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Download - Faculty of Law - University of Cambridge

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PROFESSOR DAVID IBBETSON<br />

REFLECTS ON THE ACTIVITIES<br />

OF THE FACULTY<br />

A good sign that a ship is seaworthy is that<br />

it stays afloat in a storm. If the analogy can<br />

be applied to universities, the <strong>Law</strong> <strong>Faculty</strong><br />

has shown itself to be in good shape over<br />

the last two or three years. No-one can fail<br />

to be aware <strong>of</strong> the financial difficulties<br />

which have been besetting universities, and<br />

which will continue to do so for the<br />

foreseeable future, but the <strong>Faculty</strong> has (so<br />

far) survived the squalls and is looking with<br />

confidence towards the future.<br />

The most significant development,<br />

described below, is the introduction <strong>of</strong> the<br />

new <strong>Cambridge</strong> Masters in Corporate <strong>Law</strong><br />

(MCL) degree from 2012. Building on our<br />

existing strength in corporate law, this<br />

degree responds to what we believe is a<br />

demand in the market for legal education<br />

at the same time as taking seriously our<br />

responsibilities as legal scholars to teach,<br />

research and reflect upon the structures <strong>of</strong><br />

corporate law and corporate governance<br />

rather than just leaving these for the<br />

market to sort out as best it can. We are<br />

especially grateful to Hogan Lovells who<br />

will be generously supporting a new<br />

<strong>University</strong> Lectureship in Corporate <strong>Law</strong> as<br />

part <strong>of</strong> the launch <strong>of</strong> the MCL, which will<br />

serve to strengthen further the teaching in<br />

this area. Alongside the MCL, we have<br />

increased the number <strong>of</strong> places on the LL.M<br />

course, responding to the demand by<br />

students – from <strong>Cambridge</strong> and elsewhere<br />

– who want to do an additional year <strong>of</strong><br />

The <strong>Law</strong> <strong>Faculty</strong> is launching in 2012-13 an<br />

exciting new Masters degree in Corporate<br />

<strong>Law</strong> (the MCL).<br />

The MCL, which will operate as a full-time<br />

nine-month programme, will <strong>of</strong>fer students<br />

the opportunity to engage in detailed study<br />

<strong>of</strong> the legal and regulatory framework<br />

within which companies are governed and<br />

financed. The MCL will be taught by the<br />

<strong>Cambridge</strong> <strong>Law</strong> <strong>Faculty</strong>'s team <strong>of</strong> corporate<br />

lawyers, widely recognized as one <strong>of</strong> the<br />

strongest in the corporate law field.<br />

The MCL will combine practical insights<br />

with academic and theoretical rigor and<br />

thus constitutes an ideal graduate<br />

programme for those strengthening their<br />

credentials as business lawyers and those<br />

A LETTER FROM THE CHAIR<br />

legal study after finishing their first degree.<br />

Returning to the marine metaphor, the<br />

biggest iceberg on the horizon is the<br />

Research Excellence Framework (REF), the<br />

rebranded mechanism for assessing the<br />

quality <strong>of</strong> research in UK universities and<br />

for distributing funding accordingly.<br />

Although the rules <strong>of</strong> the exercise are still<br />

not totally clear, and although we are still<br />

nearly three years from the assessment<br />

date, like every other academic institution<br />

the <strong>Law</strong> <strong>Faculty</strong> is limbering up to maximise<br />

its output <strong>of</strong> research <strong>of</strong> international<br />

quality. With a research pr<strong>of</strong>ile spread<br />

widely across the discipline, and with two<br />

major centres <strong>of</strong> research in the<br />

Lauterpacht Centre for International <strong>Law</strong><br />

and the Institute <strong>of</strong> Criminology, we hope<br />

we are well placed to emerge from the<br />

scramble towards the top <strong>of</strong> the pile, but<br />

we cannot be complacent and will be<br />

putting all our efforts into making sure that<br />

we do get the right results at the end <strong>of</strong> the<br />

process.<br />

“The most significant<br />

development…is the<br />

introduction <strong>of</strong> the Masters<br />

in Corporate <strong>Law</strong> (MCL)<br />

degree”<br />

The departures and arrivals <strong>of</strong> academic<br />

staff are noted elsewhere, but we should<br />

take the opportunity to note the nearcomplete<br />

lack <strong>of</strong> movement in the <strong>Faculty</strong>’s<br />

administrative and secretarial staff, the<br />

Computer <strong>of</strong>ficers, and those responsible<br />

for the running <strong>of</strong> the Squire <strong>Law</strong> Library.<br />

Their loyalty to the <strong>Law</strong> <strong>Faculty</strong> is matched<br />

only by their good humour, efficiency and<br />

who have an academic career in mind. A<br />

central feature <strong>of</strong> the MCL, which will cover<br />

key fields such as corporate governance,<br />

regulation <strong>of</strong> financial markets and<br />

pensions, is that the course will extend<br />

beyond analysis <strong>of</strong> legal rules and provide<br />

students with the opportunity to<br />

understand how ‘real world’ corporate<br />

deals are structured and run.<br />

The development <strong>of</strong> the Masters in<br />

Corporate <strong>Law</strong>, which is the first entirely<br />

new degree in <strong>Law</strong> to be established by<br />

<strong>Cambridge</strong> <strong>University</strong> since the nineteenth<br />

century, is at the heart <strong>of</strong> the <strong>Faculty</strong>’s<br />

strategy to maintain its position as a world<br />

class law school by combining an innovative<br />

approach to legal education with a<br />

commitment to academic excellence.<br />

Pr<strong>of</strong>essor David Ibbetson<br />

total reliability in providing the<br />

infrastructure which keeps our teaching<br />

and research going.<br />

When putting in place contingency plans in<br />

case there was a major outbreak <strong>of</strong> swine<br />

flu a year or so ago, we discovered that<br />

there were only two people in the <strong>Faculty</strong><br />

whose absence could bring us to our knees.<br />

Not the <strong>Faculty</strong> Chair or the Downing<br />

Pr<strong>of</strong>essor, but Norma Weir, the receptionist<br />

on the front desk, and John Seymour, the<br />

custodian <strong>of</strong> the building. Without their<br />

work, and that <strong>of</strong> all the other support<br />

staff, we would be lost. We are immensely<br />

grateful to all <strong>of</strong> them.<br />

Pr<strong>of</strong>essor David Ibbetson<br />

FACULTY LAUNCHES MASTERS IN CORPORATE LAW<br />

Chair <strong>of</strong> the <strong>Faculty</strong><br />

The MCL team (L-R): Pr<strong>of</strong>essor Eilís Ferran, Mr Richard<br />

Nolan, Pr<strong>of</strong>essor Brian Cheffins, Ms Jodie Kirshner<br />

Further details concerning the launch <strong>of</strong> the<br />

MCL are available on a new dedicated<br />

website which can be found at:<br />

http://mcl.law.cam.ac.uk.<br />

<strong>Law</strong>Link 9 Ι <strong>Faculty</strong> <strong>of</strong> <strong>Law</strong> Newsletter Ι www.law.cam.ac.uk Ι Spring 2011 Ι 2

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