LLM in Law and Economics

Degree Requirements

To earn an LLM in Law and Economics, students must complete 24-26 credit hours of coursework. These hours will be made up of required courses and restricted electives.

Students who have completed the JD degree at a United States Law school will receive a waiver of the required Introduction to United States Law 2 credit course. Therefore, students who have received a JD from a United States Law school must complete 24 credit hours to receive the LLM degree. Students who have not completed a JD at a United States Law school must complete the 2 credit required Introduction to United States Law course, and therefore must complete 26 credit hours to receive the LLM degree.

Students may attend the LLM program full-time or part-time. Courses are offered in the day and evening to accommodate working professionals.

Students may be able to complete the program in one academic year, though most will take a year and a half to two years to do so. Full time students typically take 12-15 credit hours per semester; part time students typically take 8-12 credit hours. For the purposes of the F-1 and J-1 visas, 10 or more credit hours are required to meet the full time requirement of the visa.

All students must finish the degree requirements within three years of matriculation and be enrolled in at least two courses each semester, unless granted a waiver or leave of absence. In order to remain in the LLM program, students must present a cumulative grade point average of at least 2.33 on a 4.33 scale at the end of each spring semester.

The course requirements and electives for LLM in Law & Economics are below. The required and elective LLM courses are not offered every semester and new offerings for approved LLM electives may become available. Students should check with the Records Office for a current schedule of courses. A limited number of courses also will be available in the summer.

The 24 - 26 credits making up the LLM in Law and Economics are not designed to prepare or qualify students who are not graduates of a United States law school to engage in the practice of law in the United States or to qualify them to take a bar examination in the United States. Additional coursework is possible for those trying to qualify to sit for a bar examination. For more details, see Bar Examination for Foreign-Trained Attorneys.

To develop a personalized plan of courses based on your time-frame for finishing the LLM Degree, please contact Charles Lemley, Director, Graduate Student Academic Affairs, at [email protected].

For more information about any of the courses listed below, view Course Descriptions.

Standard LLM in Law and Economics

Students must complete all required courses. Students who have completed the JD degree at a United States Law school will receive a waiver of the Introduction to United States Law 2 credit course requirement. Students must complete 13-14 credit hours comprised of restricted elective courses.

Required Courses (10 - 13 credit hours)

  • Introduction to United States Law (2 credits)*
  • Economics for Lawyers (3 credits)
  • Law & Economics (2 credits)
  • Litigation and Dispute Resolution Theory (3 credits)
  • Public Choice and Public Law Seminar(3 credits) OR Perspectives on Regulation (2 credits)

*Waived for students who have completed the JD degree at a United States law school.

Electives (13 - 14 credit hours)

  • Accounting and Financial Concepts for Lawyers (2 credits)
  • Advanced Antitrust Seminar (2 credits)
  • Antitrust I (3 credits)
  • Antitrust II (3 credits)
  • Antitrust Economics (2 credits)
  • Asset Management Law (2 -3 credits)
  • Bankruptcy (3 credits)
  • Business Associations (4 credits)
  • Comparative Law Seminar (3 credits)
  • Consumer Protection Law (formerly Unfair Trade Practices) (3 credits)
  • Contracts I (2 credits)
  • Contracts II (3 credits)
  • Economics of Private Law (2 credits)
  • European Union Competition Law (2 credits)
  • Financial Theory (3 credits)
  • FTC Seminar (2 credits)
  • Global Antitrust Law Seminar (2 credits)
  • Independent Study / Thesis (1 – 3 credits)
  • International Finance & Regulation Seminar (2 credits)
  • International Trade Law & Regulation (3 credits)
  • Law and Economics Colloquium (2 credits)
  • Legal and Economic Theory of IP (2 credits)
  • Legal Practicum: Global Antitrust Regulatory Comments (3 credits)
  • Perspectives on the Individual, Family, and Social Institutions (2 credits)
  • Perspectives on Regulation (2 credits)
  • Products Liability (2 credits)
  • Public Choice and Public Law Seminar (3 credits)
  • Regulated Industries (2 credits)
  • Statistics for Lawyers (3 credits)

For more information and instructions on how to apply, please visit the LLM Admissions page or contact Brian Benison, Director of Graduate Admissions and International Initiatives at [email protected].  Most applicants’ questions can be answered by visiting our Frequently Asked Questions.

