Three UM Carey Law students won first place in drafting and third place in negotiating at the regional fourth annual Transactional LawMeet, a competition in which students engage in mock negotiations after drafting a transactional agreement. 3Ls Nathan Bondar and Eldon Hong and 2L Peter Kleinberg compteted in the Mid-Atlantic Regional meet, hosted by Drexel University Earle Mack School of Law, a co-sponsor of the event. Nationwide, 78 teams participated in the competition.
The LawMeet requires students to draw on their research and problem-solving skills, drafting ability, business sense, understanding of contracts, and negotiation savvy. Each year competition organizers present student teams with a unique and complex business transaction simulation that challenges them to secure the best possible outcome for a fictional client. UM Carey Law students successfully facilitated a $1.5 billion stock sale, starting with the drafting of a purchase agreement amendment and ending at the negotiation table in Philadelphia, where they faced three opposing teams while panels of expert practitioners observed.
“The Transactional LawMeet is the premier ‘moot court’ experience for students interested in a transactional practice,” according to the LawMeet website. “The Transactional LawMeet forms a part of the LawMeet family of live, interactive, educational competitions designed to give law students a hands-on experience in developing and honing transactional lawyering skills.”