Law graduates seeking careers as corporate attorneys have been troubled by the plunge in the business cycle. Some firms have been forced to defer or lay off associates as fewer corporations have the money needed to invest in high-end business transactions. Law students with an interest in corporate work, therefore, have been left wondering how they might be able to increase their marketability among law firms.
The vexing problem for law students and firms alike is a lack of negotiating experience among entry-level associates. Litigation associates typically have had the luxury of participating in moot court programs, but until now there have been few, if any, transactional law equivalents.
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