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Spending time in the property department working with the retail team

22 March 2011

What does the team do?

The property retail team act for various companies from high street companies you see everyday to luxury global brands. The work on the whole is landlord and tenant based transactions. Day to day work includes the drafting of transactional documents, for example; leases, sub-leases, licences, agreements for lease etc. These documents often involve lots of negotiation in order to get the best position for the client. These are sometimes negotiated at all parties meetings or on conference calls. The seat also involves advising clients as to their position under their contractual documents and ensuring that the client is fully informed and, of course, that they get the best deal possible.

What type of work does a trainee do?

The trainee in this seat will do lots of drafting of documents and marking up documents with client amendments, this involves using precedents and free-hand drafting. The trainee will also carry out completions and deal with post-completion matters such as dealing with land registry formalities and stamp duty land transaction returns. The trainee also will carry out title and lease reports and research. The trainee will get the chance to run and progress their own files and contact clients by a variety of methods.

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

The trainee will initially carry out work under supervision on other team member’s files, then the trainee will be given the responsibility to run their own files from initial instruction and learn how to progress files and take to completion. The seat is very hands on and the trainee will get work from other members of the team and get to experience a variety of work and a variety of clients.

How much client contact does a trainee get?

There is daily contact with many clients via phone and email; there are some opportunities to meet with clients at meetings and take part in conference calls.

What has been the highlight for you in this seat?

I think the highlight for me has been taking an instruction through from initial instruction to completion and seeing my file progress with my amendments and negotiated points being included. The responsibility you get in property really develops your skills.