What qualities and skills do you think separate a great corporate transactional lawyer from the rest? What does it really take to excel in this area of law?

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Ability to go without sleep - no joke

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Friends and family who own big businesses.

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Attention to detail, responsiveness, cocaine/adderall, personable with clients etc.

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Political savviness, likeability, and average competence.

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Ability to see the bigger picture. You can either be the “tick the box” transactional lawyer, or you can be a deal partner. Don’t get so deep in the weeds that you become the reason the deal doesn’t close.

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Sub 4.7 40 yard dash, 315 bench, 450 squat. You’re going to be moving a lot of paper around the office over the years and you’ll have to do it fast. You can’t be breaking down physically.

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Confidence is huge. Can’t be a shrinking violet in this field

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A4 is the only right answer.

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Taking the time to understand your clients’ business and risk tolerances, and being able to provide guidance as to the potential risks and rewards associated with taking a particular action (or not taking it). So many transactional attorneys simply say no, you can’t do something because it doesn’t 100% comply with applicable laws. The reality is that no business complies with every law, and sometimes they will make a decision not to if the rewards outweigh the risks. It is our job to provide guidance and help them make an informed decision (so long as you aren’t participating in fraud or other things that result in a breach of your fiduciary duties).

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To A9’s point, I have a lot of friends on the investment side of real estate and they all say that one of the worst aspects of their job, if not the worst, is having to deal with myopic attorneys who try to be heroes and ultimately stop them from pushing the ball across the goal line.

Don’t lose sight of the bigger picture. No need to be a hero.

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Expertise in corporate law, analytical skills, attention to detail, communication and negotiation skills, business acumen, teamwork, and professionalism are all required for a great corporate transactional lawyer. They must be able to identify legal issues, come up with creative solutions, and negotiate favorable terms for their clients while keeping their own interests in mind.

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- ChatGPT

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Just be better than the other associates

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U need to be specific.

Photographic memory

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Kindness and empathy.

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Yes this is true. Especially when dealing with founders who have a lot of baggage and/or difficult relationships with key people

Probably better communication, writing and negotiating skills. Since you will be representing companies, corporations and other businesses you have to someone with confidence expert knowledge of the corporate law.

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