Deadline for applications
Deadlines for Home/EU and International Applicants are available on the Taught Postgraduate application deadline page.
The LLM Law and Economics is a joint programme offered by the Centre for Commercial Law Studies and the School of Economics and Finance at Queen Mary University of London. It is a specialist programme which aims to provide rigorous training in theoretical and applied economic analysis as a means of analysing law and the legal framework. It is designed for students with an academic background in Law or Economics.
This Masters in Law course will enable lawyers to master a new discipline and to consider financial and economic dilemmas, and allow economists to comprehend the rationale for regulation and how to think like a lawyer.
This programme will:
- Enhance your career options by allowing you to specialise in the highly sought after interdisciplinary areas of law, economics and finance.
- Provide you with the theory, knowledge, practical skills and latest developments required to work in both emerging and established economies in legal, banking, financial, governmental or research institutions.
- Give you the chance to meet leading practitioners in banking, finance and law.
Similar to the new Diploma in Law and Economics and Certificate in Law and Economics programmes, this course is presented with a fully integrated careers programme and extensive industry links that aim to maximise students' employment prospects.
Institute of Global Law, Economics and Finance
The Institute for Global Law, Economics and Finance (IGLEF) at Queen Mary is a forum for stimulating and conducting interdisciplinary research and disseminating knowledge on the areas of law, economics and finance.
Why study your LLM in Law and Economics at Queen Mary?
The School of Law is firmly established as a centre of national and international excellence in legal studies and research, with leading academics in the field of banking, finance, regulation, insolvency, international commercial law and insurance law, including Professors Rosa Lastra, Philip Rawlings, George Walker, Rodrigo Olivares-Caminal and Dr Leon Vinokur.
The School of Economics and Finance is one of the top economics schools in the country, with particular expertise in economic theory, econometrics and finance, and applied economics including Professors Francis Breedon, Emmanuel Guerre, Marco Manacorda, Xavier Mateos-Planas, Dr Leone Leonida and Professor Ioannis Kokkoris.
High profile guest lecturers teaching on the courses have included Sean Hagan, General Counsel and Director of the Legal Department at the International Monetary Fund (IMF), Graham Nicholson, Chief Legal Advisor, Bank of England, Mr Lee Buchheit, Partner, Cleary Gottlieb Steen & Hamilton LLP, USA.
You will have access to an unparalleled set of optional short courses designed to equip you with further practical training and key technical skills that are highly valued in the Financial Sector.
Hui Zheng, Allen & Overy, gave a guest lecture on this programme. He said:
“Mastering the complexities of economics and finance is essential for anyone intending to become an effective international corporate or banking lawyer”
You will have access to facilities and equipment at both Schools, including the Postgraduate School of Law Centre in Lincoln's Inn Fields, Holborn, based in the legal district of London, which comprises of workstations, wireless internet access, projectors and a common room. The Graduate Centre at Mile End campus will also provide work areas and social spaces tailored specifically to the needs and working patterns of postgraduate students.
As well as housing the Law Library and a European Documentation Centre, the Queen Mary Library at Mile End provides access to all the main British, European and international textbooks, law reports and periodicals and also offers one of the best commercial law collections in the country. Through the University of London College network, students have access to an unrivalled range of electronic law journals and databases.
In addition, Queen Mary provides free access to extensive online databases and collections including: Lexis, Nexis, Westlaw, Justis, Eur-lex, Hein-Online, Business Source Complete, Index to Legal Periodicals, International Court of Justice Reports, Kluwer Arbitration, Oxford Scholarship Online (Law), Reports of Patent, Design and Trademark Cases, UK Statute law database and United Nations Treaty Collection.
You will be able to access the well-stocked law library at the University of London’s Institute of Advanced Legal Studies (IALS). The Institute, located at Russell Square, a few minutes’ walk from Lincoln’s Inn Fields, is one of the major law libraries worldwide. You will also have access to the University of London Library at Senate House.
The School of Economics and Finance is able to offer excellent facilities and resources to its students.
- Real Time Data/Trading Software: Queen Mary is one of the few UK universities offering training and access to both Reuters and Bloomberg trading terminals (in our designated trading room) as well as Interactive Brokers Trader Workstation (TWS) and FXCM FX Trading Station.
- Time Series Data Software: A full range of economic and financial data is available through DataStream, Macrobond and the WRDS platform (including Bankscope and CRSP).
- Statistical Analysis Software: A wide range of Econometric software including Eviews, Stata, Matlab, Gauss etc.
- 2 computers labs with 70 PC s and designated printers.
- Designated Trading Room offering training and access to Reuters, Bloomberg, Interactive Brokers Trader Workstation (TWS) and FXCM FX Trading Station.
The LLM in Law and Economics is available to study full-time for one year or part-time over two years.
The programme of study provides a flexible mix of classroom based teaching (assessed by formal examinations and/or coursework) through:
- An introductory pre-sessional in mathematics and statistics
- Two compulsory taught modules which lay a foundation to Law and Economics theories
- A 10,000 word dissertation
- Choice of optional law and/or economic modules.
