Affiliating with CBFL provides students the opportunity to enhance their knowledge and skills in business and financial services law by concentrating their course of study, working directly with faculty members and alumni affiliated with the Center, and participating in projects and events sponsored by the Center.
Affiliates should also consider joining the CBFL Fellowship program, which entails students taking a leadership role in the Center’s projects and programming and potentially qualifying for paid positions and scholarship funds.
Affiliates should use the Center’s Resource Guide to bolster their knowledge, keep track of trends, and develop an interest and expertise within the business and financial law field.
Joining the Center for Business and Financial Law
For 1L students, CBFL selects a new class of Affiliates beginning in March of every year.
The application requires the following items only:
- A statement describing your interest in business and financial law and why you would like to become an Affiliate; and
- A one-page résumé.
If you are a 1L student, please submit your application beginning in March of your first year in law school. If you are a 2L student or 3L student, you can apply at any time during the year. All students (1Ls, 2Ls, and 3Ls) must apply through the following link: http://nyls.wufoo.com/forms/center-affiliation-application/
CBFL will try to notify applicants of its decisions within 10 business days.
Given the time needed to complete all of the requirements below, students may not join or transfer to the Center for Business and Financial Law during their last semester of law school.
Affiliates of CBFL must meet the following curricular and extracurricular requirements. ONE COURSE MAY NOT BE USED TO FULFILL MORE THAN ONE REQUIREMENT.
Requirement 1: Students must take the following core courses and should do so as early as possible in their course scheduling. The first two courses – Corporations and Commercial Law – are already part of the Law School’s curricular requirements.
- Corporations (4 credits, ideally in the fall after the first year)
- Commercial Law (4 credits) (or Secured Transactions or Sales and Negotiable Instruments)
- Securities Regulation (4 credits) or Financial Institutions (3 credits)
Requirement 2: Experiential Capstone (Third or Fourth Year for evening division students): This requirement may be fulfilled by:
- working on a project if assigned to one by a Center director, AND one of the following:
- taking a business law clinic (Securities Arbitration Clinic, Tax Planning Clinic, or the Nonprofit and Small Business Clinic); or
- completing a business law-oriented externship placement; or
- taking a simulation-based or transactional course such as Start-Up Business and Venture Capital, Corporate Practice Skills, Drafting: Contracts, Drafting: Corporate Documents, Drafting: Commercial Finance, Drafting: Real Estate Documents, and the Financial Services Seminar and Workshop; or
- writing a Note for Law Review focused on business or financial law.
Requirement 3: At least two of the following courses in addition to the above requirements. (If you had taken a course which had previously appeared in the list below but is no longer on the list, you can still use that course to fulfill Requirement 3.)
- Accounting and Financial Reporting for Lawyers (2 credits, students can “place out” of this course if they have taken a basic undergraduate accounting course and achieved a grade of B+ or higher)
- Bankruptcy: Chapter 11
- Building a Successful Practice
- Corporate Finance
- Corporate Practice Skills
- Contemplative Corporate Practice
- Derivatives Market Regulation Seminar
- Federal Income Tax: Individual
- Federal Income Tax: Corporate
- Federal Income Tax: Partnership
- Financial Institutions
- Mergers and Acquisitions
- Real Estate Transaction and Finance
- Regulation of Broker-Dealer and Future Commission Merchants
- Securities Arbitration Clinic
- Securities Regulation
- Start-Up Business and Venture Capital
Voluntary Electives: In addition to the courses in Requirements 2 and 3, students should also seriously consider taking any of the following courses. (If you had taken a course which had previously appeared in the list below but is no longer on the list, you can still use that course as a voluntary elective.)
- Advising New Businesses
- Business Law Issues in Structuring the Closely Held Enterprise
- Corporate Real Estate
- Drafting: Contracts
- Drafting: Corporate Documents
- Drafting: Commercial Finance
- Drafting: Real Estate Documents
- European Union Business Law
- International Business Transactions
- International Trade Law
- Nonprofit Organizations
- Private Equity Funds