2016-17 Business Law Competitions Information
Description: 2016-17 Business Law Competitions Information Session Business Law Competitions 2016-17 Business Law Competitions 2016-17 Lowell Milken Institute-Sandler Prize for New Entrepreneurs Intramural Transactional LawMeet Transactional LawMeet
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slide1. 2016-17 Business Law Competitions Information Session<br>
slide2. Business Law Competitions 2016-17 Business Law Competitions 2016-17 Lowell Milken Institute-Sandler Prize for New Entrepreneurs
Intramural Transactional LawMeet
Transactional LawMeet
Bankruptcy LawMeet
Pircher, Nichols & Meeks Joint Venture Challenge<br>
slide3. Lowell Milken Institute- Sandler Prize for New Entrepreneurs<br>
slide4. What is the Transactional Law Meet?<br>
slide5. What is the Difference between the Intramural Meet and the National Meet? Intramural Meet for UCLA Law Students Only
Open to 2L, 3L, LLM and S.JD students
Competition on October 14 from 12:15-6:00
National Meet
72 schools in 12 regions of the US
Students compete in a regional competition on Feb. 24, 2017
Regional winners advance to national finals on March 31, 2017
Team selected by coaches<br>
slide6. Structure of Transactional Meets Each team is provided a simulated problem
Teams create a draft agreement
Intramural Meet it will be specific sections of an asset purchase agreement
National Meet TBD
Teams Mark-up another Team’s draft agreement
Teams Negotiate their agreements on the date of the competition
Students receive skills training and practice<br>
slide7. Intramural Meet Student Training Online MyLaw self-study materials available September 16
Live Training:
September 21 - 12:15-1:30
Introduction to the Case; Financial Statements and Introduction to Asset Purchase Agreements
September 23 – 12:30-3:00
Introduction to Contract Drafting and Negotiation
Mentors<br>
slide8. Intramural Meet Timeline September 14 -Applications Due
September 16 -Teams Assigned, Case Distributed, Online Resources Released, Mentors Assigned
September 21 -Training Session (12:15-1:30)
September 23 -Training Session (12:30-3:00)
September 29 -Drafts Due
October 10- Mark-ups Due
October 14- Intramural Meet (12:15-6:30)<br>
slide9. National Transactional Meet Timeline October 16- Application Available
November 1 - Application Due
December 1- National Team Selected
December 16 -Case Statement Published
February 3 - Drafts Due
February 17 - Mark-ups Due
February 24 - Regional Meets
March 31- National Meet<br>
slide10. Intramural Meet – October 14 12:15-12:45 Student Orientation
12:45-1:15 Judge Orientation
1:30-3:00 Round 1
3:00-3:30 Break
3:30-5:00 Round 2
5:00-5:45 Cocktail Reception
5:45-6:30 Awards Presentation<br>
slide11. Intramural Meet Team Assignment Option 1: Create Your Own Team
Application allows you to request one or two other members on your team
No guarantee
Option 2: Assigned to a Team
You do not need to have a team to participate, can be assigned to a team
Depending on number of applicants teams maybe combined or team members added to a team
Teams of 2, 3 or 4 members<br>
slide12. National Meet Team Selection If interested in being considered note on Intramural Application
Participation in Intramural Meet taken into account but not required
Separate application available after Intramural Meet<br>
slide13. Intramural Competition Requirements Each team must have at least one member attend the training sessions on September 21 and 23.
Recommend all team members attend<br>
slide14. Scoring Criteria for Draft Agreements Both the Draft and the Mark Up will be scored on a 1-5 scale based on:
The team’s draft is well-presented in its appearance and free of typographical errors;
The team’s draft accurately reflects the objectives of the client as expressed in the client interview and Q&A; and
The Team’s draft represents a thoughtful approach to the issues that must be resolved in the upcoming negotiation.<br>
slide15. Negotiation Scoring Criteria Professional Persona
The team would inspire confidence from a client;
The team garnered respect from the other side;
The team was articulate; and
The team was professional.
