• Germany's news in English
 
Presented by Bucerius Law School
Raising the bar for law & business in Germany
Graduates: Shutterstock.

Raising the bar for law & business in Germany

The Local · 28 Apr 2014, 19:20

Published: 28 Apr 2014 19:20 GMT+02:00

With top international corporations demanding more than ever from new recruits, in terms of practical as well as academic excellence, the need to adapt accordingly has been passed onto business and law schools to provide graduates with the skills and knowledge necessary to succeed.

With this in mind, Clifford Larsen, Dean of the Master of Law and Business Program (LLM/MLB) at Bucerius in Hamburg, Germany’s top ranked law school, designed a program to bring together lawyers and business people.

“Time and time again over many years in practice and in academe, I have observed that lawyers desperately need business skills in order to be able to advise clients properly and to gain a comparative advantage over their peers. Similarly, businesspeople, in order to maximize their chances of success, need some knowledge of the legal system as well,” Larsen told The Local.

The resulting Bucerius program offers two degrees: the Master of Law and Business (MLB), open to both businesspeople and lawyers, which emphasizes the law-business combination, and the Law and Business degree (LLM), in which a student with a first law degree can focus somewhat more on legal issues, while still obtaining important business skills.

The unique LLM /MLB curriculum, now in its ninth year, is based on three fundamental principles: it is interdisciplinary, international and career-oriented.

“You learn most when you have a curriculum that intertwines the two disciplines not only academically, but also through the student body. Students can thereby learn not only from their professors, but also from each other,” said Larsen

He added that bringing together different nationalities also helps – over 80 countries have been represented since the program was first introduced.

The spine of the curriculum sees the students follow the life-cycle of a business enterprise and pursue both the legal and business aspects of its development, from start to finish.

After the orientation program and introduction modules help get the lawyers and businesspeople up to speed, the students focus for several months on the “life-cycle” of a business enterprise, from both a legal and business perspective.

They learn about creating an entrepreneurial idea, deciding what legal form a new enterprise should take, and how to finance the new enterprise. Students then follow the development of that enterprise, perhaps to a listing on a stock exchange or to an internationalization of its activities.

“The Program requires that students, both lawyers and businesspeople, get their hands dirty with the real-life, practical legal and business aspects of an enterprise. Our goal in the first part of the Program is to give students a wide range of perspectives on the development of an enterprise, before students take their elective modules," said Larsen.

These elective modules allow students to deepen their knowledge in additional areas of law and business, such as Mergers & Acquisitions, Corporate Finance, International Arbitration, Corporate Restructuring, and others.

In addition, the Program focuses on the “soft skills that employers repeatedly indicate that they find lacking in candidates for top positions. These skills include negotiation techniques, presentation skills and inter-cultural training, all of which are particularly important for professionals working internationally.

A business and legal Ethics course, as well as a Program social project, which can involve helping the homeless in Hamburg or mentoring underprivileged students, are designed to prepare the students for other types of challenges they may face in their careers.

Blending different facets of academic and professional life is a recurring theme throughout the entire program.

“Our teaching staff consists of a good mix of both professors as well as practitioners from major international corporations, law firms, and international governmental organizations.

"Representatives of start-up enterprises also teach within the Program,” said Larsen,  who added that the students enjoy this diversity of perspective and find it helpful to them when pursuing their own careers.

Students also take part in a mandatory internship program, thus giving them practical experience and exposing them to business and legal professional environments, both within Germany and beyond.

Program students benefit from Bucerius’ strong international reputation, especially when pursuing career opportunities after the Program. Future employers, from start-ups to global corporations, trust the high calibre of training their new recruits will have received and the close attention they have been offered in groups of only some 40-50 students per year.

Bearing in mind the Program’s fine facilities and central location in one of Germany’s most thriving cities, it is little surprise that many graduates tend to look for careers close by, rather than heading straight home.

In some senses, the globalization of the professional jobs market theoretically makes it easier to find the right career these days. But one of the very first lessons any business or law student will learn is that it helps to have an edge, something that sets you apart.

A Master of Law and Business or LLM from one of Europe’s top educational institutions is a very good place to start.

This article was produced by The Local and sponsored by Bucerius Law School

* Bucerius Law School website in English

 

For more news from Germany, join us on Facebook and Twitter.

The Local (news@thelocal.de)

Today's headlines
German court: Ban on refugee demos must stay
Anti-refugee demonstrators carry a sign accusing Chancellor Angela Merkel of being a "traitor to the nation" this week in Heidenau. Photo: DPA

German court: Ban on refugee demos must stay

1 day ago

Update: A German court on Friday night reinstated a ban on rallies in an eastern town hit by violent anti-migrant protests, overturning an earlier decision that found the restriction to be "illegal".

Footballers gone wild
Neuer's 'glass palace' angers idyllic village
Tegernsee is a famous beauty sport. Photo: DPA

Neuer's 'glass palace' angers idyllic village

1 day ago

Villagers in the picturesque Bavarian region of Tegernsee are bristling at World Cup-winning Germany goalkeeper and Bayern Munich star Manuel Neuer's plan to build a huge glass villa on the shores of their beautiful lake.

