New York, NY (May 14, 2009)—New York Law School today announced that it will offer an LL.M. (Master of Laws) degree in Financial Services Law beginning in the fall 2009 semester.
“The new LL.M. will teach students the inner workings of the complex global financial services industry, with students learning from a top-notch faculty, including Ron Filler, Director of the program, who has more than 30 years of experience in the field,” Dean and President Richard A. Matasar said. “In addition, students will be taught in our new state-of-the-art academic building, close to major players in the industry—Wall Street, the New York Stock Exchange, and the Federal Reserve Bank of New York—providing students with opportunities to gain hands-on experience.”
The degree will initially offer four concentrations: Asset Management, Banking, Capital Market, and International Regulation. Asset Management covers the regulation and structure of mutual funds, money managers, hedge funds, private equity funds, and their trading strategies; Banking Law covers the regulation and structure of banks, bank holding companies, thrifts, and other financial institutions on a global basis; Capital Markets covers the regulation and structure of brokerage firms and exchanges, analysis of the products traded on and off exchanges, and investment banking practices; and International Regulation covers the laws, regulations, and policies of all financial institutions located outside the U.S. and the regulation of U.S. institutions doing business globally.
The LL.M. program will offer more than 50 courses involving all aspects of the laws, regulations, business, products, agreements, structure, and practices affecting financial institutions. It will taught by a mix of full-time faculty who will teach doctrinal courses and foundational skills, and leading lawyers in the financial services bar who will teach courses focusing on advanced knowledge and practice skills. The 24-credit program is designed to be completed by full-time students in one year, while part-time students may complete the degree over several semesters depending on their course load.
Professor Ronald H. Filler, Director of the Center on Financial Services Law and of the LL.M. in Financial Services Law, has taught courses as an adjunct professor of law at New York Law School, the University of Illinois, Chicago-Kent College of Law, and Brooklyn Law School. Prior to joining New York Law School in 2008, he was Managing Director in the Capital Markets Prime Services Division at Lehman Brothers. He founded the Commodities Law Institute at Chicago-Kent College of Law in 1978 and served as its director until 1997.
“The LL.M. in Financial Services Law will complement the existing graduate law programs at the Law School and provide more than 50 courses specializing in the complex global financial services legal field, many involving hands-on practice skills to enable practitioners to enhance their knowledge and expertise,” Professor Filler said. “The financial services industry is undergoing major legal, regulatory, and business changes globally. The advanced training offered by this LL.M. program will prove valuable to lawyers looking to focus on a broader practice in the area of financial services law or just hone their skills.”
The creation of the new LL.M. degree comes less than a year after the Law School launched its eighth specialized academic center, the Center on Financial Services Law, which expanded the number of specialized financial services law courses offered to J.D. students and provides a forum for industry leaders and business professionals to discuss important new laws, regulatory reforms, and current issues facing this global industry.
Craig S. Donohue, Chief Executive Officer of CME Group, the world’s largest and most diverse financial exchange, said: “As a former practicing attorney with an LL.M. in Financial Services Regulation, and now as CEO of CME Group, I strongly commend the LL.M. Program in Financial Services Law at New York Law School. Today, global financial services markets are more interconnected and complex than ever before. Financial services attorneys are confronted with challenging substantive issues that cut across securities, derivatives, banking, and insurance laws and regulations. The current economic crisis and financial market disruptions make a comprehensive understanding of these complex areas of law even more valuable as we embark upon establishing the new regulatory paradigm for the future.”
The LL.M. in Financial Services Law is currently accepting applications for the fall 2009 semester. For more information about the LL.M. in Financial Services Law at New York Law School, please contact the Office of Admissions at 212.431.2888 or Professor Filler at 212.431.2812 or FinanceLLM@nyls.edu or firstname.lastname@example.org. Visit the LL.M. program’s Web site at www.nyls.edu/FinanceLLM.
New York Law School
Founded in 1891, New York Law School is an independent law school located in lower Manhattan near the city’s centers of law, government, and finance. New York Law School’s renowned faculty of prolific scholars has built the School’s strength in such areas as constitutional law, civil and human rights, labor and employment law, media and information law, urban legal studies, international and comparative law, and a number of interdisciplinary fields. The School is noted for its eight academic centers: Center on Business Law & Policy, Center on Financial Services Law, Center for International Law, Center for New York City Law, Center for Professional Values and Practice, Center for Real Estate Studies, Institute for Information Law & Policy, and Justice Action Center. New York Law School has more than 13,000 graduates and enrolls some 1,500 students in its full- and part-time J.D. program and its Master of Laws (LL.M.) in Taxation program. www.nyls.edu
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