Students Excel at Business Boot Camp
Fourteen NKU Chase College of Law students survived a week of boot camp - Business Boot Camp that is. Business Boot Camp is an intense six-day program that helps law students and recently admitted attorneys learn important business skills necessary for the practice of law. Most areas of law require lawyers to have a working knowledge of business basics. While some law students might assume business skills are applicable only to transactional work, litigators need to know how to follow the money and understand why business deals go awry. In fact, NKU Chase Law + Informatics Institute Director, Jon Garon commented, “64% of attorneys have a corporate practice and an additional 10% work as inside counsel, so nearly three-quarters of all practicing graduates are part of a corporate practice.”
The core instructor of this year’s Business Boot Camp, which was held the week of August 12, was Brad Bays, the MBA program director at Miami University’s Farmer School of Business. His prior experience includes over 20 years at Procter & Gamble as a finance analyst and supply chain and purchasing executive. He also has experience translating these concepts for lawyers. Mr. Bays taught his portion of the course over five three-hour workshops, which included problem sets the students completed in teams.
Students were also taught by local experts how to read financial statements, understand business valuations, interpret financial information, and determine financing availability and terms. Instructors also discussed insurance concerns, human resource matters, and many other issues related to business acquisitions. Culminating the week of instruction was an MBA-style business case competition before a panel of judges including lawyers and business people. This year the winning team consisted of Logan Forsythe, Andy Riegel, Ryan Risner, Doug Schwegman, and Alison Vieth.
“Clients and employers express concern that new lawyers do not understand the business aspects of the transactions on which they work,” said Barbara Wagner, professor of law. She continued, “While one week cannot provide the students with all the tools they need, this program opened their eyes to the issues and reinforced the importance of understanding business issues. I was very impressed that students signed up for this program, which offers no course credit, and put in a lot of hours.” Lindsey Jaeger, director of centers and institutes administration, added, “We are certainly appreciative of the generosity of our alumni and advisors. We also appreciate the contribution of time made by the volunteers who served as Business Boot Camp faculty and competition judges.”
Chase faculty and other local attorneys and business representatives who volunteered their time to the program were Chris Gulinello, professor of law, NKU Chase College of Law; Jeni Fitzpatrick, director, customer outreach, Workday; Jeff Heinichen ’78, CompleteMASTERY; Kenneth H. Kinder II ’00, partner, Cors & Bassett, LLC; Ed Loyd, director of corporate communications and corporate social responsibility, Chiquita Brands; Eric Miller, commercial lending division manager, Stock Yards Bank & Trust Co.; Ann Schoen ’94, chair of the intellectual property department, Frost Brown Todd; Mike Sims of AdvancePierre Foods; and Barbara Wagner, professor of law, NKU Chase College of Law. Read more about Business Boot Camp.