This fall, New York Law School (NYLS) launched a new initiative entitled the Business of Law Institute. The Institute seeks to create a pipeline of new lawyers to join the growing legal tech sector and assist the efforts to bridge the access-to-justice gap.
The initiative grew out of a research project NYLS commissioned. Ari Kaplan Advisors conducted a four-month study that captured both qualitative and quantitative data, from leaders at major law firms, corporations, and legal technology companies. The study also included focus groups with law students and broad research on the legal tech marketplace.
The goals of the Institute include:
- Developing, in consultation with industry experts, a series of curricular and extracurricular experiential course offerings to train NYLS students to be effective practitioners in the business of law.
- Building a pipeline of jobs for students who are interested in the intersection of law and technology, especially as corporate legal counsel.
- Providing Evening Division students with specialized training as part of their J.D. studies to expand their skill sets.
Subject areas that the Institute will explore include risk and compliance, privacy, cybersecurity, artificial intelligence, blockchain, e-discovery, and technology-assisted review. “While traditional legal education remains paramount,” according to NYLS Dean Anthony Crowell, “today’s law school graduates will gain a competitive advantage if they enter the job market ready to meet the technological and operational needs of their employers.”
NYLS’s Business of Law Institute will offer a mix of courses and programs, beginning this fall:
- The first course in development is The Business of Law Workshop and Seminar,which combines classroom instruction on timely regulations and technologies with hands-on work experience in a corporate legal department.
- The Institute will establish a technology-centric Learning Lab, where students can gain exposure to industry-leading legal tech tools, including the e-discovery software Relativity.
- The Institute will also offer upper-level seminars such as Compliance and Bank Regulatory Matters, Smart Contracting and Artificial Intelligence, and Cybersecurity and Risk Management taught by outside experts in these fields.
- The Institute will launch a master class series featuring guest lecturers on topics related to regulatory structures, business concepts, and industry-standard technologies.
- Finally, to assist practicing attorneys in staying ahead of the legal tech curve, the Institute will offer continuing legal education programs focusing on legal tech.