Interview
'Berlin is kind of like the best American city'
Canadian composer and performer Owen Pallett. Photo: Brian Vu

'Berlin is kind of like the best American city'

1 day ago

The Local speaks with Oscar-nominated Canadian musician Owen Pallett about performing at legendary Berlin club Berghain - and just why the world's artists are so fascinated with the German capital.

Germany name squad for crunch Scotland match
Liverpool's Emre can has been called up to the Germany squad to face Scotland and Poland. Photo: DPA

Germany name squad for crunch Scotland match

1 day ago

Liverpool's uncapped defender Emre Can was on Friday called up to the Germany squad for the world champions' forthcoming key Euro 2016 qualifiers against Poland and Scotland.

How Brits in Germany are facing Brexit fears
How will life for Brits in Germany change if the Brexit happens? Photo: DPA

How Brits in Germany are facing Brexit fears

1 day ago

Greece is the talk of the town this year. But in 2016, it will be Britain questioning its EU membership. The referendum outcome could be life altering for many Brits living in Germany.

Honest senior rewarded for handing in €12,000
An 87-year-old pensioner found the cash in the bin. Photo: DPA

Honest senior rewarded for handing in €12,000

1 day ago

After throwing away €12,000 this week, a landlord in North Rhine-Westfalia thought he'd made one of the most expensive blunders of his life. But the money made it home safely, police said on Friday – and all thanks to an honest pensioner.

Elite cops' hazing ritual: eat ice cream off thighs
A Cologne SEK unit on deployment in 2013. Photo: DPA

Elite cops' hazing ritual: eat ice cream off thighs

1 day ago

Officers from Cologne's elite Spezialeinsatzkommando (SEK) police unit should be punished for hazing practices they inflicted on new members, an official in North Rhine-Westphalia (NRW) said on Thursday.

Knut autopsy could help human disease sufferers
Knut died in front of visitors at Berlin Zoo in 2011. Photo: DPA

Knut autopsy could help human disease sufferers

1 day ago

Four years after Berlin's celebrity polar bear Knut died, a neuroscientist has discovered the cause of death - an autoimmune disorder which affected his brain.

Army buys in new guns to replace defective G36
A German soldier armed with a G36 rifle during training exercises in Poland. Photo: DPA

Army buys in new guns to replace defective G36

1 day ago

Some German soldiers will be carrying different weapons within a year as the Defence Ministry scrambles to replace standard rifle which loses accuracy under hot temperatures.

Climate change
Sweltering summer has climatologists sweating
Dried out soil in Bavaria. Photo: DPA

Sweltering summer has climatologists sweating

1 day ago

Heat over 40 degrees, weeks without rain, sudden storms and flash floods – in the summer of 2015 Germany experienced all these things. Are these extremes set to become the norm?

RECEIVE OUR NEWSLETTER AND ALERTS

National
Weekend of anti-refugee violence shocks Germany
National
Half of Germans 'have had sex in their car'
Society
Deadly stew spooks home vegetable gardeners
Politics
The man who brought two Germanies together
Features
Where to get your culture fix in Cologne
Education
Fairytale world of Brothers Grimm brought to life
Rhineland
Thieves leave 1,000 open beers untasted
National
Way to some Germans' hearts is through their wallets
National
Germany's biggest challenge: European refugee crisis
Travel
Where to get your adrenaline pumping in Germany
Technology
Could thieves hack into luxury cars?
What to watch out for when snapping your lunch
National
German lefties through history
National
The fight over prostitution heats up
National
Merkel: migrants, not Greece, are the real challenge
Features
How I explained the Queen to the Germans
Education
Why Germany does 'back-to-school' traditions better
National
Germans are ‘not how foreigners think’
National
A mum and daughter reunite 70 years after WWII
Sport
Bra stops bullet in hunting mishap miracle
National
Cows trample German woman to death in Graubünden Alps
Business & Money
Start-up helps new Berliners short cut bureaucracy
National
The 1,000s of Germans massacred after the Second World War
Sport
Germany star scores own goal with PR gaffe
Features
'Women-only' parking: sensible or sexist?
Politics
Satire and reality blur in parody party's strife
National
13-year-old boy detained for trying to join Isis
Culture
Berlin restaurant serves up Greek Crisis Menu
Rhineland
Doctor on trial after woman wakes in morgue
Society
Six odd things Germans do in the summer
Society
Police bust kinky Bavarian couple over painful love-making
Politics
Merkel brings Palestinian girl to tears
Hamburg
Amateur archaeologist finds Nazi gold hoard
National
Could Merkel learn a lesson in love from this doppelganger?
Travel
Why you should stay in Germany for the summer holidays
Sport
German press tell Schweinsteiger 'good riddance'
National
Hamburg gets a bouncing 100kg baby girl
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

7,089
jobs available
Toytown Germany
Germany's English-speaking crowd