Course Details

Law Firm Management and Economics

The goal of this course is to expose and sensitize students to the myriad of real-world considerations that will affect their legal careers, and to assist students in making informed career choices (including selection of law firm). This course is recommended for all students who want to have a better understanding of private law practice, with a special emphasis on law firms. Topics covered include current industry conditions and trends, associate recruitment, training and retention (from the perspective of the firm and the new lawyer, including interviewing tips and strategies), law firm culture, profitability and professionalism issues, law firm strategy, compensation, marketing, billing, clients, firm governance, diversity, partnership considerations, alternatives to firm practice, lifestyle and personal financial management issues, and commentary on law school education and the direction of the profession. The open-book final exam consists of one or more essay questions on overall course themes, and true/false questions on readings and lectures. Teaching Method: Case Studies, Class Participation, Discussion, Group Work, Lecture Evaluation Method: Attendance, Class Participation, Final Exam, Group Project

Catalog Number: BUSCOM 632
Practice Areas: Business, Corporate,Trans AreaLegal Skills Development
Additional Course Information: Open to First Year Students


Course History

Spring 2017
Title: Law Firm Management and Economics
Faculty: Lutz, Karl E. (courses | profile)
Section: 1     Credits: 3.0
Capacity: 65     Actual: 48

Fall 2014
Title: Law Firm Management and Economics
Faculty: Lutz, Karl E. (courses | profile)
Section: 1     Credits: 3.0
Capacity: 65     Actual: 41