Actually John, LCR's curriculum includes three 20-minute sessions in between race practices plus the "exhibition race" which is your "final exam".
LCR's Saturday school's focus is to help a rider obtain a racing license. The expectation is that you already have a grasp of the fundamentals of performance riding. And yes, if you want to participate in their Advanced Clinics, you'll need to hold a racing license. I've taken the Advanced Clinic, and recommend it highly. I wish they were offering it at more venues.
Macius, if you want to go racing, then LCR is a cost- and time-effective way to go. You can take the school, purchase your license on Saturday and go racing the very next day.
On the other hand, if your objective is to just do track days, there are a number of other schools that may give you more "in-depth" instruction on the fundamentals of performance riding. Everything from VisionSports at Blackhawk (another "thumbs-up
, or Freddie Spencer's school in Las Vegas, depending on how much you want to spend, and whether you want to travel. And then there are the trackday organizations (NESBA, STT, PTT and TrackAddix) - all of which offer varying levels of instruction/coaching for a reasonable price.
Hope to see you at an event this summer!