Teams of aspiring lawyers from The College of Law in York demonstrated their business acumen this week by entering the College’s equivalent of the ‘Dragon’s Den’.
More than 50 students are competing in the York centre’s annual business game, sponsored by Leeds law firm Clarion, which gives them the chance to head up an imaginary multi-national business and develop practical business know-how.
At the event yesterday (Wednesday) the competitors, divided into 14 teams, were tasked with pitching for a virtual investment of up to £4 million from a panel of ‘venture capitalists’ made up of senior College managers and local legal practitioners.
The Marketplace Business Game, run in conjunction with Marketplace Virtual Business World, included a team of six trainee solicitors from Clarion who are competing against the student teams.
It helps participants to develop business knowledge from scratch and lets them experience at first hand the sorts of decisions that CEOs have to make every day as they analyse the market place and plan and execute business strategies.
The ‘dragons’ at yesterday’s event were Martin Grange, partner at Clarion, Paula Myers, partner at Ward Hadaway solicitors, Carly Jackson, trainee solicitor with Dickinson Dees, Paul Aber, director of The College of Law’s York centre, and senior lecturers at the College Patrick Hubble and Chris Dryland.
Pictured (left to right): ‘Dragons’ Paula Myers, partner at Ward Hadaway solicitors, Carly Jackson, trainee solicitor with Dickinson Dees and Martin Grange, partner at Clarion, with the pitch event winning team – College students Katie Braviner, Robert Shearer, Stuart Boath and Cameron Johnstone-Browne.
Game organiser Patrick Hubble said: “The pitch event gives the competitors the opportunity both to develop their commercial and presentation skills, in a supportive but competitive environment, and to gain real experience of a process which features prominently in the commercial and legal world.
“The feedback from the last five years of running this game has been extremely positive and it’s difficult to overstate its benefits to our students in increasing their commercial awareness."
The teams are now at the halfway stage of the competition, which began in January, and the overall winners will be revealed in May.
Martin Grange from Clarion said: “We’re always keen to nurture young talent and this business challenge will help to develop the students’ commercial awareness, giving them a better understanding of some of the issues facing their future clients.”
Further information from Lucy Wray, Press Officer, The College of Law on 01483 216072 (firstname.lastname@example.org)