Frequently Asked Questions
What is the National Transactional LawMeet?
The National Transactional LawMeet is the premier interscholastic competition for law students interested in transactional practice. Future litigators have scores of “moot court” opportunities that provide them a courtroom experience. The Transactional LawMeet provides future business lawyers a taste of “doing deals.”
When and where will the LawMeet be held?
The Regional LawMeets for the 2015 National Transactional LawMeet will be held on February 27, 2015 in seven regions, including: 1) New England Region 2) Mid-Atlantic Region 3) Southeastern Region 4) Midwestern Region 5) Midwestern Region 6) Western Region 7) Southwestern Region Host schools are to be determined. The National LawMeet will be held on Friday April 1, 2016.
How many members are on a team? How many teams can each law school have?
Teams must consist of two or three members but only two can participate in any given round. The third may only participate in a given round as an observer. Individual students may not compete on their own, all students must participate in a team.
Each school may register up to two teams. While a school can register up to two teams, the teams cannot participate in the same Regional LawMeet.
As a law student, how can I participate?
Participating teams are generally selected by a faculty advisor at each law school. How a faculty advisor selects team members varies from school to school. If you would like to know who the faculty advisor is at your school or if you would like to register a team, please email us at firstname.lastname@example.org. While some schools select teams through a faculty sponsor, other schools select teams through student organizations. Similar to Moot Court Boards, many schools are creating Transactional LawMeets Boards to facilitate practical learning experiences for students interested in a transactional practice. To learn more email us at email@example.com.
How do teams prepare for the LawMeet?
All teams will be working on a common transactional problem. Each team will be provided with a case statement that sets out the factual background for the problem and introduces the parties to the transaction. All teams will be provided with a precedent form of agreement. Teams will also receive a video recording of an interview with their respective client and will have an opportunity to communicate with their client as they prepare the proposed draft agreement. We will provide research guidance. Generally, however, teams will be left on their own to figure out and find the resources they require.
Are there restrictions on the resources we can use to prepare? How much help can we get?
It is expected that teams will work primarily on their own in drafting the agreement and mark-ups and in preparing for the LawMeet. Only two team members will be allowed to participate in a round (with the option of having a third member and a faculty advisor observe during each round), and no other person may be present or consulted during a round. Generally, teams are expected to use and rely upon their own, independent work product. Keeping this general principle in mind, there are no restrictions on the outside resources, including outside experts such as practitioners and law professors, that a team may consult in developing their independent work.
How much work is involved? Can I receive course credit?
The time commitment is a decision you and your teammates must make. Past Transactional LawMeet teams have reported spending “hundreds of hours” preparing for the LawMeet. Many schools offer participants in the LawMeet course credit (similar to moot court teams). This is a decision of each individual law school and should be discussed with the faculty advisor.
Are there any prerequisites or recommended prior course work for participating in the LawMeet?
Generally, we assume that team members will have completed their 1L year (although 1L students are free to participate) and have taken the basic business law course. However, there are no prerequisites. The LawMeet is open to any interested student.
Can LLM students participate on a team?
What exactly will we be required to do and by when?
For the Regional LawMeets, each team will be required to submit a proposed draft agreement by February 6, 2015. In addition, each team will be required to submit a mark-up of one draft agreement submitted by one of the teams they will encounter during the the Regional LawMeet. The mark-ups are due on February 20, 2015. Teams that advance to the National LawMeet will have an opportunity to submit a revised draft agreement by March 13, 2015, however revisions are not required. Teams advancing to the National LawMeet are required to submit one mark-up of a team they will negotiate during the preliminary rounds of the National LawMeet by March 27, 2015.
What happens at the LawMeet?
At the LawMeet, teams participate in “rounds”, each one and a half hours in length. During each round, teams come together to attempt to resolve the open issues and reach an agreement for the benefit of their respective clients. These rounds are conducted before a panel of experts from practice who judge each team’s performance and provide feedback to the teams at the end of each round.
What should I do if, during the LawMeet, I receive a draft agreement to red-line and it is already red-lined?
If you receive a draft agreement to mark-up and it still shows comments and changes from the team that wrote it, destroy the document immediately and email firstname.lastname@example.org. We will contact the team that wrote the draft and obtain a clean copy for you.
What if I registered a team but can no longer participate?
Unfortunately, participation in the LawMeet is non-refundable. If your team is no longer able to compete, we urge you to find a replacement team.
The case statement for this year’s LawMeet will be distributed on Friday, December 12, 2014. Prior to that date, all registered teams will receive access to a team-only website. The website will include complete team instructions and other relevant information. In the meantime, if you have any questions, please feel free to email us at email@example.com.