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JD/MBA Capstone 1: Initial Capital Raise (Pierce)
Fall 2020   LAW 988-001  

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Meeting Times/Location
TBA TBA
This course meets during a special session:
(10/02/20 - 10/03/20)

Faculty
Sarah Pierce

Associate Dean for Legal Practice Skills

pierce3@law.upenn.edu
Additional Information
Experiential Course

Yes

Skills Training
Oral Presentations
Team Projects
Drafting Legal Documents
Other Professional Skills:

Grading
100% Other (Pass/Fail)

Satisfies Senior Writing Requirement

No

Location

Class meets in person.

Category
Seminar

Credits
1.5

JD/MBA Capstone One, Entrepreneurship and Initial Capital Raise Course Description

The JD/MBA capstone course is required for graduation. The course will be an experiential, hands-on model that tracks a company through several transactions: initial capital raise, exit/M&A, and restructuring. Through a series of two-day sessions (each with either a preparatory class before or a review class after) working with industry leaders, advisors, and/or faculty, students will run aspects of each simulated transaction (e.g., capital raise, exit, restructuring) including strategy development, transaction document drafting, client/Board advising, and negotiating during each two-day session.

Each of the three sessions (including the mandatory pre- or post-simulation classes) will provide 1.5 Law credits. A total of 3.0 credits (over the course of this final program year) is required to satisfy the program’s Capstone requirement. Accordingly, students are required to participate in two sessions, although students may (but are not required to) participate in all three (for a total of 4.5 Law credits). The Capstone course no longer satisfies the Law School’s Senior Writing Requirement, but will count toward the Law School experiential learning requirements.

The proposed dates for each of the three capstone sessions are noted below. Students intending to participate in only the two Spring sessions and not the Fall session need not register for the Capstone course for the Fall semester, but should advise Sarah Pierce and Claire Wallace of that intention when registering for Fall classes.

As you all are likely aware, the University, Law, and Wharton calendars are all subject to change given the ongoing pandemic and, accordingly, these dates and the format (in-person or virtual) may need to change as well as the situation develops. For example, I provide two possible dates for the Capstone Session One below—the earlier date presently conflicts with Wharton Fall Break, but would be preferable in the event Wharton Fall Break moves or is canceled as it may be more likely we can hold the session in-person earlier in the Fall. Additionally, we hope to hold each of the two-day sessions in-person if possible, but that is yet to be determined. If we are able to hold the sessions in-person, guests may or may not be able to attend in-person, and as students, you may still elect to participate remotely if you choose. We truly appreciate your flexibility here in this period of uncertainty!

Capstone Session One, Initial Capital Raise: Two-Day Session November 6-7, 2020 (all-day, Law School); Review Class November 11, 2020 from 6:30-9:30 p.m. (Law School, potentially virtually), or (if Wharton Fall Break moves) Two-Day Session October 2-3, 2020 (all-day, Law School); Review Class October 7, 2020 from 6:30-9:30 p.m. (Law School, potentially virtually)

Capstone Session Two, Exit/M&A: Preparatory Class January 27, 2021 (Law School, potentially virtually); Two-Day Session January 29-30, 2021 (Law School, potentially virtually) Capstone Session Three, Restructuring: Preparatory Class April 7, 2021 from 6:30-9:30 p.m. (Law School, potentially virtually); Two-Day Session April 9-10, 2021 (Law School, potentially virtually)

Course Concentrations

Business and Corporate Law Learning outcomes: Demonstrate a core understanding of business and corporate law; Perform legal analysis in the context of business and corporate law; Communicate effectively on topics related to business and corporate law; Demonstrate an understanding of the interconnection between the world of business and finance and that of business and corporate law, and how they affect other areas of law and society.

Skills Learning outcomes: Demonstrate an understanding of the individual course skill; Demonstrate the ability to receive and implement feedback; Demonstrate an understanding of how and when the individual course skill is employed in practice.


Textbooks

"Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist " by Brad Feld, Jason Mendelson
Edition: 4 edition (8/27/19)
Publisher: Wiley
ISBN: 9781119594826
Required