How will the Law and Entrepreneurship LLM program enhance my career opportunities?
Whether domestically or internationally, entrepreneurs are at the forefront of creating economic opportunity and addressing pressing social challenges. Lawyers are critical to the success of entrepreneurial ventures, but it takes something special to work effectively in this space. The Law and Entrepreneurship LLM is designed to expose you to the tools and thinking you will need to build your career in this field — whether in a law firm, in-house with a company, or even as an entrepreneur yourself.
Entrepreneurial organizations are faced with myriad strategic, business, legal and regulatory issues. Lawyers working with such organizations need certain tools to help them negotiate these interconnected issues successfully. They also need the right mindset. The Law and Entrepreneurship LLM Program will help you to take the next step in your career through a carefully constructed course of study that integrates rigorous courses in business, finance, and intellectual property law with a series of challenging experiential courses, encouraging you to develop a deep understanding of the applicable substantive law, proficiency with critical professional skills, and experience working in the creative economy.
The program also will give you insight on the sector, and on yourself, that will help you set yourself apart. It will expose you to historical, comparative, and interdisciplinary perspectives on entrepreneurship, providing you with an opportunity to understand how the structure of the law can either facilitate or restrict innovation. And it will challenge you to explore your own potential for entrepreneurship.
Through this combination of theory, practice, reflection, and experience, the Law and Entrepreneurship LLM Program is designed to promote the next generation of leading entrepreneurial lawyers. We hope that you will be one of them.
How is the Law and Entrepreneurship LLM different from the JD/MBA that Duke Law offers?
The Law and Entrepreneurship LLM Program is an advanced legal studies program designed for students who want to be entrepreneurial lawyers. While it does provide students with a deep immersion in certain fields of business study, those areas will be covered from a lawyer’s perspective. We want our students to understand the business issues and the innovative mind, but this is not a business degree. All of the core courses in the program are taught by law faculty and are principally focused on helping you acquire a deeper understanding of the applicable substantive law and the professional skills needed to lawyer effectively in an entrepreneurial context.
How is the Law and Entrepreneurship LLM different from Duke Law’s LLM for International Law Graduates?
International applicants to the Law and Entrepreneurship LLM must hold either a JD or another LLM from an American law school in order to be considered. However, international applicants who do not meet this requirement may still apply if they are currently active members of the bar in at least one U.S. jurisdiction. This ensures that applicants have the substantive understanding of the U.S. legal system and familiarity with American law teaching that are necessary for success in the Law and Entrepreneurship LLM program. International students who meet this requirement and who have an interest in this area, as well as appropriate educational or work experience, are encouraged to consider applying to this program.
What types of classes will be offered in the Law and Entrepreneurship LLM program?
The core curriculum requires completion of four courses in law, business, finance, and intellectual property. Along with requiring that you master the substantive law necessary to effectively represent entrepreneurs, these courses will provide historical, comparative, and interdisciplinary perspectives on entrepreneurship to encourage you to think deeply about how the structure of the law can either facilitate or restrict innovation.
A defining feature of the Law and Entrepreneurship LLM is the extensive integration of experiential education, giving you the opportunity to get out of the classroom and into practice settings. These experiential courses include the entrepreneurial overview course and a semester-long practicum, in which you will work in a law firm, in-house with a company or a social entrepreneur, with a trade association or another similar setting.
It is important that you have the ability to help drive the curriculum of the program in the direction that will benefit you most in terms of your interests and future career plans. As a result, you will be very involved in creating your placement for the practicum and you will define the scope and direction of your capstone experience. Additionally, you will also have the opportunity to select at least one elective course from the Duke Law curriculum or, in some cases, those of other Duke professional and graduate programs.
For more information, please see the full list of required and elective courses.
What career planning support will be offered to LLM students?
Duke Law LLM students have access to the same resources, relationships, and support as JD students. Duke Law’s career office is fully committed to supporting all Duke Law students in their career planning efforts. Please see the career office website for information on resources and career guidance; further questions may be emailed to firstname.lastname@example.org.
Is financial aid available to students in the Law and Entrepreneurship LLM program?
LLM candidates are eligible for federal loans; the types of loans that are available will depend on the candidate’s previous borrowing history. Financial aid counselors at Duke Law will be happy to review your needs and advise accordingly. Scholarship assistance may be available for some LLM candidates; upon admission to the program, students will be invited to complete a scholarship application form.
What kinds of academic and professional experiences might be useful for an LLM applicant to have?
There is no particular set of skills or professional work experiences required for admission to the program. We are looking for driven, creative leaders who want to explore the intersections of law and entrepreneurship and use their legal talents to help build this sector. Coming into the program, it will be very helpful to you to have a strong understanding of business and intellectual property law, as well as basic financial concepts. Other than a desire to learn and a willingness to work hard, however, there are no educational prerequisites.
Prior experience working in or studying innovation and entrepreneurship -- whether in a business, nonprofit, government, or other setting -- is likely to be useful. Additionally, a history of leadership, in academic, volunteer, business or other pursuits is likely to be very valuable.
If I have been out of school for several years must I still submit academic references?
Two letters of recommendation are required to complete your application for admission. (Additional letters may be submitted, but are not required.) We recommend that at least one of the references come from a person familiar with your academic performance; however, references from employers also will be accepted.
How can I get more information about the Law and Entrepreneurship LLM?
How much will the LLM program cost?
Tuition for the Law and Entrepreneurship LLM program will be comparable to the tuition for one year of the Law School's JD program and its LLM for International Law Graduates. The current annual tuition is $61,000, plus fees.