For the LLM in Law and Economics you take a total of 180 credits. The two compulsory modules and the dissertation have a value of 90 credits. The remaining 90 credits are to be selected from the range of law or economics modules.
You programme has one of pathway and you can study this if you have a legal background or an undergraduate degree in law; or if you have an economic/finance background or have an undergraduate degree in economics or finance.
If you want to review concepts such as statistical distributions and matrix algebra, you also have the option to attend pre-sessional modules during induction week of the first term within the School of Economics and Finance. You will be also presented with basic statistics and statistical software during the first term.
You are required to balance your taught modules equally across the two teaching semesters – a full explanation of this process will be available during induction and before module selection.
The part-time LLM is essentially aimed at legal/ finance practitioners working full-time in the UK. You will attend the same modules and follow the same teaching timetable as full-time students.
The part-time programme is, however, spread over two academic years.
In year one, you will normally complete both compulsory modules worth 60 credits plus a further 30 credits of taught optional modules. In year two, you will normally take a further 60 credits of taught modules and submit the compulsory 10,000-word dissertation (30 credits). This can of course be changed if necessary, as the dissertation can actually be done in either year. However we would always advise part-time students to take 90 credits of taught modules in their first year if they are timetabled in a convenient slot.
Although not recommended, it is possible for part-time students, who are having difficulties in finding taught modules that fit in with their work timetable, to submit two 30 credit dissertations – one per year. This would then enable you to take only 30 credits of taught modules each year, normally one module per semester.
- Pre-sessional course in mathematics and statistics (OPTIONAL)
- Pre-sessional course in law (OPTIONAL).
- CCLF003 Dissertation – 30 credits
- CLF001 Law and Economics - 30 credits
- CLF002 Advanced Law and Economics – 30 credits
A further 90 credits from the optional law and/or economic modules:
Visit the LLM in Law and Economics module page to see the full list of modules available on this course. Please note that not all options will be available every year.
Kate Allen, Joint Programmes’ Administrator (LLM Law and Economics / MSc Law and Finance)
Tel: +44 (0)20 7882 7228
Dr Rodrigo Olivares-Caminal
The usual qualification for entry to the LLM in Law and Economics programme is a degree in Law or Economics (Finance) or overseas equivalent, of at least 2.1 honours (or equivalent). Graduates with a good 2.2 honours who also have other legal qualifications and/or substantial professional legal experience may also qualify.
In all cases, a full online application is required in order for a fair assessment and decision to be made. Each application is considered on its merits and on sight of full application documents. A full and detailed CV is required for all applications and is particularly relevant where professional experience needs to be considered.
Non-native English speakers are required to have a minimum of IELTS 7 or equivalent.
Students from outside of the UK help form a global community here at Queen Mary. For detailed country specific entry requirements please visit the International section of our website. If your first language is not English, you must provide evidence of your English language proficiency. Find details of the English language entry requirements for postgraduate law programmes.
Any student who scores 6.5 or below in the IELTS Writing component (or equivalent) is required to attend the Queen Mary in-sessional Critical Thinking and Writing in Law Programme; this programme is free to QM students and runs in terms 1, 2, and 3. Students with higher English language scores may join this programme if they wish. See QMUL's Language and Learning website for more information.
Learning and teaching
As a student at Queen Mary, you will play an active part in your acquisition of skills and knowledge. Teaching is by a mixture of formal lectures and small group seminars. The seminars are designed to generate informed discussion around set topics, and may involve student presentations, group exercise and role-play as well as open discussion. We take pride in the close and friendly working relationship we have with our students. You are assigned an Academic Adviser who will guide you in both academic and pastoral matters throughout your time at Queen Mary.
For every hour spent in classes you will be expected to complete further hours of independent study. Your individual study time could be spent preparing for, or following up on formal study sessions; reading; producing written work; completing projects; and revising for examinations.
The direction of your individual study will be guided by the formal study sessions you attend, along with your reading lists and assignments. However, we expect you to demonstrate an active role in your own learning by reading widely and expanding your own knowledge, understanding and critical ability.
Independent study will foster in you the ability to identify your own learning needs and determine which areas you need to focus on to become proficient in your subject area. This is an important transferable skill and will help to prepare you for the transition to working life.
In addition to the dissertation, students are assessed by a combination of coursework and exams. Each module has its own distinct method of assessment. You will have to take this into account when choosing your modules and when planning your study time over the academic year.
You will also complete a dissertation of 10,000-words.