Understanding
The team understood its client’s objectives;
The team understood the objectives of the other party;
The team understood the issues in play; and
The team correctly prioritized the objectives and issues.<br>
slide16. Negotiation Scoring Criteria Effectiveness
The team achieved (or was making progress toward achieving) a mutually satisfactory outcome that met the objectives of its client;
The team was creative in developing solutions to problems;
The team made good use of their time; and
The team was effective.<br>
slide17. Intramural Meet National Meet Application Due: September 14
Hardcopy available today
Electronic copies available on LMI’s MyLaw page and LMI website by the end of today
Teams Announced September 16 Application Available October 16 on Lowell Milken MyLaw and website
Application Due: November 1
Team Announced December 1 Meet Application Deadlines<br>
slide18. January 28, 2017
UCLA School of Law 2017 American College of Bankruptcy LawMeet<br>
slide19. Structure of Bankruptcy Meet Simulated transaction in which a debtor in possession must propose and confirm a plan of reorganization.
Teams draft and negotiate a term sheet for the plan of reorganization
Students negotiate the term sheet on the date of the meet
Students receive coaching and training by a bankruptcy professional<br>
slide20. Bankruptcy Meet Timeline September 14 - Application Due
October 31 – Case Statement Published
January 10 - Restructuring Term Sheets Due
January 28 – Bankruptcy LawMeet<br>
slide21. Bankruptcy Meet Selection Process Application available today and online on Lowell Milken Institute’s MyLaw page and lowellmilkeninstitute.law.ucla.edu
The application should be submitted to Prof. Bussel at bussel@law.ucla.edu with the subject line “Bankruptcy LawMeet Application”
Due September 14<br>
slide22. Questions about the Competition Please contact Aimee Haynes at ahaynes@initiateadvancement.com<br>
slide23. Pircher, Nichols & Meeks Joint Venture Challenge<br>
slide24. What is the PNM Joint Venture Competition? Students will perform the role of advisors for a large private equity fund sponsor considering investments in two deals and will respond to a series of questions about the deals.
No prior experience in joint venture structuring, real estate finance or similar activities necessary.
Teams provided with resources to assist in evaluating the problem and volunteer “coaches” from several law firms will be available to answer questions and help teams stay on track.
Competition submission due generally due end of February.<br>
slide25. PNM Joint Venture Team Selection Process Students will work together in teams of 2-3 students, with at least one law student and one graduate student from either the business school or environmental design.
Students enter individually and team members will be assigned randomly.
Applications will be available on Berkley Law website this Fall
Applications generally due end of January.<br>
slide26. Questions? Sarah.korobkin@law.ucla.edu<br>
slide2. Business Law Competitions 2016-17 Business Law Competitions 2016-17 Lowell Milken Institute-Sandler Prize for New Entrepreneurs
Intramural Transactional LawMeet
Transactional LawMeet
Bankruptcy LawMeet
Pircher, Nichols & Meeks Joint Venture Challenge<br>
slide3. Lowell Milken Institute- Sandler Prize for New Entrepreneurs<br>
slide4. What is the Transactional Law Meet?<br>
slide5. What is the Difference between the Intramural Meet and the National Meet? Intramural Meet for UCLA Law Students Only
Open to 2L, 3L, LLM and S.JD students
Competition on October 14 from 12:15-6:00
National Meet
72 schools in 12 regions of the US
Students compete in a regional competition on Feb. 24, 2017
Regional winners advance to national finals on March 31, 2017
Team selected by coaches<br>
slide6. Structure of Transactional Meets Each team is provided a simulated problem
Teams create a draft agreement
Intramural Meet it will be specific sections of an asset purchase agreement
National Meet TBD
Teams Mark-up another Team’s draft agreement
Teams Negotiate their agreements on the date of the competition
Students receive skills training and practice<br>
slide7. Intramural Meet Student Training Online MyLaw self-study materials available September 16
Live Training:
September 21 - 12:15-1:30
Introduction to the Case; Financial Statements and Introduction to Asset Purchase Agreements
September 23 – 12:30-3:00
Introduction to Contract Drafting and Negotiation
Mentors<br>
slide8. Intramural Meet Timeline September 14 -Applications Due
September 16 -Teams Assigned, Case Distributed, Online Resources Released, Mentors Assigned
September 21 -Training Session (12:15-1:30)
September 23 -Training Session (12:30-3:00)
September 29 -Drafts Due
October 10- Mark-ups Due
October 14- Intramural Meet (12:15-6:30)<br>
slide9. National Transactional Meet Timeline October 16- Application Available
November 1 - Application Due
December 1- National Team Selected
December 16 -Case Statement Published
February 3 - Drafts Due
February 17 - Mark-ups Due
February 24 - Regional Meets
March 31- National Meet<br>
slide10. Intramural Meet – October 14 12:15-12:45 Student Orientation
12:45-1:15 Judge Orientation
1:30-3:00 Round 1
3:00-3:30 Break
3:30-5:00 Round 2
5:00-5:45 Cocktail Reception
5:45-6:30 Awards Presentation<br>
slide11. Intramural Meet Team Assignment Option 1: Create Your Own Team
Application allows you to request one or two other members on your team
No guarantee
Option 2: Assigned to a Team
You do not need to have a team to participate, can be assigned to a team
Depending on number of applicants teams maybe combined or team members added to a team
Teams of 2, 3 or 4 members<br>
slide12. National Meet Team Selection If interested in being considered note on Intramural Application
Participation in Intramural Meet taken into account but not required
Separate application available after Intramural Meet<br>
slide13. Intramural Competition Requirements Each team must have at least one member attend the training sessions on September 21 and 23.
