Programmes

MSc Law and Accounting

  • Graduate taught
  • Department of Law
  • Application code MN34
  • Starting 2018

The MSc Law and Accounting was the first of its kind in the UK and is unmatched in the international, comparative and interdisciplinary approach that it offers.

LSE Law is the UK's number one legal research institution and is an exceptionally diverse, dynamic and inspiring place to study. Meanwhile, the Department of Accounting is one of the leading groups in the world for teaching and research on the economic, institutional and organisational aspects of accounting and financial management. Drawing on the resources of both departments, this interdisciplinary programme is aimed at qualified lawyers, accountants and also other suitably qualified individuals. 

Our teaching combines views and experiences from different disciplinary traditions and jurisdictions. This ensures that what you learn at LSE is relevant to academic study and practice in any jurisdiction. 

You will benefit from being members of a small core group of around 30 students while at the same participating in the LLM student community and in the graduate student community associated within the Accounting Department.

Programme details

Key facts

MSc Law and Accounting
Start date 27 September 2018
Application deadline None – rolling admissions. However please note the funding deadlines
Duration 12 months full-time, 24 months part-time
Applications 2016 205
Intake 2016 33
Availability UK/EU: Open 
Overseas: Open 
Tuition fee UK/EU: £22,440
Overseas: £22,440
Financial support Graduate support scheme (deadline 26 April 2018)
Minimum entry requirement 2:1 degree or equivalent in law, accounting, management, business, economics or any other relevant social science subject
GRE/GMAT requirement None
English language requirements Law (see 'assessing your application')
Location  Houghton Street, London

For more information about tuition fees and entry requirements, see the fees and funding and assessing your application sections.

Programme structure and courses

You will take the compulsory interdisciplinary course, courses to the value of one full unit each in law and accounting (the choice depending on your specialist background), and a further option in a relevant field. 

(* denotes half unit) 

Corporate Law and Accounting
Acquaints you with the central issues faced by law and accounting in relation to problems of corporate accountability and regulation. It is interdisciplinary in focus, and provides students from varying backgrounds with new perspectives. 

Courses in law, accounting or related fields to the value of two full units from a range of options.

Either
Corporate Financial Disclosure and Investor Relations*
Examines the lens of financial accounting and reporting by covering topics on the interaction of financial accounting and reporting with capital markets with a focus on corporate disclosure and communication strategies.
And
Topics in Financial Reporting*
Enhances the student's ability to relate economic events to financial statements and disclosures.
Or
Management Accounting, Decisions and Control*
which provides an introduction to issues of accounting information and cost management, managerial decision-making and performance measurement
And
Financial Accounting, Reporting and Disclosure
*
Provides an introduction to financial accounting, and highlights aspects of reporting that are important to users of financial information. 

You can find the most up-to-date list of optional courses in the Programme Regulations section of the current School Calendar.

You must note however that while care has been taken to ensure that this information is up to date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options. Note that that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises.

You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore guarantee you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place. These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback. Changes can take the form of altered course content, teaching formats or assessment modes. Any such changes are intended to enhance the student learning experience. You should visit the School’s Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the updated graduate course and programme information page.

Teaching and assessment

Contact hours and independent study

Within your programme you will take a number of courses, often including half unit courses and full unit courses. In half unit courses, on average, you can expect 20-30 contact hours in total and for full unit courses, on average, you can expect 40-60 contact hours in total. Hours vary according to courses and you can view indicative details in the Calendar within the Teaching section of each course guide.

The compulsory course and vast majority of law courses are offered in seminar format with an average of approximately 20 students in the class and a maximum class size of 30 students, allowing you to be actively involved in class discussions and be able to interact both with the teacher and fellow students. Teaching in the accounting courses will normally be by a combination of lectures and classes or seminars. 

You are also expected to complete independent study outside of class time. This varies depending on the programme, but requires you to manage the majority of your study time yourself, by engaging in activities such as reading, note-taking, thinking and research.

Teaching methods

LSE is internationally recognised for its teaching and research and therefore employs a rich variety of teaching staff with a range of experience and status. Courses may be taught by individual members of faculty, such as lecturers, senior lecturers, readers, associate professors and professors. Many departments now also employ guest teachers and visiting members of staff, LSE teaching fellows and graduate teaching assistants who are usually doctoral research students and in the majority of cases, teach on undergraduate courses only. You can view indicative details for the teacher responsible for each course in the relevant course guide.

Assessment

All taught courses are required to include formative coursework which is unassessed. It is designed to help prepare you for summative assessment which counts towards the course mark and to the degree award. LSE uses a range of formative assessment, such as essays, problem sets, case studies, reports, quizzes, mock exams and many others.

The compulsory course is examined by an interdisciplinary long essay and a two-hour examination. The taught courses will be assessed generally by written two-hour (half units) or three hour (full units) examinations which will normally be held during Summer Term. Essays must be submitted in May/June and dissertations in August. To prepare for the exams, you will have access to past exam papers from our library website. An indication of the formative coursework and summative assessment for each course can be found in the relevant course guide.

Academic support

You will also be assigned an academic adviser who will be available for guidance and advice on academic or personal concerns.

There are many opportunities to extend your learning outside the classroom and complement your academic studies at LSE. LSE LIFE is the School’s centre for academic, personal and professional development. Some of the services on offer include: guidance and hands-on practice of the key skills you will need to do well at LSE: effective reading, academic writing and critical thinking; workshops related to how to adapt to new or difficult situations, including development of skills for leadership, study/work/life balance and preparing for the world of work; and advice and practice on working in study groups and on cross-cultural communication and teamwork.

