This is an English language program that provides an LL.M. in Finance through a year-long interdisciplinary study of law and finance. Those students who do not wish to pursue an LLM may decide to study at ILF for one semester only. There are approximately 30 courses, 20 of which are law courses and 10 of which are economics and finance.
The Students There is a maximum of 40 students enrolled in the program. The majority of students come from Western Europe (45%) and Eastern Europe (26%). Remaining students come from Asia, Africa, South America and North America. Students will come from the legal and business fields.
The entire year-long LLM Program runs from October –February for the winter term and then mid-April – July for the summer term. LL.M. candidates are required to write a 50-60 page dissertation which is due October 31 of the following year. Therefore participating students are not eligible to take the bar exam at the end of July, but have to do so in February following graduation.
Unlike many traditional European programs, the ILF has rich offerings in the commercial and financial law, finance, banking and economics, including Law of Project and Acquisition Finance, Law of Investment Banking , Law of Central Banks, etc. Students must take 10 courses over the two semesters in order to complete the LLM. Those students fluent in German may also take one or two courses from the University of Frankfurt. Classes meet for two hours per week for approximately 12 weeks each semester.
Many faculty from the University of Frankfurt teach in the ILF program, in addition, practitioners and officials from law firms, central banks and other financial institutions will teach courses. ILF also attracts foreign professors from the US, UK and continental Europe.
In order to complete the degree, students must have completed an internship at a law firm, financial agency or similar institution. ILF arranges internships for all of its students. Of particular interest is an internship with the Financial Supervisor Authorities in Frankfurt and an internship with the German Ministry of Finance in Berlin.