How do you know a Law degree is for you?

Soledad Atienza, the director of the Bachelor of Laws, talks about the future for lawyers, and what it takes to follow your passion. “Nowadays lawyers need more than just legal training to become successful lawyers.  They need to be business oriented, they need to be trained in management, they need to be innovative and they need to be international.”  

 

What made you realize that Law was what you wanted to study?  

I was looking for a program that would open my mind to the professional world, not just to the legal field, but also the business and political world; a program that would help me understand the way the world is run and how companies, governments and people interact.  My law degree has given me the perfect frame to work in different professions, always being able to apply the legal knowledge and skills I have acquired studying law. 

What advice can you give to someone who is considering studying a degree in Law?

 If you want to become a lawyer, you should know that the legal profession is a hard one; if you practice as a lawyer you will have a lot of responsibility and you will work long hours.  But in return it will give you independence and an intellectual profession– Independence because you will have to make decisions concerning your clients based on your own analysis of the situation and recommending what you consider is best for your client or telling them what is right and what is wrong. And it is intellectual because this profession is about studying and thinking.  

This is a degree that will open doors to the professional world.  You will be trained to practice the law but you will be ready to do nearly anything you want in the business and political world. 

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Europe’s Science Week: IE University launches online game among students around Europe

IE University has designed an online game that brings interdisciplinary, international and collaborative aspects of science to students all over Europe. “The International Lake Game Competition” is an interactive game played over the internet, whereby participants gain first-hand experience of the tension involved in deciding between cooperating for the good of their community, or opting…

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IE among Top 10 Business Schools worldwide in Aspen Institute’s Sustainability Survey

IE Business School is 9th in the world ranking of MBA programs published by the Aspen Institute´s Beyond Grey Pinstripes.  The biennial survey and alternative ranking of business schools evaluates the proper integration of social and environmental issues in MBA programs of the 149 best business schools worldwide.  This year’s ninth position – and the…

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IE School of Architecture: Controlled chaos and the vision of a business school

IE School of Architecture (Madrid/Segovia) and Architectural Association School of Architecture (London) organized from 16 to 25 of July a summer course to work on the remodeling of the AZCA financial district. In this workshop 20 future architects from 9 different countries from prestigious architect schools like Harvard, Basil and Glasgow participated. The objective of…

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Hedge funds and short sales. An open debate

IE Focus - Hedge FundsIE Focus | By Rafael Hurtado, Professor at IE Business School

The collapse of the stock market has highlighted the shortcomings of the hedge fund system of short sales and fuelled debate on the need to set limits and rules for this type of operation.In recent months, and in particular after the great crash of the stock markets as from September 2008, the hedge fund system of short sales has been a subject of analysis and debate by many players on financial markets. The consequences and system of short sales are a source of great controversy in the financial sector.

Short sales take place through the loan of securities. A short position (short sale) takes place through the sale of an asset that is not held by the investor, but borrowed through an intermediary and later bought to pay the loan. The profit is obtained if the initial sale is completed at a higher price than the purchase price. With a short sale, the investor obtains greater profit if the price of the asset falls.

On many occasions, hedge funds not only involve short sales, but also use a significant amount of leverage. For a short sale, an intermediary must lend a certain number of shares. Some companies say that they have uncovered signs of their shares being lent as part of a chain. This type of transaction involves further risk.

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New times, new concepts

1812IE Focus | By Enrique Dans, Professor at IE Business School

The concept we have had of computers to date is set to disappear under a landslide of Internet realities that offer a new way of working online. Google´s announcement of its project to launch an operating system, Google Chrome OS, is not just another announcement in the hyperactive wasteland of technology news. The announcement is something more than that. It is a change of concept that affects the definition of a computer and what we do with it. Something that is going to change the way we work.

For many years now a computer has been the machine used to do the same things that were done without it, only more quickly and more efficiently. The word processor was a post-modern typewriter that produced results that were aesthetically better in less time by separating the composition process from the printing process. The spreadsheet was a “calculator on steroids”, which avoided the sequential repetition of chains of operations by placing them on coordinates. A bookkeeping or salary application was the fast way to tackle a monthly task that was both tedious and repetitive. For workers, a computer was a machine they used for doing the same thing, but more quickly. And to do that, they needed hardware, an operating system and the right applications. Last century´s computing system: buy a computer, which comes with a large, heavy operating system “that has everything” (including a computer and a game of solitaire!) and then buy the programmes you need to “do things”.

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People management in the project era

IE Focus - People ManagementIE Focus | By Kenneth Dubin, Professor at IE Business School

In an environment marked by uncertainty, scant resources and a lack of interconnectivity, people management should be based on structures that are more horizontal and less formal coordination systems.The present crisis should mark a before and after in human resources management. Politicians and social players will (or may not) reform the employment market and the labour relations system. However, for businesses and managers (and also for employees), the change is a must: yesterday´s competitive strategies have expired and taken with them the (bad) habits we acquired in people management.

The current situation is defined by uncertainty, the shortage of financial resources and the revolution of inter-connectivity; new business commitments in both SMEs and multinationals must be quick, flexible and innovative. This means working by project and generating value through knowledge rather than capital resources. Projects require collaboration between the functional areas of the company and also between the company and external agents (suppliers, other businesses and, more often than not, clients) and who may be located far from Spain.

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