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Master of Corporate Law (MCL)

Course Description

The Cambridge MCL is a one-year taught masters programme commencing at the beginning of October each year and ending in June of the following year. It is designed for students wanting to pursue further legal studies after completing their first degree in law, both those intending to practise in the area of corporate law and those considering an academic career. The MCL has been structured so as to combine academic rigour with a diverse and flexible curriculum, enabling each student to tailor their MCL course selection to their own specific requirements.

MCL students take a combination of full-year and one-term modules during the course. All students take the compulsory full-year Deals course, which focuses on the legal and economic structuring of corporate transactions. They also choose one full-year LLM paper from a selection of corporate papers, including Corporate Finance and Corporate Governance. In conjunction with the full-year papers, students take four one- term modules, usually two in the Michaelmas Term and two in the Lent Term. The modules enable students to conduct a more detailed study of certain specialist areas of corporate law, such as shareholder litigation and international merger control.

See the website http://www.mcl.law.cam.ac.uk/

Course detail

MCL students are expected upon arrival to be familiar with corporate law and to be motivated to develop their expertise in this challenging area. Students who take the MCL should leave with a much enriched understanding of the topic. They will learn about areas of corporate law with which they were not previously familiar, will have an opportunity to reflect upon the theoretical and policy implications of the topic and will be challenged to think about the practical aspects of the subject in an academically rigorous manner.


MCL students take the compulsory full-year Deals course and a full-year LLM paper from a selection of corporate papers. In addition they take four one-term MCL-specific modules from a selection of six on offer, usually two in the first term and two in the second term of the course.

Given that MCL enrolment is limited to 25 students, class sizes for the modules and the Deals course are small enough to mean seminar-style teaching occurs in classes formally organised as lectures.

MCL students receive one two-hour formal lecture per week for each of their four termly modules, for the full-year Deals course and for their full-year LLM course.

MCL students receive small group teaching for their full-year LLM paper alongside the LLM students taking the same paper if numbers are sufficiently large.

MCL students are entitled to submit up to three pieces of practice written work for the full-year LLM paper they take. This work might take the form of reflective essays or timed exam-practice essays. Course convenors and lecturers can advise on topics, but the aim is to produce a short piece of writing which provides a concise, rigorous argument or analysis of the issues in question. Students then benefit from specific and individual feedback, and can thereby hone their legal writing skills.


- Students write three assignments during the MCL year as the formal assessment for the Deals course.

- A two-hour examination is required for each of their four termly modules, and a three-hour examination for their one full-year LLM course.

- All MCL students give a class presentation as part of a group within the Deals course. This forms part of the assessment for the Deals course, alongside students' individual written assignments.


A number of students wish to remain in Cambridge after completing their Masters degree in order to pursue further advanced legal studies, either by undertaking research for the Diploma in International Law, the Diploma in Legal Studies, the MLitt degree or the PhD degree.

Students wishing to continue their studies at Cambridge by undertaking a research degree in law should apply for their chosen course through the Graduate Admissions Office by completing a GRADSAF application form and submitting it by the relevant deadline.

The Faculty of Law website contains information about the options available at:

How to apply: http://www.graduate.study.cam.ac.uk/applying

Funding Opportunities

The Faculty of Law, in conjunction with Herbert Smith Freehills, offers an annual MCL African Bursary, which is either awarded to one student to cover their entire tuition fee, or jointly to two students to pay half of the tuition fee for each student.

Information about other, non MCL-specific funding is available from the University's Graduate Admissions Office website at:


General Funding Opportunities: http://www.2016.graduate.study.cam.ac.uk/finance/funding

Visit the Master of Corporate Law (MCL) page on the University of Cambridge website for more details!

Entry Requirements

Applicants for this course should have achieved a UK First class Honours Degree. Students may apply before they have completed their first degree in law, but successful applicants in this category will usually have academic conditions attached to their offer. Extra weight may be given to the performance in courses related to corporate law. Applicants will normally have a law degree, but applicants qualified to practise law who have a degree in another subject are welcome to apply.

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