The Institute for the Future Law Practice is a collaboration between law schools, law firms, corporate legal departments, NewLaw service providers, and legal technology companies.
The Institute’s first initiative is to build educational boot camps for rising 2L and 3L law students. The curriculum is designed to provide foundational knowledge for effective 21st-century law practice. Topics includes basic accounting and business principles; professional communication and teamwork; exposure to core elements of mergers & acquisitions, litigation management, IP strategy, and high-volume commercial contracting; and basic principles of project management, process improvement, and data analytics.
Admission to the boot camp includes a paid internship or field placement. In 2018, employment will vary by type of boot camp:
- Basic Track (for rising 2Ls). 10-week summer internship following completion of three-week basic track boot camp (salary: $20/hour, 40 hours per week minimum).
- Advanced Track (for rising 3Ls). Seven-month field placement following completion of a combined five-week basic / advanced track boot camp (salary: $5,000 per month minimum).
In 2018, academic credit for the boot camps will vary by participating law school. The Institute is working with participating law schools to complete the review process for obtaining academic credits on par with other law school courses and internship programs.
The first iterations of the Institute boot camps will be run at Northwestern Law (Chicago) (basic and advance tracks) and Colorado Law (Boulder) (basic track).
The basic track will run from May 14th to June 1st, followed by 10-week internship (June 4th to August 10th, some variability by employer and law school). The advanced track will run from May 14th until June 15th, followed by seven-month field placements (June 18th through December 31st, some variability by employer and law school).
The Institute of Future Law Practice seeks to build a talent pipeline that aligns the interests of law students, law schools, and legal employers. If successful, the Institute will drive down the cost and uncertainty of obtaining a law degree by driving up quality and consistency of educational content and work experience obtained during law school. The Institute seeks to reinforce and elevate the importance of professional values for all those working in the legal sector.