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I think of myself as a corporate transactional lawyer with a specific skill. It’s basic deal work - Purchase Agreements, loan agreements, JV agreements. But we also review and understand title and survey materials, title insurance, commercial leases and property management agreements. Mind numbing attention to detail.
Attention to detail doesn’t seem so bad, better than doc review anyway. Thanks!!
It involves many checklists and checklist calls, drafting and reviewing various docs, and hounding various parties by phone/email to get things done by the closing date.
Subject Expert
Lol. Yes it’s a lot of copy pasting but that is an oversimplification. E.g., I need to draft a 200 page loan agreement. I’m given a 14 page term sheet with the business terms, the clients form loan agreement to start from and there’s like 20 concepts in the term sheet that aren’t in the form loan agreement. Now I go look at 15 similar deals to see if they have the first concepts I need to come up with language for, I find a vaguely similar concept in 3 of them, I read through all 3 for inspiration/plagiarism and mishmash them together to cover the concept properly and in the way most favorable to my client and aligning defined terms to what’s in the form or creating new defined terms for what’s not. Now rinse and repeat to get the rest of the new concepts from the term sheet incorporated. New concept #7 isn’t in any of the precedents I can find so I make up some language from scratch and pray for the best. Then make sure to choose the right options within the form for everything else in the term sheet. This whole process can take 2-5 days.
Basically the same as M&A and Finance, but with dirt
PSAs, title and survey, loan docs, leases…
It is! Thank you