"Perfect quantity and quality of finance for lawyers."
Member of the Board of Directors
Croatian Pension Investment Company
Croatia


Finance for Lawyers
Filling the knowledge gap
Overview

Lawyers play a pivotal role in the financial world, but often know little about finance. Finance for Lawyers aims to fill this knowledge gap by providing people with a legal background with the knowledge to better understand the financial decision-making of their corporate clients, and to communicate more effectively in integrated teams of lawyers, accountants, and investment bankers.

How you will benefit

  • Understand the key basic concepts in corporate finance and investments
  • Be able to ask the right questions to your clients, and to their main financial advisors - accountants and investment bankers
  • Add more value to your client when negotiating with the other party, as you will be able to estimate the financial implication of specific changes in the deal
  • Improve your understanding of current financial market developments and trends

Overview
Both in corporate finance and in investments, lawyers are important.  Corporate restructuring transactions such as  mergers, takeovers, joint ventures, leveraged buy-ins and buy-outs almost never occur without in-depth legal advice and close involvement of lawyers.  In investments, lawyers play a key role in the legal issues of the establishment and structuring of investment vehicles.  Beside this, they often serve as negotiators in investment transactions.

Of these transaction processes, finance, accounting and economics are crucial aspects. In the field of finance, issues like, valuation, cost of capital and the understanding of cash flows and the time value of money should be part of the knowledge of all those involved in the transaction. Accountancy issues are crucial in the due diligence process of the transaction, and the economic theories of agency and corporate governance are the basis for the structuring of investment vehicles and management compensation.

In all these disciplines lawyers may have a bit of a handicap, since their training usually does not include finance-related issues.  Moreover, in these transaction processes, they usually operate in multidisciplinary teams including client representatives, investment bankers, accountants and the lawyers themselves.  The other players usually have a strong finance or accountancy orientation, which puts the lawyers at an even greater disadvantage, not only in their understanding of the issues involved, but also in the common finance vocabulary.

Besides the theoretical basics, the focus in Finance for Lawyers  will be on the practical implementation of the analytical tools in a number of smaller cases. Also, a significant part of the available time will be used to illuminate the exact meaning of the relevant professional language and terminology.

Program length
3.5 days

Day 1 (evening only) 17:00 - 21:00
Day 2 09:00 - 17:00
Day 3 09:00 - 17:00
Day 4 09:00 - 17:00

 

Content

Time Value of Money

  • Time value of money (TVM) and its implications in the corporate world
  • Discounting and compounding
  • Annuities
  • Perpetuities
     

Financial Basics

  • Financial Accounts
  • Balance Sheet, classification and ratios
  • Profit and Loss Account, classification and ratios
  • Statement of Cash Flow
  • Working Capital and Capex
     

Valuation and Cost of Capital

  • Valuation methods: introduction
  • Discounted Cash Flow (DCF) valuation
  • Beta and the Cost of Capital (WACC)
     

Mergers and Leveraged Transactions

  • Key features of an M&A transaction
  • Valuation in M&A
  • Valuation in practice
  • Private Equity and Leveraged Buyouts (LBOs)

 Guest Lecturer:  Arne Grimme, Partner in Corporate/M&A at De Brauw Blackstone Westbroek

 

Program length
3.5 days

Day 1 (evening only) 17:00 - 21:00
Day 2 09:00 - 17:00
Day 3 09:00 - 17:00
Day 4 09:00 - 17:00

 

 

 

Who should attend

Finance for Lawyers is recommended for legal professionals who are seeking to expand their understanding of (corporate) finance and investments. The program does not assume any prior knowledge regarding finance, mathematics, or statistics.


 

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Faculty
Luisa Alemany 

Luisa_AlemanyLuisa Alemany is Associate Professor, Department of Economics, Finance & Accounting at ESADE in Spain. Her main areas of interest are Valuation, Venture Capital & Private Equity, and Corporate Finance.  She is director of the ESADE Entrepreneurship Institute, & co-director of the Business Angels Academy program. Her career began as a Financial Analyst at Procter & Gamble. She subsequently worked as a consultant for McKinsey & Co, working on valuations of companies & for telecommunication clients in Madrid, Barcelona & Lisbon. More recently, she has worked at Goldman Sachs’ Investment Banking Division &, as a Senior Associate of the American private equity fund The Carlyle Group, as part of the European buyout team.

Arne Grimme 

Arne GrimmeArne Grimme is a Partner in Corporate/M&A at the law firm De Brauw Blackstone Westbroek in the Netherlands. He acts for listed companies, large multinationals and private equity firms and specializes in public and private M&A and private equity. His particular expertise is in public to private transactions, leveraged buy-outs and complex cross-border transactions and corporate restructurings, with a focus on the business and financing aspects. He has won the Best M&A Lawyer Award in the Netherlands in 2015, 2014 and 2013, and has been nominated for this award every year since 2007 by the M&A Community.

Accreditation
Dates & fees
26 - 29 September 2017 € 3,950

Program fee includes all study materials, books and software that are required for the program as well as daily luncheons.
Program fee is exempt from VAT for clients located in the Netherlands. For other EU and Non-EU clients, VAT may be due by client and will not be charged by AIF. Fees may be subject to change.
Testimonials

88% of the attendees in the October 2016 session would recommend the Finance for Lawyers program to their colleagues.

 

________________


"Having the basic understanding of finance pays off for every company lawyer."
Senior Legal Counsel
Philips International
The Netherlands

 

"Perfect quantity and quality of finance for lawyers, especially for those in the finance industry."
Member of the Board of Directors
Croatian Pension Investment Company
Croatia

"I really think that the course provides you with the information you need to understand your clients."
Lawyer / Associate
Tax and Corporate Department
Clifford Chance
The Netherlands 

"The course provides in a short time the “tools” necessary for a lawyer to be able to understand the concepts behind valuation, financial statements, corporate finance, investment risk and due diligence. This knowledge shortens the gap between him/her and “finance people."
Supervision Officer
AFM - The Netherland's Authority for the Financial Markets
The Netherlands

 

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