Business Law Competitions Overview: 2016-17 Lowell Milken Institute-Sandler Prize and More

2016-17 BUSINESS LAW COMPETITIONS INFORMATION SESSION

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

Lowell Milken Institute- Sandler Prize for New Entrepreneurs

What is the Transactional Law Meet?

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

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

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

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)

National Transactional Meet Timeline October 16- 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 Application Available

Intramural Meet October 14 12:15-12:45 12:45-1:15 1:30-3:00 3:00-3:30 3:30-5:00 5:00-5:45 5:45-6:30 Student Orientation Judge Orientation Round 1 Break Round 2 Cocktail Reception Awards Presentation

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

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

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

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.

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.

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.

Meet Application Deadlines National Meet Intramural Meet Application Due: September 14 Hardcopy available today Electronic copies available on LMI s MyLaw page and LMI website by the end of today Application Available October 16 on Lowell Milken MyLaw and website Application Due: November 1 Team Announced December 1 Teams Announced September 16

2017 American College of Bankruptcy LawMeet JANUARY 28, 2017 UCLA SCHOOL OF LAW

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

Bankruptcy Meet Timeline September 14 - Application Due October 31 January 10 - January 28 Case Statement Published Restructuring Term Sheets Due Bankruptcy LawMeet

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

Questions about the Competition Please contact Aimee Haynes at ahaynes@initiateadvancement.com

Pircher, Nichols & Meeks Joint Venture Challenge

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.

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.

Questions? Sarah.korobkin@law.ucla.edu