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21 March 2011

What does the team do?

The team facilitates a variety of corporate transactions – including business restructure, mergers, acquisitions, and management buy-outs. The team also boasts banking and tax specialists which often form an integral part of any given transaction.

What type of work does a trainee do?

You get a fair variety – you will get plenty of practice creating board minutes and written resolutions, writing up a company’s statutory books as well as a host of Companies House filings. In addition you will also get involved in more significant drafting exercises such as share purchase agreements and bespoke articles which allow you to really get to grips with client’s needs. Trainees get to handle the due diligence aspect of a given transaction which often includes creating and managing a virtual data room and creating the due diligence report.

You will receive work from all members of the team, which is really useful for comparing different working styles.

What level of responsibility/hands on experience (i.e. manage your own files etc) does a trainee receive?

By the end you will be given a quite a high level of responsibility, but this is not to say that you will simply be left to your own devices, the support and guidance is there when needed. Given the nature of corporate work, although you may be responsible for a lot of the work involved in a transaction, you won’t be given your own files, but instead will form part of the team working on that particular deal.

How much client contact does a trainee get?

You get a fair amount, in a variety of forms, including emails, telephone calls and face to face meetings.

What has been the highlight for you in this seat?

A real highlight came fairly early on, as I was heavily involved in a transaction from its inception to its completion. The sense of satisfaction I felt and the gratitude received from the clients was highly rewarding.