On November 13, 2009, Loyola Law School Dean Victor Gold announced the appointment of Dana Warren as the first Patrick J. McDonough Director of the Business Law Practicum. Professor Warren will be responsible for administering the transactional lawyering program and expanding it to offer additional capstone courses addressing alternative subject matter useful to students interested in a transactional law practice. The Patrick J. McDonough Directorship is a result of the generosity of Howrey LLP in memory of Patrick McDonough, who passed away in March, 2009. Mr. McDonough was a Loyola Law School graduate who was part of Howrey’s insurance recovery practice group. During an outstanding legal career, which included acting as general counsel to the international insurance and consulting firm Johnson & Higgins and participating in the founding of the Institute for Corporate Counsel, Mr. McDonough was well known for mentoring young attorneys and helping them to advance their careers. “It is fitting that the directorship be named for Mr. McDonough, who is remembered as someone who always strove to help the people he worked with to develop into better lawyers,” said Director Warren soon after his appointment.
In addition, the McDonough family has created the Patrick J. McDonough Endowed Scholarship to further honor Mr. McDonough. The purpose of the McDonough Scholarship is to reward and encourage students interested in business law. Efforts like this to help strengthen the quality of, and access to, the Loyola Law School experience during difficult economic times demonstrate the vitality and loyalty of the Loyola community and are much appreciated by the administration, faculty, staff and students of Loyola Law School. Information about support of the Patrick J. McDonough Endowed Scholarship can be found at [link - - http://alumni.lls.edu/giving/mcdonough.html.]
Business Law Practicum Director Dana Warren and Faculty Co-Director Therese Maynard have written a casebook based on their course materials, entitled Business Planning I: Financing the Start-Up Business and Venture Capital Financing, which is available from Aspen Publishers.
Professor Maynard recently completed the second edition of her text, Mergers and Acquisitions: Cases, Materials and Problems, also published by Aspen and now available.
Director Dana Warren participated on a mentoring panel for a student business plan competition at the University of California, Santa Barbara on April 30, 2010. The New Venture Competition is part of the Technology Management Program at UCSB’s School of Engineering. Professor Warren, who has been a regular participant in the program over the last six years, and the other panelists assist the student teams with their oral presentations of their business plans.
Professor Maynard made a number of presentations during the Spring 2010 semester on teaching transactional law.
- On March 31, 2010, she gave a presentation as part of the Faculty Workshop series at the University of New Mexico School of Law entitled: “Transactional Lawyers vs. Trial Lawyers: The Fundamental Weakness of the Carnegie Foundation Report.”
- On March 23, 2010, she gave a presentation as part of the Faculty Workshop series at the University of La Verne School of Law entitled “Educating Transactional Lawyers: A Response to the Carnegie Foundation Report.”
- On March 4, 2010, she made a presentation at the Transactional Skills Conference hosted by Drexel University School of Law in Philadelphia on March 3-5, 2010. Her topic was “Teaching Transactional Lawyers: The Loyola Method.”
As Chair of the AALS Section on Securities Regulation, Professor Maynard organized the panel presentation for that Section’s meeting at the AALS 2010 Annual Meeting in New Orleans on January 9, 2010. She moderated the Section’s program, entitled “Responding to the Financial Crisis: Change is in the Air.”
In December 2009, Professor Maynard was elected to membership in the American Law Institute.
On November 7-8, 2009, at the invitation of Professor Charles O’Kelley, Professor Maynard participated in a two-day symposium held at the University of Seattle as part of the dedication of the new Adolf A. Berle Center on Corporations, Law and Society.
During June, 2009, Professor Maynard spoke at two sessions of the Mid-Year Meeting of the Association of American Law Schools to be held in Long Beach, California.
- On June 8, as part of the “Conference on Business Associations,” she was on a panel addressing “Transaction Approaches to Business Associations Pedagogy.” The discussion focused on the content and pedagogical approaches to this basic course. Panel members were selected through a competitive review process
- On June 10, as part of the “Workshop on Transactional Law,” Professor Maynard was on a panel addressing case methods in transactional scholarship. She is a leader in this area, using the case method to follow the life cycle of transactions in both her Mergers and Acquisitions case book and in the development of the Business Planning I course. The conference focused on allowing educators to exchange ideas and insights on how transactional law pedagogy can best address the relationship between the intellectual richness of transactional law and fundamental practice skills, and how transactional scholarship differs from traditional legal scholarship.
Business Law Practicum Director Dana Warren and Faculty Co-Director Therese Maynard attended “Teaching Drafting and Transactional Skills: The Basics and Beyond,” a national conference on teaching transactional law and practice held at the end of May, 2008, at Emory Law School in Atlanta. Professor Maynard appeared on a panel addressing “Teaching Transactional Skills through Simulations in Upper-level Courses” and discussed key elements of the Business Law Practicum’s capstone course, Business Planning I: Financing the Start-Up Business and Venture Capital Financing.
In pursuing what he refers to as field research on current trends in financing the early stage company and venture capital financing, Professor Warren continues his law practice on a limited basis. Representative transactions during the last academic year include:
- Representation of venture capital investors in a second round financing of a medical diagnostic equipment company. The company was represented by Wilson, Sonsini, Goodrich & Rosoti;
- Representation of institutional investors in a later round financing of a game technology company. The company was represented by Summit Law Group;
- Representation of institutional investors in a second round financing for a web-based specialty products and information business. The company was represented by WilmerHale;
- Representation of a green energy company in a third round financing transaction; and;
- Representation of a logistics software company in the sale of an enterprise license to a national freight and delivery company.
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