Recommend all team members attend<br>
slide14. Scoring Criteria for Draft Agreements Both the Draft and the Mark Up will be scored on a 1-5 scale based on:
The team’s draft is well-presented in its appearance and free of typographical errors;
The team’s draft accurately reflects the objectives of the client as expressed in the client interview and Q&A; and
The Team’s draft represents a thoughtful approach to the issues that must be resolved in the upcoming negotiation.<br>
slide15. Negotiation Scoring Criteria Professional Persona
The team would inspire confidence from a client;
The team garnered respect from the other side;
The team was articulate; and
The team was professional.
Understanding
The team understood its client’s objectives;
The team understood the objectives of the other party;
The team understood the issues in play; and
The team correctly prioritized the objectives and issues.<br>
slide16. Negotiation Scoring Criteria Effectiveness
The team achieved (or was making progress toward achieving) a mutually satisfactory outcome that met the objectives of its client;
The team was creative in developing solutions to problems;
The team made good use of their time; and
The team was effective.<br>
slide17. Intramural Meet National Meet Application Due: September 14
Hardcopy available today
Electronic copies available on LMI’s MyLaw page and LMI website by the end of today
Teams Announced September 16 Application Available October 16 on Lowell Milken MyLaw and website
Application Due: November 1
Team Announced December 1 Meet Application Deadlines<br>
slide18. January 28, 2017
UCLA School of Law 2017 American College of Bankruptcy LawMeet<br>
slide19. Structure of Bankruptcy Meet Simulated transaction in which a debtor in possession must propose and confirm a plan of reorganization.
Teams draft and negotiate a term sheet for the plan of reorganization
Students negotiate the term sheet on the date of the meet
Students receive coaching and training by a bankruptcy professional<br>
slide20. Bankruptcy Meet Timeline September 14 - Application Due
October 31 – Case Statement Published
January 10 - Restructuring Term Sheets Due
January 28 – Bankruptcy LawMeet<br>
slide21. Bankruptcy Meet Selection Process Application available today and online on Lowell Milken Institute’s MyLaw page and lowellmilkeninstitute.law.ucla.edu
The application should be submitted to Prof. Bussel at bussel@law.ucla.edu with the subject line “Bankruptcy LawMeet Application”
Due September 14<br>
slide22. Questions about the Competition Please contact Aimee Haynes at ahaynes@initiateadvancement.com<br>
slide23. Pircher, Nichols & Meeks Joint Venture Challenge<br>
slide24. What is the PNM Joint Venture Competition? Students will perform the role of advisors for a large private equity fund sponsor considering investments in two deals and will respond to a series of questions about the deals.
No prior experience in joint venture structuring, real estate finance or similar activities necessary.
Teams provided with resources to assist in evaluating the problem and volunteer “coaches” from several law firms will be available to answer questions and help teams stay on track.
Competition submission due generally due end of February.<br>
slide25. PNM Joint Venture Team Selection Process Students will work together in teams of 2-3 students, with at least one law student and one graduate student from either the business school or environmental design.
Students enter individually and team members will be assigned randomly.
Applications will be available on Berkley Law website this Fall
Applications generally due end of January.<br>
slide26. Questions? Sarah.korobkin@law.ucla.edu<br>