JD/MBA Capstone 3 (Pierce)
Faculty
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| Sarah Ellen Pierce Associate Dean for Legal Practice Skills pierce3@law.upenn.edu |
Additional Information
Experiential CourseYes
Skills Training
Oral Presentations
Team Projects
Drafting Legal Documents
Other Professional Skills:
Grading
100% Other (Pass/Fail)
No
Class meets in person.
Meeting Times/Location
TBA
TBA
Category
Seminar
Credits
1.5
Enrollment in this course is limited to JD/MBA candidates.
The JD/MBA capstone course is required for graduation for the JD/MBA 3-year candidates. The course will consist of experiential, hands-on “boot camps” that track a company through several transactions: start-up structuring/initial capital raise, exit/M&A, and restructuring. Through a series of two-day sessions (each with a preparatory class one week before and a review class one week after) working with industry leaders, advisors, and/or faculty, students will run aspects of each simulated transaction (e.g., start-up/capital raise, exit, restructuring) including strategy development, transaction document drafting, client/Board advising, and negotiating. Professor Sarah Pierce will be the lead faculty member for the course. Students will earn 1.5 Law credits for each of the three sessions (including the mandatory pre- and post-simulation classes) they complete. 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 will no longer satisfy the Law School’s Senior Writing requirement, but it will count toward the Law School’s 6-credit Experiential Learning requirement. Therefore, if you have not already satisfied the Senior Writing requirement, you will need to make arrangements to do so outside of the capstone course.
Capstone Session Three, Preparatory Class Wednesday, February 19 from 6:00-9:00 p.m. (Gittis 214 - Law School); Two-Day Session February 21 and February 22 (Silverman 240B - Law School)
This course is the third session in a series of sessions for the Carey JD/MBA Capstone requirement. Through the Capstone, we will track a company through its entire life cycle, from its initial creation and capital raise (Session One), to exit transaction—here, a public auction process (Session Two), to restructuring (Session Three).
The goal of this Session Three is to expose students to the process of negotiating a transaction on behalf of or with a company in financial (and potentially operational distress), focusing primarily on the key terms of the transaction(s) underlying a proposed plan of reorganization, including (i) valuation issues; (ii) feasibility; (iii) settlement of potential litigation; and (iv) other plan confirmation and related matters.
We will work from the initial framework of our spin-out venture following its acquisition by Alpha, and follow our company (NIT) post-acquisition as it navigates financial and regulatory issues contributing to its distress.
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.