Practical Skills Track Option

Students enrolled in the Law and Economics LLM program at Scalia Law School may choose the Practical Skills Track to enhance their professional development and acquire hands-on practical legal experience. This skills-based program develops students’ workplace skills through the practical application of the knowledge they have acquired in the classroom.

Degree Requirements:

In order to graduate with a Law and Economics LLM degree in the Practical Skills Track, students must be ready to complete a total of 26-28 credit hours (24-26 credits composed of the required and elective courses as listed in the Law and Economics LLM degree curriculum, plus 2 credits for the supervised externship seminar required of this track).

All LLM students in the Practical Skills Track shall complete a legal externship supervised by a licensed attorney in the United States in the second semester of LLM studies. Students are required to enroll in Law 320, Supervised Externship.

Students Rights & Responsibilities:

  1. Students wishing to pursue the Practical Skills Track in their second semester of study must obtain a minimum 3.1 GPA in their first semester of study.
  2. No compensation may be received for work performed during the course of the supervised externship required by the Practice Skills Track.
  3. Externship work must be done under the direct supervision of a licensed attorney or judge (the “site supervisor”) and assignments must be substantive and legal or law-related in nature. Placements that do not meet these requirements shall not be approved.
  4. The student must work a minimum of 120 hours, which hours shall be structured in consultation with the site supervisor.
  5. Externship opportunities must be approved by both the Director of Graduate Studies and the Supervised Externship Professor in advance of the externship start date.
  6. The student must attend two of the four tutorials offered by the Supervised Externship Professor over the course of the semester.
  7. Prior to the start of the externship, a “Supervised Externship Volunteer Agreement” must be signed by the student and site supervisor and submitted to the Supervised Externship Professor. The agreement is available on the web or from the Office of the Director of Graduate Studies. If the person who initially signs the agreement does not act as the student’s primary supervisor, the student must get a new volunteer agreement signed by the primary supervisor and submitted to the professor as soon as feasible. Students who do not comply with these requirements may be dropped from the course.
  8. Each student must have a mid-semester consultation with the Supervised Externship Professor to discuss the externship and work being accomplished.
  9. At the end of the externship, the student must submit the following:
    1. time sheet showing the hours worked;
    2. sample of their written work product of any length (with the supervising attorney’s permission; redactions are acceptable to preserve confidentiality);
    3. written summary of the legal skills enhancement resulting from their field experience. The summary should be 2-3 pages in length and must include a description of: i. how the student found the externship opportunity; ii. the work accomplished in the program; iii. the skills developed through the program; iv. the extent and nature of the student’s interaction with and feedback from supervisors and other attorneys; v. any recommendations to future students interested in the same or a similar opportunity;
  10. The student must ensure that their site supervisor submits a timely evaluation by the end of the semester. An “incomplete” will remain on a student’s transcript until all of the above requirements have been met and the documents reviewed by the professor.

Procedure:

Students are responsible for finding their own internship placement. The Director of Graduate Studies offers career counseling and support for students seeking these types of opportunities.

Students should schedule an appointment to meet with the Director for counseling during their first semester of LLM studies so that the externship search can be timely and potentially yield an offer by the end of the first semester.

Students interested in pursuing this track need to submit (1) their internship offer letter and (2) transcripts reflecting their first semester grades to Brian Benison, Director of Graduate Admissions and International Initiatives at [email protected] by the first day of classes of their second LLM semester at Scalia Law.

Students who meet the necessary requirements will be approved by the Director of Graduate Studies to register for the LLM Externship Seminar. Once approval has been granted by the Director of Graduate Studies, students shall obtain the approval of the Supervised Externship Professor. Students may not register for the LLM Externship Seminar without both permissions.

International students (F1 visa holders) who don’t have permission to permission to work in the United States will need to seek the necessary permission from OIPS (Office of International Programs and Services) in order to pursue this track.