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LS50DE: BUSINESS ENVIRONMENT AND ETHICS (2016-2017)

Last modified: 16 Nov 2016 18:02


Course Overview

The course is divided into two parts. Part 1 will cover: business structures and investment; a group exercise involves the set-up of a virtual law firm and construction of key business and practice policies; management of time and risk capability; company accounts analysis; loan finance; financial advice and tax implications; financial services.  An Investment Game runs throughout the first part of the course where each student manages a share portfolio. Part 2 will cover ethical issues in the client relationship; confidentiality and conflict; and duties and discipline. Key skills such as communication with clients, team working, drafting are covered.

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus None. Sustained Study No
Co-ordinators
  • Dr Susan Stokeld

What courses & programmes must have been taken before this course?

  • Diploma in Professional Legal Practice (Studied)
  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

The course will adopt a transaction based approach to business and financial awareness, practice awareness and the development of ethical practice. The course is divided into two parts. Part 1 will cover: business structures and investment; the regulatory and fiscal framework within which business operates; a team working exercise which involves the set-up of a virtual law firm and construction of key business and practice policies and documentation; management of time and risk capability in legal transactions/matters; company accounts analysis; loan finance; financial advice; financial services. An Investment Game runs throughout the first part of the course where each student manages a share portfolio. Part 2 will cover: the ethics of creating and managing a client relationship; confidentiality and conflict; and duties and discipline. Key skills will also be covered such as communication with clients, team working, drafting, and transaction based research.

Further Information & Notes

The course is only open to students taking the Diploma in Professional Legal Practice programme.

Degree Programmes for which this Course is Prescribed

  • Diploma in Professional Legal Practice

Contact Teaching Time

34 hours

This is the total time spent in lectures, tutorials and other class teaching.

Teaching Breakdown


Assessment

The assessment consists of 8 discrete elements (1 of which is a group exercise compromising 4 discrete elements) including participation and professionalism (pass/fail). Students must pass all 8 elements of assessment to pass the course and the final mark awarded for the course will be based on the marks obtained in the first 7 elements of assessment. Resit: students are able to resit elements 1-7 of the assessment.

Formative Assessment

None.

Feedback

None.

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