Students wishing to develop expertise in a specialized area of law would be interested in pursuing a Master of Laws degree. Also known as LL.M., this graduate education program provides advanced legal education through the concentration of one particular area of study. There are a few specialized areas of law that are available at this particular level.
Full-time LL.M. programs usually last one year, and universities vary in their graduation requirements. The Juris Doctor (J.D.) degree must be obtained before acquiring the Master of Laws degree; however, LL.M courses can be taken in unison with the J.D. program. Students are encouraged to take as many of the required LL.M. courses as possible while pursing the J.D. degree. This will give them substantial foundation for the core LL.M. coursework and thesis preparation, and leave you with fewer LL.M courses to take after receiving the J.D. degree.
Most of the U.S. universities offer a limited number of LL.M. programs. However, one of the most commonly offered degree focuses on tax law. The Master of Laws in Taxation, also known as MLT, is a graduate degree for law students working toward becoming a tax specialist. Applying for the MLT program requires no previous tax law training; however, many of the courses required to obtain a Masters Degree in Taxation are based in the university's school of accounting.
Of course, students also should be prepared to complete several credit hours of tax courses. Some of the tax courses that may be offered in the Master of Laws in Taxation program are Tax Research, Individual Tax, Corporate Tax, Partnership Tax, and Property Transactions Tax.
Due to the world's current economic situation, bankruptcy is more prevalent than ever. It is no wonder Bankruptcy Law has become an emerging LL.M. field of study. This specialized area of law concentrates on securing debt relief to those who declare bankruptcy, which is the process of helping individuals make restitution of their debts, while under the protection of the law.
Students have a wide array of specialized graduate level bankruptcy courses to choose from. These courses are typically taught using theoretical and practical instruction. Some of the core courses offered in the LL.M. program include Bankruptcy Research, Bankruptcy Ethics, Fraud and Malpractice, Bankruptcy Jurisdiction, and Requirements of Chapter 11.
Lawyers that have an interest in banking and financial services can get an LL.M. in Banking and Financial Law. This Master's degree prepares U.S. (and foreign-trained) attorneys for representation in American and international financial markets. This subject area regulates and stabilizes the economy and sets guidelines and statutes that prevent global financial problems. In this field of study, students cover subjects such as fraud, corruption, and financial irregularities.
A Masters degree is beneficial to students and lawyers wanting to develop an expertise in a particular area of law. Practicing lawyers may choose to obtain online Masters degrees due to their busy schedules. The rich, concentrated courses of a graduate degree add an additional level of knowledge to the Juris Doctor. Also, because their colleagues are pursing the same line of study, an LL.M. program is an excellent opportunity for students to build a professional network of colleagues. Article Source: http://EzineArticles.com/?expert=Kayla_Russell |
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