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

Finance for Lawyers
Filling the knowledge gap

 CE credits

This program is eligible for 21 CE credit hours as granted by CFA Society VBA Netherlands

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

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



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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>  Foundations of Finance

Luisa Alemany 

Luisa Alemany is Associate Professor of Finance at ESADE Business School and director of the ESADE Entrepreneurship Institute. She holds an MBA from Stanford University and a PhD in Finance from U. Complutense, Madrid. Her research interests are in the field of venture capital, business angels, philanthropic venture capital and children’s entrepreneurial education, with several academic publications and books. She is the co-director of the ESADE Business Angels’ Academy, has been in the board of the European Business Angels Network (EBAN), and seats as independent advisor in investment committees of early stage investors (both profit and non-profit). ESADE BAN (Business Angels Network) received the “Best Performing European BAN” award in 2016. Before joining ESADE, Luisa worked for Procter & Gamble, McKinsey & Co, Goldman Sachs, the internet venture capital fund Europ@Web, and for the US private equity investment firm The Carlyle Group.

Klaas de Vries 

Klaas de Vries is a Partner at De Brauw Blackstone Westbroek since 2011. As a corporate/M&A specialist, Klaas is the trusted adviser to a number of listed companies, large multinationals and private equity firms on a wide range of issues, including public and private M&A, joint ventures, restructurings, corporate law, corporate governance and listing rules in the Netherlands and abroad. 

Dates & fees
21 - 24 October 2019 € 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.

100% of the attendees in the September 2017 session would recommend the Finance for Lawyers program to their colleagues.


"This course should be mandatory for every M&A lawyer to fully understand what you are drafcting/negotiating."
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

"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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