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Subject: Law (Grad) (LAWS)
CRN: 23027
Lecture
Minneapolis: School Of Law 235
Requirements Met:
LLM US Law Elective
Lawyers need a basic familiarity with various fundamental financial and accounting concepts both to work with individual and organizational clients, to be responsible members of their law firms or legal services organizations, and to be prepared to provide meaningful service on non-profit boards and/or to their parishes and communities. This course provides an introduction to fundamental financial and accounting concepts associated with budgeting and net worth for individuals and income statements and balance sheets of for-profit and non-profit organizations (including law firms). It also provides a sufficient grounding in business structures to understand the different approaches to the “business structure” of a law firm or legal services organization while providing an introduction to the “business of law,” including incorporating pro bono into the law firm culture. Finally, it will provide an introduction to the purposes of business entities and the concept of corporate social responsibility. Prerequisites: LAWS 640 and LAWS 641.
1 Credits