I am grateful very much for granted opportunity to participate in seminar and deliver presentation on topic Mergers and acquisitions to the students of the European and International Business Law Master`s Degree Programme.
Taking into account the importance and effect of mergers and acquisitions upon the business and economy, I do share my compliments to the Mykolas Romeris University for valuable contribution to the society. Firstly, the adaptation of the science and lectures to the business needs gives the University a competitive advantage. Secondly, I truly believe that the lectures on theoretical and practical issues and trends in the field of mergers and acquisitions create a remarkable educational value to the future legal professionals, who consequently will have certain advantage and readiness to be involved in M&A transaction teams from the very beginning of their professional activities.
After reviewing of the content of the European and International Business Law Master`s Degree Programme from the practical point of view, I do have the following comments and proposals:
1) with the exception below, the subjects of the Programme completely cover the key practice areas of the business law firms both in Lithuania and internationally. Respectively, after graduation the Programme the students are qualified to commence their legal practice with quite short integration period;
2) the Programme does not include regulatory legal matters, which is very important in nowadays. For instance, regulation of telecommunication markets, pharmaceuticals, advertising, products safety, environmental issues, etc. I completely understand that aforesaid subjects may not be simply included in the Programme; however, I recommend to consider the possibility in the future (if practically possible) that students could select some optional modules/subjects from other programs related to regulatory issues;
3) in year 2014 the Programme is purely legal and does not include managerial / business matters. From practical point of view above subjects may extremely improve the understanding of business mechanisms and facilitate the integration in the business law firms. I recommend to consider the possibility to include in appropriate subjects the managerial / business matters, e.g. valuation of the companies, corporate governance, risk management, etc.;
4) from my personal practice even theoretically brilliant prepared students are lacking non-legal organizational skills, which are very important in lawyers activities, in particular – team-work organization and legal writing/editing skills. Aforesaid non-legal skills are the primary preconditions for effective and operative legal work. Taking into account the content of the Programme I see big room for involvement of certain instruments, what could cover (and improve) non-legal skills: take-home group tasks/exams; legal writing skills during foreign language lectures; workshops on implementation of theoretical knowledge during seminars.
In conclusion I do repeatedly share my compliments about the Programme, which looks to be precisely oriented to practical activities. There is nothing unnecessary and to be to exclude from the Programme; only a couple of recommended slight supplements may facilitate the process of students’ adaptation to the real practical activities.
Partner, Attorney at Law
Law firm FORT
December 2014, Vilnius