INTRODUCTION TO IN-HOUSE PRACTICE
This module teaches students how leading law departments use process and technology to deliver legal services with new levels of predictability and efficiency. The module covers: metrics for measuring efficiency and effectiveness, key cost drivers and ways to control them, best practices in using allied professionals and alternative legal service providers, using process and technology to eliminate tasks entirely, and calculating ROI. Students finish the module by working in teams to architect scalable solutions for real world scenarios (e.g., M&A transactions, volume commercial transactions) and presenting those solutions to a panel of experts.
The Business Fundamentals module covers finance and accounting concepts, leadership and professionalism skills, project management, valuation techniques, and presentation skills. Students test their learning in these areas through a computerized simulation in which student teams start and run a computer business, competing with each other to see who can build the most successful company.
PRACTICAL LEGAL SKILLS
The Practical Legal Skills module covers core technical skills required by lawyers in the tech industry. These skills include how to use basic technologies (Word, Excel, PDF) effectively when practicing law, how to draft contracts effectively and negotiate common deal points, and how to handle ethical issues. This module also covers soft skills including business ethics, interoffice communications, leadership, professionalism, and data analytics. Basic track interns will be able to contribute to the company with their ability to red-line contracts, manipulate and present data, conduct research, participate in due diligence, document internal processes, and other valuable skills.
The Tech Industry module teaches students the basics of the tech industry. Subjects covered include an overview of technology trends and the various components of an IT stack, common product offerings (HW, SW, support, PS, hosting, outsourcing, cloud), business models used in the industry (purchase, license, lease, service contract), routes to market (social media, direct sales and channels), and typical approaches to risk management. Students test their learning through simulation exercises.
STUDENT TEAM EXERCISES
By the end of the boot camp the students will have completed business simulation exercises, undergone a technology proficiency audit and gained valuable experience working with teams and mentors.
Advanced Track – Contracts
The advanced track will focus on commercial contracts and will occur at Colorado Law in Boulder, CO from June 4, 2018 through June 15, 2018. The curriculum is designed to educate students about the standard agreement types that form the building blocks for technology transactions, including licensing agreements, maintenance agreements, and service agreements. Students will proceed through a mock transaction that teaches them about the common points of negotiation, the related legal considerations, and how to resolve them effectively. The latter part of the track will focus on how to use standard operational tools (people, process and technology) to handle large volumes of transactions efficiently.