For Cleary Associates, a Crash Course in Business

, The Am Law Daily

   |1 Comments

With its introduction of a "mini MBA" program, Cleary Gottlieb Steen & Hamilton joins the ranks of large law firms taking steps to familiarize first-year associates with business and finance concepts that are crucial to their clients.

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What's being said

  • Charles McCallum

    Most lawyers enter the practice with little or no practical understanding of how business operates. Business law needs to be practiced in context. We will do a better job for our clients if we give our young lawyers at least a smattering of that context. Some years ago I suggested, during a panel presentation at an ABA Annual Meeting, that it might be wise to have business lawyers complete four years of law school, expanding the present curriculum by including some basic MBA courses. This was based in part on the lasting value I derived in my practice from a mini-MBA program that my firm, with a group of other firms, arranged for selected lawyers through a university's business school. Law schools that are part of a university with a business school should perhaps consider organizing such mini-MBA programs and offering them to the profession generally.

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