Teaching Staff who contribute to this programme include:
School of Economics and Finance
- Professor Francis Breedon
- Andrea Carriero
- Giulio Fella
- Professor Emmanuel Guerre
- Leone Leonida
- Professor Marco Manacorda
- Daniela Tavasci
- Chris Tyson
- Roberto Veneziani
School of Law
- Professor Stavros Brekoulakis
- Dr Gail Evans
- Dr Fima (UCL)
- Professor Anne Flanagan
- Dr Gabriel Gari
- Jonathan Griffiths
- Dr Christiana HJI Panayi
- Professor Julia Hörnle
- Professor Rosa Lastra
- Dr Rafael Leal-Arcas
- Professor Julian Lew
- Professor Llewelyn (KCL)
- Professor Spyros Maniatis
- Professor Duncan Matthews
- Professor Loukas Mistelis
- Professor Rodrigo Olivares-Caminal
- Professor Philip Rawlings
- Professor Chris Reed
- Graham Roberts
- Dr Costanza Russo
- Dr Dorit Samuel
- Dr Noam Shemtov
- Adrian Sterling
- Professor Uma Suthersanen
- Joy Svasti-Salee
- Professor Ian Walden
Tuition fees for Home and EU students2019/20 Academic Year
Full time £15,100
Part time £7,550
Tuition fees for International students2019/20 Academic Year
Full time £22,150
Part time £11,075
Part time fees are charged per annum over two years for a two year programme and per annum over three years for a three year programme. A percentage increase may be applied to the fees in years two and three.
This increase is defined each year and published on the intranet and in the Tuition Fee Regulations. A 3% increase was applied to the unregulated university fees in 2019/20. Further information can be viewed on our University Fees webpage, including details about annual increases.
School of Law scholarships
The School of Law offers a range of scholarships for Law Masters programmes each year.
Alexa Adriazola Burga, Peru
2016-2017 LLM in Law and Economics
I was looking for programmes that combine Law with Finance or Economics, since working as a tax lawyer in a Peruvian law firm let me identify that clients need a lawyer that is able to understand their business needs from a legal and economic perspective. Also, the reality of my country showed me that most of the social, political and economic problems have interdisciplinary backgrounds that must be understood before we try to propose and implement a solution.
Bearing this in mind, I found that the only programme that fulfilled my expectations was the LLM Law and Economics from QMUL. The main aspects I took into consideration were the modules taught, the fact that the university is in London, which is one of the most cosmopolitan cities and, of course, that I would be able to practice the language. Therefore, studying in QMUL and living in London was a unique opportunity.
LLM Law and Economics 2017-18
Before pursuing my LLM, I completed my Bachelor of Laws from Vivekananda Institute of Professional Studies, Delhi, India. Thereafter, I joined the bar to practice law at the Supreme Court of India, being one of the youngest to practice there. Pursuing the subject of International Trade Law at law school acted as a catalyst towards my interest in the field of WTO Law. When I started my LLM at the School of Law at Queen Mary University of London I also chose to study WTO Law modules. These modules were among the most interesting modules I studied and because of the interesting nature of the lectures, I made sure that I never missed one. The enthusiasm, energy and interactive nature of Dr Gabriel Gari, coupled with discussing and solving real-life trade law problems, made the lectures outstanding. I got a distinction for my LLM dissertation on the topic ‘Implementation in the WTO Dispute Settlement: Its Effectiveness in the Decision Making in TRIPS.’ The aim of my dissertation was to analyse how effective the Dispute Settlement System of the WTO has been in addressing disputes arising out of the TRIPS agreement.
The career support at Queen Mary was excellent and very helpful, specifically the one-to-one appointments with the consultants at the Careers and Enterprise Centre. The centre also organises frequent seminars and events, and a few career fairs.
After completing my LLM, I interned with the United Nations Commission on International Trade Law: Regional Centre for Asia and the Pacific in South Korea (UNCITRAL: RCAP). It was a great experience to work at an international organisation of this stature and to live in a different culture altogether. At UNCITRAL: RCAP most of my work was research based. I conducted research on a wide range of issues including researching on national arbitration laws of the Asia-Pacific countries, development of e-commerce laws in the Central Asia Regional Economic Cooperation member countries, and contractual networks structure of the MSMEs in the Asia-Pacific region. I was the staff member in charge of the UNCITRAL: RCAP at the 6th OECD World Forum and also supported with the organisation and hosting of the Seoul ADR Festival. My long-term goal is to be a specialist in the field of WTO Law and perhaps work at an organisation related to international trade law or to represent ‘Member States’ in WTO disputes.
To sum up, pursuing an LLM at the School of Law at Queen Mary was an amazing and enriching experience. I would highly recommend it.
- Emeritus Professor Charles Goodhart lectures on the origins of central banking and the history of supervision
23 November 2015
- Former General Counsel of the EBRD gives the MSc Law and Finance/LLM in Law and Economics end of term lecture
10 April 2015
- Dr Gabriel Gari to speak at 2014 ICTSID - WTI conference
22 November 2014
- QMUL Partners with Chinese University of Hong Kong for new Arbitration Survey in China
20 November 2014
- Professor Rodrigo Olivares-Caminal to take part in Sovereign Debt Conference in Glasgow
10 May 2014
- Centre for Commercial Law Studies to collaborate with Seven Pillars Institute for Global Finance
23 April 2014
- Professor Rodrigo Olivares-Caminal participated in the Insolvency Lawyers’ Association Academic Forum 2014
22 March 2014
- Dr Gabriel Gari to participate in the Latin American Research conference in Mexico City
19 February 2014
- Professor Rosa Lastra - Cross-border resolution and bank structural reform
31 May 2012