SEATTLE -- UW law 3Ls Julia Conway and Matthew Viers earned first place overall and "best draft" awards at the 2012 Western Regional Transactional LawMeet at UCLA School of Law, February 17. The awards were based on the UW team's representation of a hypothetical client in negotiations against teams representing the counterparty. Ten teams, from nine law schools, competed in the Regional Meet.
The Transactional LawMeet provides students with a simulation of transactional practice. The competition assigns teams to represent one of two parties seeking to reach a deal. This year, teams represented either an executive employee or her prospective employer.
To begin the regional competition, teams prepared a draft executive employment term sheet. Then, each team marked-up draft term sheets prepared by teams representing the counterparty. During the three Regional Meet rounds, the team negotiated against the teams whose drafts they had marked-up. Teams' goals during the Meet were to negotiate most effectively on behalf of the party—executive or employer—that they represent.
Going into the competition, UW Assistant Professor of Law Anita K. Krug helped Conway and Viers prepare a draft that would be a good foundation for negotiations.
"Doing well at the regional rounds was encouraging in that it may mean I'm a bit more prepared for real-life lawyering than I once thought," Viers said. "Many thanks to Professor Krug for her valuable insights into how 'real' attorneys would tackle the meet's hypothetical."
Krug said the students' victory marks a great launch to the school's new Law, Business & Entrepreneurship Program.
"I am thrilled with Matt's and Julia's performance in the regional meet," she said. "It is my hope and intent that, through LBE, our students will compete in the TLM going forward—and hopefully will continue to achieve this level of success."
Conway and Viers will now move on to compete in the National Transactional Law Meet, which will take place March 29-30 in Philadelphia at Drexel University.
"Now, as we prepare for nationals, we will use the skills we acquired at regionals to revise our term sheet and get ready for the negotiation rounds," Conway said. "We hope to make UW proud in Philadelphia!"
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