Wednesday, September 12, 2012
The clinic will match law students seeking to develop transactional skills with students from the university's business school who are interested in launching their own companies. As this article from Law.com notes, it sounds like a win-win for all involved.
The University of Virginia School of Law's new Transactional Law Clinic is intended as a win-win for participating law and business students.
The business students will receive free legal advice on their start-up ventures, while the law students gain experience advising clients about the myriad legal issues that come with starting a business. Those skills are tough to develop by reading case law, said clinic director Russell Schundler.
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The clinic will pair six law students with 12 business students who are launching companies through the Darden Business Incubator, a program of the university's Darden School of Business. Under Schundler's supervision, the law students will offer advice about everything from incorporation and contracts to intellectual property and regulations.
The law students will spend the spring advising their clients, who will spend the next summer getting their companies off the ground.
UVA looked at similar clinics at Stanford Law School and Yale Law School, but the pairing of student lawyers and entrepreneurs is unusual, according to Schundler. The law school ran a pilot program last year and decided to formalize it as a clinic.
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