LSE is committed to enabling all students to achieve their full potential and the School’s Disability and Wellbeing Service provides a free, confidential service to all LSE students and is a first point of contact for all disabled students.

Preliminary reading

E Baistrocchi and I Roxan Resolving Transfer Pricing Disputes: a global analysis (Cambridge University Press, 2012)

S Botzem The Politics of Accounting Regulation: international standard setting in financial reporting (Edward Elgar, 2014)

Y Dezalay and D Sugarman Professional Competition and Professional Power: lawyers, accountants and the social construction of markets (Routledge, 1995)

E Ferran, N Moloney, J Hill  and J Cofee The Regulatory Aftermath of the Global Financial Crisis (Cambridge University Press, 2012)

V Finch Corporate Insolvency Law: principles and perspectives (Cambridge University Press, 2012)

D Kershaw Company Law in Context: text and materials (Oxford University Press, 2012)

E Micheler Disguised Returns of Capital – An Arm´s Length Approach (Cambridge Law Journal, Volume 69, Issue 01, March 2010) 

J E Parkinson Corporate Power and Responsibility (Oxford University Press, 1995)

M Power The Audit Society (Oxford University Press, 1999)

Careers

Our graduates go on to careers in a number of roles such as: senior associates, in-house counsel, lawyers working for regulators, traders, banking analysts, regulatory accountants, auditors, consultants and forensic accountants.

Further information on graduate destinations for this programme

Yousouf Hansye

MSc Law and Accounting, 2012
Project Manager,  International Accounting Standards Board (IASB)

Yousouf-Hansye-170x230

Studying in an academically rigorous environment like LSE has allowed me to acquire knowledge and skills that have helped me in my job, enhancing my ability to relate economic events to financial statements and disclosures.

The long essay of up to 10,000 words, a compulsory part of MSc Law and Accounting degree has been extremely helpful in my career due to the numerous skills I acquired. By completing this high-level research, I have acquired skills such as dissertation writing skills, communication, data gathering and analysis. If you have a genuine desire to learn and an honest love for the subject coupled with the ability that is required to undertake this type of study, there is no reason for you not applying. Studying at the LSE was a unique experience for me, so give it a go! 

Support for your career

Many leading organisations give careers presentations at the School during the year, and LSE Careers has a wide range of resources available to assist students in their job search. Find out more about the support available to students through LSE Careers.

Student stories

Tarek El Merhebi

Akkar Lebanon
MSc Law and Accounting

tarekElMerhebi170x230jpg

LSE is very well known for its excellence and the law and accounting courses offer extremely solid foundations for people who could eventually see themselves doing a mixture of legal and business work. This special hybrid profession promises a secure future as demand for it is increasingly exponentially among big multi-disciplinary practise firms. Studying at LSE will expand your business horizons in ways you can’t even imagine.

Assessing your application

We welcome applications from all suitably qualified prospective students and want to recruit students with the very best academic merit, potential and motivation, irrespective of their background.

We carefully consider each application on an individual basis, taking into account all the information presented on your application form, including your:

- academic achievement (including predicted and achieved grades)
- personal statement
- two academic references
- CV

See further information on supporting documents

You may also have to provide evidence of your English proficiency, although you do not need to provide this at the time of your application to LSE. See our English language requirements.

When to apply

Applications for this programme are considered on a rolling basis, meaning the programme will close once it becomes full. There is no fixed deadline by which you need to apply, however to be considered for any LSE funding opportunity, you must have submitted your application and all supporting documents by the funding deadline. See the fees and funding section for more details. 

Minimum entry requirements for MSc Law and Accounting

Upper second class honours (2:1) degree or equivalent in law, accounting, management, business or economics.

Competition for places at the School is high. This means that even if you meet the minimum entry requirement, this does not guarantee you an offer of admission.

See international entry requirements

Fees and funding

Every graduate student is charged a fee for their programme.

The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It does not cover living costs or travel or fieldwork.

Tuition fees 2018/19 MSc Law and Accounting

UK/EU students: £22,440
Overseas students: £22,440

Fee status

For this programme, the tuition fee is the same for all students regardless of their fee status. 

However any financial support you are eligible for will depend on whether you are classified as a Home (UK/EU) or Overseas student, otherwise known as your fee status. LSE assesses your fee status based on guidelines provided by the Department of Education.

Further information

Fees and funding opportunities

Fee reduction

Students who completed undergraduate study at LSE and are beginning taught graduate study at the School are eligible for a fee reduction of around 10 per cent of the fee.

Please refer to the Fees Office website for further information.

Scholarships and other funding

The School recognises that the cost of living in London may be higher than in your home town or country, and we provide over £11.5 million in scholarships each year to graduate students from the UK, EU and overseas.

This programme is eligible for needs-based awards from LSE, including the Graduate Support SchemeMaster's Awards, and Anniversary Scholarships

Selection for any funding opportunity is based on receipt of an application for a place – including all ancillary documents, before the funding deadline. 
Funding deadline for needs-based awards from LSE: 26 April 2018.

In addition to our needs-based awards, LSE also makes available scholarships for students from specific regions of the world and awards for students studying specific subject areas.

Check the latest information about scholarship opportunities

Government tuition fee loans and external funding

A postgraduate loan is available from the UK government for eligible students studying for a first master’s programme, to help with fees and living costs. Some other governments and organisations also offer tuition fee loan schemes.

Find out more about tuition fee loans
Find out more about external funding opportunities

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