WHAT THIS AREA IS ABOUT
. Transactional law varies greatly due both to specialization and to the changing market environment. Depending upon a number of factors, including the economy, a transactional law practice may require specialization in corporate law, securities regulation, mergers and acquisitions, taxation, negotiations, bankruptcy, real estate or regulatory law, to name just a few.
However, due to the broad field of transactional law, it is difficult for students to know in advance which type of transactional work they will be performing as attorneys. Some firms specialize in deals involving large public companies subject to extensive federal securities regulation. Other firms primarily represent private or family-owned corporations, for which tax planning and corporate form analysis are important. If you are interested in working for investment firms or banks, you may want more exposure to finance, securities and mergers and acquisitions. Students thinking of employment as an in-house counsel may want more exposure to courses relevant to employment disputes, contract negotiation and real estate transactions. General courses such as accounting, business associations, and negotiations will benefit lawyers in all types of transactional practice.
The following outline is intended to provide those students interested in transactional law with both a solid foundation in transactions as well as the opportunity to specialize in a particular concentration:BASIC COURSES
. The basic transactional law courses are Bankruptcy, Business Associations (basic or enriched), Federal Income Tax, Payment Systems, and Secured Credit. These courses are discussed in more detail in the Business Organizations, Commercial Law, and Tax Law area descriptions.ADVANCED COURSES
. Students who have taken one or more of the basic courses can choose from a range of advanced offerings in the subject, including Accounting for Lawyers; Antitrust; Banking and Commercial Law; Basic Business and Financial Concepts; Business and Investment Math; Contract Negotiation; Corporate Finance; Corporate and International Finance: Modern Developments; Economic Analysis and Common Law; Electronic Commerce; Taxation of Corporations; Finance, Industry, and High Technology; The Enterprise of Technology: From Lab to Market; International and Comparative Business Organization; Legal Life Cycle of a Technology Startup; Mergers and Acquisitions; Negotiation; Securities Regulation; Tax-Exempt Organizations; Tax and Business Strategy; Taxation of Partnerships and S Corporations; and International Business Transactions.SEMINARS
. Small seminars offer students the opportunity to pursue a topic of particular interest in depth. The following seminars related to transactional law are offered on an occasional basis: Acquisitions by Multi-National Corporations; Antitrust and Intellectual Property; Banking Law; Bankruptcy (Advanced); Business Associations and Securities Regulation; Business Planning; Business Rehabilitation Under the Bankruptcy Code; Commercial Arbitration; Community Development; Corporate Governance; Deals; Environment, Economics, and Tax Policy; Finance, Industry and High Technology; Internet Business; Letters of Credit and Related Matters; NAFTA; Partnerships; Partnership Taxation (Advanced); Regulation of Financial Markets; and Reorganization Under the Bankruptcy Act.CLINICS AND INTERNSHIPS
. Two clinics offer students the opportunity to participate in representing actual clients in a variety of transactions, including real estate, tax, contract, and non-profit corporation matters: the Entrepreneurship and Community Development Clinic and the Environmental Law Clinic. Students in the Non-Profit/Government Internship Program can intern at a number of placements involving transactional work, including the General Land Office, Office of Consumer Credit Commission, Department of Insurance, etc.RELATED COURSES
. In addition to the courses offered at the law school, the University of Texas' McCombs School of Business provides a number of courses in related subjects, which may be of interest to students in transactional law. Many of these classes will contain both business and law students. These joint classes offer law students the opportunity to work with those students who, as future MBAs, will soon become potential clients. Law students are currently authorized to take up to twelve credits outside of the Law School curriculum without prior approval. Consult the law School's policy
on applying credit from outside courses toward graduation for more information. For more information on School of Business courses, see Chapter 4 of the University of Texas-Austin Graduate Catalog