The Transactional Lab & Clinic presents students with an exciting opportunity to gain "real-world" experience working on transactional projects for large, complex organizations around the country and small organizations in the local community around the Law School. This diversity provides students with an opportunity to learn how business people and lawyers, occupying a variety of positions in the global and local economy, think about and do deals.
Through TLC, students develop the skills and knowledge essential to effective transactional practice as transactional lawyers at law firms and as in-house counsel at companies, while building relationships with corporate clients.
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TLC projects require students to work with faculty in small teams on matters for our organizational clients, large and small.
TLC engages corporate law departments to identify project opportunities for Michigan Law students.
Examples of the sorts of projects TLC undertakes include:
TLC works with small organizations in the local community around the Law School on deals, contracts, and other transactional and corporate matters for which the organization could not otherwise afford legal services.
TLC works with large, national or multinational organizations and small organizations in the local community around the Law School.
Through their project work, students in TLC enjoy a special opportunity to interact directly with in-house counsel at our large, global clients and businesspeople at our small, local clients.
As part of our corporate roster, TLC works with the following organizations, among others:
Through the seminar and project work, TLC provides students with a safe space to workshop, reflect on, and further develop skills critical to success as a transactional attorney, including:
How do students apply for the Transactional Lab & Clinic?
Second- and third-year students may register for TLC through the Law School's clinic bidding process.
Are there prerequisites?
Effective for Fall 2015, no.
Students might wish to take other transactional and corporate coursework before or concurrent with TLC, although this is not required. Examples of potentially useful courses include Transactional Contracts (LAW 595) and Transactional Drafting (LAW 433).
How is TLC organized?
TLC has both a classroom component and an "experiential" component (i.e., supervised client work).
The seminar class meets twice per week to workshop transactional lawyering skills—through readings, discussions, simulations, and "case rounds," where students bring thorny, challenging aspects of their projects into the classroom to benefit from feedback and discussion with their colleagues.
Outside of class, students: (a) spend a substantial amount of time (approximately 12-16 hours on average each week) working in small teams on projects; (b) meet with faculty on a weekly basis; (c) meet with clients (in person or by conference call) regularly; and (d) attend "Deal Talks," where leading practitioners discuss cutting-edge transactions and provide practical guidance.
How many credits is TLC, and how is it graded?
TLC is 7 credits (in total for both the classroom and experiential components together) and is graded on the same basis as the Law School's clinics. Each student's grade is based on professional, diligent, and conscientious performance undertaking collaborative project work, engaging in the seminar, engaging in any TLC-related events (e.g., Deal Talks), and undertaking any special TLC initiatives (e.g., client development) as any opportunities may occur throughout a semester.
How often does TLC meet?
TLC meets as a class for two hours twice per week, and project teams meet with faculty weekly and clients regularly. TLC periodically hosts special events outside of regular class time (including as part of the Deal Talks series) and, absent a conflict, all TLC students are expected to attend.
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