While forming layer-by-layer (LbL) electrostatic assembly of a magnetic organic molecule, namely, nickel phthalocyanine (NiPc), we apply a magnetic field. The field orients the magnetic moment of the molecules on a monolayer along the direction of magnetic field. Such an orientation of the molecules is then electrostatically immobilized with a monolayer of a polycation. By repeating the dipping cycle, we form LbL films with planar NiPc molecules facing a particular direction. With NiPc's moment perpendicular to the molecular plane, two types of LbL films were formed: (a) NiPc's molecular plane parallel to the substrate (moment is perpendicular) and (b) molecules perpendicular to the substrate and facing one particular direction, the direction of magnetic field. Such films, with the molecules lying either (a) parallel or (b) perpendicular to the substrate, provide unique systems to study anisotropy of optical, dielectric, and electrical characteristics in these planar organic molecules. The latter film responds to the polarization of incident beam in electronic absorption spectroscopy. Here we show methods to obtain an orientation of molecules in LbL films and study anisotropy of dielectric constant and conductivity of the molecules in ultrathin films.