one-two punch enables graduates who
go on to become in-house counsel to
combine a business perspective with the
technical aspects of understanding how
to structure a multi-million-dollar deal.
“If you’re going to work in the corporate world, whether in financial services, as in-house counsel or a partner
in a law firm, it gives you the chance to
leverage two degrees that in many ways
complement each other,” he says.
Tom Johnson, co-director of the Osgoode Schulich J.D./MBA program at
York University, agrees. He says there’s
no question the degree is a “
differentiator.” In fact, he says it minimizes a long-standing vulnerability among Canadian
law school students—that they don’t
always understand the clients’ business.
“They’ve been hearing this for 25
years. Students who have come out of
the joint program have less difficulty
with that. That’s mainly because of the
MBA training,” he says.
Johnson, who is also a full-time faculty
member at Osgoode Hall Law School of
York University, notes lawyers are increas-
ingly moving into management positions
with clients after working with them out
of their corporate law office for a number
of years. The school has also seen a num-
ber of graduates venture out on their own
to start their own businesses.
The younger Rosen progressed through
a number of positions at the company,
including the buying side, running stores
and marketing, before moving up to president in 1997 and CEO in 2000.
He says in today’s complex business
environment, having both degrees in
your back pocket can be a significant
advantage. He says his legal background
gives him a leg up in dealing with leases,
wrongful dismissals, tax law, corporate
restructuring and estate freezes.
“As a business man, I wouldn’t have
a clue what they meant if I didn’t have
a law degree,” he says.
“To me, there are two different para-
digms looking at the world. Solving a le-
gal problem is very different from solving
a business problem. The world doesn’t
break down into business and law.”
When asked for educational advice,
he always encourages people to do both
because it’s a win-win proposition.
“I’ve never regretted my education
for a day. Never a day goes by in business where I don’t use my legal education to solve issues. I feel very blessed
to have both,” he says. END
It’s about getting service and
value from your outside counsel.
In today’s business environment, you need service
and value that helps you stretch limited resources.
If you’re not getting this from your outside
counsel, we should talk:
Robert Saunders 416-860-1952
Kevin W. Fisher 416-860-1932
Work permits, corporate transfers:
Lloyd Ament, CS 416-860-1946
At Basman Smith, we recognize we’re only as
good as the results we deliver for our clients.
It’s about results.
1 Dundas Street West, Suite 2400
Box 37, Toronto, Ontario M5G 1Z3