Law + Business
Nebraska Law has a robust Law + Business program that prepares students for a variety of careers using their legal and business knowledge. In addition to the traditional range of business law classes, we offer business-related programs of concentrated study, business-related programming for students who will use their law-school training to pursue careers in business, and fellowships and capstone opportunities that give students the opportunity to apply and improve their Law + Business knowledge before graduation. At Nebraska Law, we realize that Law + Business careers are not one-size-fits-all, and your legal education should not be either.
“The skills you develop during law school serve as a sound foundation for a successful and rewarding business career. The ability to analyze risk, which is something you learn as part of your legal education, will help business-minded individuals look at risk realistically.”
Jeffrey B. KadavyTrail Ridge Wealth Management
Class of 2002
“Young lawyers who understand business concepts will bring infinitely more value in a board meeting setting because they can speak the language of business. The ability to read and analyze financial statements is particularly important. You will need to understand how the business makes money, and be able to identify the key factors that influence the bottom line.”
James WarrenNebco, Inc.
Class of 2003
“A law degree provides an immense amount of professional flexibility. The law school experience teaches you to be independent, to think and analyze complex topics and most important, how to teach yourself new concepts well in to the future. In today’s environment, regardless of industry, you must adapt to change rapidly in order to stay relevant. The mental training and toughness that law school helps you achieve is unparalleled and is critical to the success of any business executive.”
Class of 2006
Law + Business Careers
The Law + Business program is built on our recognition that our graduates will pursue these different paths and our desire to develop lawyers with the skills that will allow them to succeed in doing so.
- Transactional Lawyers: Transactional lawyers advise clients on the legal implications of their business practices. They handle a wide array of tasks, including drafting and negotiating agreements, advising corporate boards, structuring business transactions, and helping clients to comply with government regulations. Some transactional lawyers work in law firms and others work “in house” within the legal departments of businesses themselves.
- Careers in Business: The study of law is a challenging academic discipline with wide-ranging benefits, and many of our law students also use their legal training to pursue careers in business rather than in law. That includes careers as business managers, bankers, financial planners, and entrepreneurs, among others. The skills developed in law school are highly valuable in many fields.
- Law Firm Owners: Many law students who are not interested in business will nevertheless be required to understand the law regarding businesses and business operations because they will choose to open their own law firms or join established law firms and become partners or shareholders.
Law + Business Curriculum
CoursesAccounting for Lawyers
Antitrust & Trade Regulation
Corporate Mergers & Acquisitions
Individual Income Taxation
International Business Transactions
International Trade Law
Introduction to Compliance
Real Estate Transactions
Sales and Leases
Space and Satellite Business Law
Programs of Concentrated Study
In addition to its course offerings, Nebraska Law offers specialized programs of concentrated study through which students can obtain a special certification in their area of emphasis. For students interested in business law, we offer the Business Transactions Program of Concentrated Study. Students can also structure their own program of concentrated study under the supervision of a faculty member.
Joint Degree Programs
Nebraska Law offers several joint degree programs, including a joint J.D. and Masters in Business Administration and a joint J.D. and Masters in Public Accountancy. Pursuit of a dual degree typically results in a course of study that is shorter than if the degrees were completed separately. Admission criteria and curriculum requirements vary by program.
Capstone: Business Planning
Business Planning is a semester-long course that introduces students to the process of planning business transactions. Students in Business Planning work on the practical skills that are required to help clients solve the legal and business problems that are involved in the formation, incorporation, restructuring, and disposition of a business. Students work in teams over the course of the semester to evaluate those business problems using insights from many fields, including corporate law, partnership and LLC law, securities regulation, antitrust law, individual income tax, corporate tax, and partnership tax.
Capstone: Weibling Entrepreneurship Clinic
As one of Nebraska Law’s clinical programs, the Weibling Entrepreneurship Clinic serves as a capstone experience for law students interested in the practice of transactional law. Students will have all the responsibilities incumbent upon attorneys in a small law firm practice, which includes direct client advice and communications, legal research and writing, management of multiple clients and legal matters, and active engagement in the entrepreneurship community.
The Law + Business Fellowship Program provides students with paid internships at successful businesses during the summer between students’ first and second years of law school. Students who are selected for these fellowships spend approximately half of their summer working on legal issues for the Fellowship sponsors and the other half of their summer working on business issues. This structure allows students the opportunity to see how Law + Business works from both the legal and business sides of an enterprise, and provides them with an invaluable experience that can help inform their career choices.