risk management. Assignments and simulations will demonstrate and model various skills. Each student will create a professional development plan based on their current thoughts about substantive areas of interest and the environment in which they may choose to practice. Course enrollment is limited to 3Ls.