James Donovan of Goldman Sachs also works as a professor at the University of Virginia School of Law. During a lunch time lecture, Jim Donovan discussed the importance of learning the language of business. He explained that it would be wise for students to take classes from the Law and Business program in order to become familiar with business terms
He said: “Business people speak in terms of…’comparable merger analysis,’ ‘discounted cash flows,’ and unless you’ve taken classes or spoken in those terms, you can be intimidated by them. I’ve seen lawyers who are practicing law day in and day out, case in and case out, shut down and become intimidated in a room where people start throwing around business terms. The fact is, the language of business is simple.”
