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Such a true depiction!!
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Putting together initial drafts of ancillaries, proofing docs, researching market terms. I wouldn’t feel comfortable with a first year actually drafting anything in a purchase agreement. Bringing a precedent for leads, sure. But not actual drafting.
We often ask first years to proof/review purchase agreements. Some have taken this as “I’m better than proofing” but you’re really not. Take it as an opportunity to really read and do your best to understand what the purchase agreement is saying. You won’t get a lot of it until one day it kind of clicks and you start understanding a lot more (though you still don’t know that much).
See this as a fantastic opportunity, and much better than the alternative of spending all day in a data room reviewing change of control provisions.
You will be thanking this guy in 12 months when you compare your experience to your peers.
Little to zero legal knowledge (other than what senior/partner have expressly told you previously and/or to be aware of). Best piece of advice, having previously been in your exact situation, treat everything you do as if you’re the partner. In other words, exhaust all options with every task throughout the deal. Also, and a big one, no stupid/careless/dumb mistake (think typos, poor grammar, incorrect formatting/sig blocks, etc.). As far as substantive craftsmanship goes, talk w someone you trust about precedents. Makes sense to do internal digging on your own, too. You got this, good luck!!
Thanks for the reply! I’ve been feeling like I’ve been doing a good job of looking into issues myself and submitting good, error-free work. It’s just this one senior associate who is constantly causing me to feel like I’m in completely over my head, and I think it’s because he takes on too much work and assigns me work when he’s too overwhelmed to think through what he’s asking me to do (as evidenced by the fact that I frequently do something exactly as asked only for him to have me completely redo it two days later because of some issue he hadn’t considered when he assigned it). For a few weeks, I was frustrated for my own sake, but at this point I’m more worried about the guy’s wellbeing and the fact that I see so many (generally insignificant but noticeable) mistakes make it into his emails to clients.