Wednesday, July 24, 2019
What Are Some Different Approaches to Teaching Transactional Lawyering Skills? Building Business and Financial Literacy in Law Students by Mary Ann Robinson
Good transactional lawyers understand the deal, not just the law. This article describes the one-credit Business & Financial Literacy Module developed at Villanova University Charles Widger School of Law to help 1L students get comfortable with the numbers behind the deal. This required course begins with an overview of basic financial literacy concepts, including how to read a financial statement and how to value a business, and culminates with teams of students negotiating a deal and creating term sheets for their clients, all under the guidance and supervision of experienced practitioners. This article describes the substance covered and the structure of the course, outlines the lessons learned about creating such a course (what has worked well and what is less effective), and demonstrates how to apply some of the concepts by reviewing part of the problem used in the course.