The MSL curriculum is new, innovative, engaging, and completely distinctive – there’s nothing like it out there. The curriculum was developed with substantive input from leaders in the legal, business, regulatory, and entrepreneurship communities, and it thus has a very practical and real-world focus. All MSL classes were developed specifically for this program, and for this particular population of students. That means that the classes focus on what STEM professionals need to know to develop their skills and to have productive careers at the intersection of law, business, technology and/or science.
The MSL curriculum includes a set of required, foundational classes, and a rich collection of electives.
The required courses are designed to provide students with a foundational understanding of the legal system, the basic structure of business, and the regulatory process; they include subjects that every professional in this area should understand. These courses will impart a theoretical framework on which students can build with the elective part of the curriculum.
The elective part of the MSL curriculum clusters in three main areas: intellectual property and patent design; business law and entrepreneurship; and regulatory analysis and strategy. While these subject areas help organize the curriculum, they are not formal concentrations or majors. Students in the MSL program have the option of focusing on one area or mixing and matching classes from all of the areas. Most students – even those with a strong interest in one of the curricular areas – end up taking a variety of classes from all three of the curricular areas.
Classes in this area educate students about intellectual property and patents. Students learn about patenting inventions, managing a patent portfolio, assessing patent eligibility, patent preparation and prosecution, intellectual property litigation, serving as an expert witness on patent/IP subjects, and global intellectual property issues. In addition, the technical and conceptual design of patents and patent portfolios as strategic business and legal choices are addressed through courses that cover such subjects as intellectual property transactions, licensing agreements, patent valuation, and intellectual property management and strategy.
Elective Courses in the IP and Patent Area (2014-2015)
Commercial Finance & IP
International & Comparative IP
IP & Legal Research
IP Licensing & Transactions
IP Strategy & Management
Monetizing Patents: Fundamentals of Patent Assertion
Patent Preparation & Prosecution
Patent Trolls: Business Risk & Opportunity
Public & Private Markets in IP
Classes in this area teach students about the legal aspects of business transactions and business formation, and expose them to various subjects they will encounter in the business world, such as mergers and acquisitions, employment law, business strategy, commercial finance, venture capital, and antitrust. Courses also focus on business and entrepreneurial skills, including negotiations, communications, decision-making, leadership, and quantitative skills. Various aspects of the commercialization process – the issues and opportunities involved in bringing an idea from conception to market – are also addressed.
Elective Courses in the Business Law and Entrepreneurship Area (2014-2015)
Business Combinations & Antitrust
Business Strategy & Frameworks
Commercial Finance & IP
Corporate Criminal Law
Dispute Resolution Processes
Entrepreneurial Finance & Venture Capital
Entrepreneurship Lab, Parts I & II
Expert Witness Workshop
Litigation Operations & eDiscovery
Negotiation Skills & Strategies
Statistics & Probability
Classes in this area focus on the process and structure of regulation, both in the U.S. and globally. Students learn to think strategically about regulatory processes and also how to navigate the regulatory environment. There is a particular focus in three different regulatory areas: health and medical regulation, technology and telecommunications regulation, and energy and environmental regulation. Classes also cover the process and substance of standard-setting – a form of private regulation. Emerging areas of technology and regulation – such as information privacy and security – are also covered.
Elective Courses in the Regulatory Area (2014-2015)
Digital Data & Information: Privacy, Security & Opportunity
Energy & Environment Regulation
Global Regulation & Compliance
Medical & Health Regulation
Regulatory Communication & Strategy
Technology & Telecommunications Regulation
In addition to these listed courses, MSL students have the opportunity to develop their skills with other curricular offerings. For example, a course offered occasionally in the program is Focus & Awareness: Strategies for Professional Excellence. MSL students also have the opportunity to participate in independent study projects, internships, and courses in other departments of the University, including the Kellogg School of Management and the McCormick School of Engineering and Applied Sciences. The NUvention entrepreneurship courses are also a popular choice.
MSL classes are very hands-on; all are taught with the goal of imparting practical skills and knowledge through active learning and teaching. In addition to covering important substantive areas, the classes are designed to develop students’ critical thinking, their communication skills, and their decision-making and problem-solving skills. Many classes use assignments that have a practical focus; individual and group projects are common. Many of the assessments used in the program require students to engage with real-world or simulated real-world situations; traditional issue-spotting and essay exams are less common. The MSL philosophy is that students learn more substance when that substance is situated in a real-world context.
For example, in the Entrepreneurship Lab, students work in teams to invent a real product that meets an unmet need in the biotech area. (The particular area may change each year.) Students then use the product they’ve developed to learn about the steps involved in commercializing their idea, focusing on intellectual property protection, prototyping, forming and naming a company, developing a regulatory strategy, business planning, market exploration, raising funding, investor pitching, etc. In the Patent Preparation & Prosecution class, students conduct invention disclosure sessions with university scientists and engineers, and then use the information to create a patent application for the invention. In the Entrepreneurial Finance & Venture Capital class, students prepare an executive summary and pitch to a VC firm. And in various other classes, substantive concepts are explored in the context of current and real world situations, such as the Sony hacking situation, the Google, Facebook & Snapchat cases, the GM Ignition Switch case, and the Deepwater Horizon disaster.