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Entrepreneurship Law Clinic Practicum

This course is designed to give students an opportunity to work with entrepreneurial clients who need legal and business assistance in matters associated with starting and establishing a business in the early stages of development.

A key objective of the course is to provide students an opportunity to develop and practice some of the skills essential to their success as business executives and lawyers. These skills include the following:

• Project scoping
• Project and client management
• Research and fact finding
• Analysis and problem-solving
• Communication (formal and informal)
• Teamwork and leadership

In addition to skill development sessions covering the areas above, students enrolled in the course who have not completed their JD degree will be required to enroll in the Law School’s B561 (Entrepreneurship Law Clinic) course.

Course Procedure: Students (individually or in teams) will be assigned to clients. Clients will come primarily from the life sciences and information technology fields and be affiliated with the following organizations:

• Indiana University Research & Technology Corporation [IURTC] (IU’s Indianapolis-based technology transfer center),
• inVenture (a business incubator and entrepreneurial service center at the Bloomington-based Indiana University Research Park),
• The Indiana Venture Center (an Indianapolis-based privately funded not-for-profit organization that assists high-potential, technology-related firms with a variety of business and legal services), and
• Venture Research & Solutions Lab (a program of the Johnson Center for Entrepreneurship that assists IU faculty scientists in accelerating the commercialization of their research in life sciences and information technology).

Students may work on projects individually or in small teams.All students will be closely supervised by a faculty member.

Course Deliverables: Because each project will be unique depending on the company’s stage of development, it is difficult to identify a single set of deliverables. However, students will be required to fulfill some combination of the following deliverables as determined by the professor:

• Client meetings, interviews, and presentations.The purpose of these meetings will range from scoping the project to presenting the final recommendations.Student will be expected to turn in all materials associated with these meetings and presentations including PowerPoint decks and follow-up letters.In addition to the professor’s evaluation of a student’s work, the client will also be asked to complete an evaluation.
• Client determined deliverables. Many of these projects will require preparation of legal documents. The professor will work with students to ensure that these documents are completely and accurately prepared to meet the client’s expectations and local state, and/or federal legal requirements. The professor will judge the student’s performance in preparing these documents.
• Journal and file documentation. For some projects, students will be asked to prepare a journal documenting the actions, advice and learning throughout the project. This journal will be used to assess the scope and significance of what a student has learned. The file documentation will be used as a transition document to help future students/teams that inherit the project.
• Weekly reflective meetings. Students will meet with the professor individually or in small groups for at least one hour each week to discuss the progress of the project(s) the student(s) are working on, and to assess the scope and significance of what the student(s) have learned.
• Transition meeting.For projects that continue beyond a single semester, students will be required to hold a transition meeting during which they will brief the successor team on the history of the project and future phases.
• Time sheets.Students will be required to maintain time sheets documenting all project activities.The time sheets will be reviewed periodically by the professor, and at the end of the project, a “bill” documenting the student hours spent on the project will be sent to the client.Clients will not be required to pay fees based on “billable hours,” but will be asked to make a voluntary donation to the Clinic reflecting the value of the work they received. This deliverable trains students to track and justify their time as they would if they worked for a real law firm.