JD/Business Transactions

Description

JD students may concurrently enroll in the LL.M. Concentration in Business Transactions program.  The program is an interactive online, 24-credit-hour program designed to train students to serve the needs of clients throughout the life cycle of a business venture beginning with formation and choice of business entity, then addressing financing in the growth phase, possible reorganizations and mergers as the business matures, and then finally the law effecting recession and dissolution.

JD students can earn a JD and an LL.M. degree at the same time by attending summer school following their second year of law school.  With careful planning, students can avoid taking courses the second summer after graduation.  The LL.M. tuition rate will apply to any courses taken after JD graduation.

Degree Requirements

JD students must complete all JD graduation requirements including 90 credit hours. The LL.M. requires 24 credit hours 15 of which may count toward the JD degree. JD/LL.M. students must take the following required 15 credit hours of courses.

Fall
Advanced Business Entities (2 hours)
(Plus recommended Intro to Accounting- 1 hour)
Accounting for Lawyers (2 hours)

Spring
Securities Regulation (2 hours)
Intellectual Property (3 hours)

Summer
Mergers and Acquisitions (2 hours)

Plus *Transactional Drafting (2 hours) and

either Business Planning or *Corporate Law: Special Problems in Representing Small Business

*These two courses are JD courses offered in the building but applied to the LL.M. degree.

 

Here is a sample schedule of your last year.

Fall
Personal Income Tax (2 hours)
Capital Transactions (3 hours)

Spring
Corporate Tax (3 hours)

Application of JD Credits to the LL.M. Degree

With approval from the Dan Powell, Associate Dean for Graduate Law Programs, up to 6 hours (3 courses at 2 hours each even if the JD course is 3 hours) of certain JD courses may be applied to the LL.M. degree. You must take the JD version of Transactional Drafting in the building and you must take either the online LL.M. Business Planning course or the JD course, Special Problems in Representing Small Business in the building. Two hours of each of the JD courses will be applied to the LL.M. degree. So students will have another 2 or 4 hours of JD electives they can apply to the LL.M. degree.

615      Business Ethics Seminar
631      Workplace Law
645      Business Organizations
684      Antitrust
685      Business Planning
697      Workers’ Compensation
703      Corporate Mergers and Acquisitions
709      Securities Regulation
721      Employment Discrimination Law
722      Copyright Law
724      Banking Law
727      Bankruptcy
732      Employee Benefits
737      Business Bankruptcy
740      Employment Law Drafting
748      Corporate Law, Problems in
748      Corporate Law, Special Problems: Intro to Corporate Finance
748      Special Problems, Corporate Law: Comparative Law and Economics Seminar
748      Corporate Law, Special Problems in: A Merger Transaction
748      Corporate Law, Special Problems: Advanced Contracts Seminar
748      Corporate Law, Special Problems in: Representing Small Businesses
748      Special Problems in Corporate Law-Offshore Financial Transactions (Cayman Islands)
752      Trademarks and Unfair Competition
758      Unincorporated Business Entities
765      Corporate Finance
777      Bankruptcy Litigation
816      Transactional Drafting
835      Patent Law

Students may also select from electives the online LL.M. Tax Program or from the select list of JD tax law electives. See https://www.law.ua.edu/academics/jd-tax/

 

Application of LL.M. Credits to your JD Program

Students working on both degrees should also make sure to earn the 90 hours required for the JD degree. Subject to the approval of  Grace Lee, the Associate Dean for Academic Affairs, students may apply up to 15 credit hours of  the online (LL.M.) courses toward their JD degree.  Students may not enroll in distance education courses until they have completed 28 JD credit hours. JD students must complete all other JD graduation requirements.
Prerequisites/Grades

Prerequisites in the LL.M. program apply only to LL.M. courses. JD business law course prerequisites apply only to JD courses.  The JD program requires students to maintain a cumulative GPA of at least a 2.33(See JD academic standards in the Student Handbook.) The LL.M. program requires students to maintain a cumulative grade point average of at least 3.00 in courses applied to that degree. Grades in LL.M. courses do not affect the JD grade point average or class ranking.

How to Apply

JD students are automatically admitted to the LL.M. program but, as a condition of that admittance, must meet with both Daniel Powell, the Associate Dean for Graduate Law Programs (dpowell@law.ua.edu) and Grace Lee, the Associate Dean for Academic Affairs (glee@law.ua.edu).

In preparation for these meetings, please draft a preliminary plan of  JD and LL.M. courses you plan to take in your second and third year in Law School. You will find the LL.M. schedule of courses here.