BU Law's LL.M. in Banking and Financial Law

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miobrien
Posts: 34
Joined: Thu Jul 23, 2009 1:44 pm

BU Law's LL.M. in Banking and Financial Law

Postby miobrien » Fri Sep 24, 2010 3:26 pm

http://www.bu.edu/law/prospective/llm/banking/

Apparently the consensus on TLS regarding LL.M. programs is: "not worth it." Unless, of course, they're in Tax Law or from an elite LS that feeds into academia like Yale or Harvard. So maybe I can answer my own question without asking it...

Nonetheless, I'm still interested in what you all think about the program at BU Law in Banking and Financial Law. Is it really "not worth it"? Or do you think one could possibly benefit from an extra year in this program if he is certain this is the area he wants to pursue -- professionally and/or academically.

How would employers at law firms view such a degree? (In addition to a J.D., of course.) Would they consider it fluff, or would they be impressed with the extra coursework? Would obtaining the LL.M. prepare one solely for a career in academia, or would it help in obtaining an in-house counsel position some time later in life at an investment bank, hedge fund, etc.?

Is it better to dominate law school, graduate as high as possible, and acquire experience? If so, why? I just don't understand how the extra LL.M. coursework wouldn't be valuable.

Thanks!

BU2013
Posts: 51
Joined: Thu Sep 23, 2010 11:37 pm

Re: BU Law's LL.M. in Banking and Financial Law

Postby BU2013 » Fri Sep 24, 2010 3:39 pm

Friend's firm paid for him to get the Banking and Financial LLM. Don't want to name firm because it will be obvious who I'm talking about...but lets just say, it's the kind that makes 150k in debt ok.

CanadianWolf
Posts: 10439
Joined: Wed Mar 24, 2010 4:54 pm

Re: BU Law's LL.M. in Banking and Financial Law

Postby CanadianWolf » Fri Sep 24, 2010 4:35 pm

LLM's value usually depends upon one's situation. As noted above, many LLM student receive tuition & book reimbursement from employers while satisfying continuing legal education requirements for state bars.

MrAnon
Posts: 1615
Joined: Wed Aug 25, 2010 9:08 pm

Re: BU Law's LL.M. in Banking and Financial Law

Postby MrAnon » Fri Sep 24, 2010 7:42 pm

If you are employable without the LLM then go ahead and get one if you feel a degree is what you need to signal your interest in banking and finance. Being "employable" means that you can get a job straight out of law school without the LLM. Overall however if you can get a job without the LLM, really, why would you go for it? A BU degree is not particularly impressive to employers who attended better schools. Plus there are plenty of articles in major legal news magazines like the National Law Journal that really break down to the readership what a joke LLM degrees have become. By the time you are done in a year or two most lawyers will connect LLM students to those articles.

If you are unemployable and cannot get a job out of law school then going for an LLM is never the answer. You are simply racking up more debt and delaying judgment day.

If you want to get ahead in law or land in an investment bank then you need to focus on finding clients and making connections. You will not do that in a class full of people who could not get jobs after 3 years at ___________ school of law.

BU2013
Posts: 51
Joined: Thu Sep 23, 2010 11:37 pm

Re: BU Law's LL.M. in Banking and Financial Law

Postby BU2013 » Sat Sep 25, 2010 12:45 am

MrAnon wrote:If you are employable without the LLM then go ahead and get one if you feel a degree is what you need to signal your interest in banking and finance. Being "employable" means that you can get a job straight out of law school without the LLM. Overall however if you can get a job without the LLM, really, why would you go for it? A BU degree is not particularly impressive to employers who attended better schools. Plus there are plenty of articles in major legal news magazines like the National Law Journal that really break down to the readership what a joke LLM degrees have become. By the time you are done in a year or two most lawyers will connect LLM students to those articles.

If you are unemployable and cannot get a job out of law school then going for an LLM is never the answer. You are simply racking up more debt and delaying judgment day.

If you want to get ahead in law or land in an investment bank then you need to focus on finding clients and making connections. You will not do that in a class full of people who could not get jobs after 3 years at ___________ school of law.


I call 0L.

Danteshek
Posts: 2172
Joined: Wed Dec 10, 2008 4:40 pm

Re: BU Law's LL.M. in Banking and Financial Law

Postby Danteshek » Sat Sep 25, 2010 3:31 am

If you use the LLM to get published, it could help.

MrAnon
Posts: 1615
Joined: Wed Aug 25, 2010 9:08 pm

Re: BU Law's LL.M. in Banking and Financial Law

Postby MrAnon » Sat Sep 25, 2010 10:56 am

I call 0L.


Sorry but it really is the hard truth. Boston (and just about every other major city) has a crowded law school field. The most recognizable school in town is not BU. If you poll 20 attorneys to ask them what the second best school in town is you will likely get a split in answers. An LLM in a specific field has a good chance of pigeon holing you into that field and more schooling will not make a lousy job candidate more attractive. As to Boston's LLM program, the alumni profiles suggest it is composed solely of foreign credentialed attorneys.




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