Andrew Flippo and Megan Foscaldi, both second-year law students at BU Law, will be competing for the National Championship Title of the Transactional Law Meet (http://transactionalmeet.lawmeets.com/about) competition on March 29th and 30th at the Earle Mack School of Law at Drexel University in Philadelphia.
In its third year, the Transactional Law Meet competition requires participants to draft, mark-up, and negotiate deals, essential skills for a transactional lawyer. At the regional and national level, the competition has participants (1) prepare a proposed executive employment agreement, (2) prepare mark-ups to draft agreements prepared by opposing teams, and (3) negotiate against other teams in person. Only the top two teams on each side of the problem are invited to the national competition.
Last November, Flippo and Foscaldi won the BU school-wide competition, negotiating the purchase of a company by a private equity fund. Advancing to the Northeast regional round, the pair were assigned to represent the employer in a negotiation of an executive employment agreement for a new chief executive officer. In preparation, Flippo and Foscaldi met with Professor Tina Stark, head of the Transactional Law Program at BU, as well as with other professors and practicing attorneys knowledgeable in employment issues. At the meet, the pair negotiated against three different teams, placing second on the employer side–thus, qualifying for nationals.
The success of each team will hinge on their success in achieving their client’s goals and the goals of the parties to the transaction. The competition’s panel of experts evaluates lawyering skills, drafting, marking-up and negotiating techniques along with knowledge of corporate and business law.
Secretary, Business Law Society