What were your main duties and responsibilities during the course of your internship?
I was a Vacation Scheme Student at Eversheds’ largest UK office outside of London where I sat in the Real Estate and Company Commercial practice groups and within the Commercial Real Estate and Banking teams respectively.
My duties were similar to those of a Trainee Solicitor and the work I was involved with in the REPG included analysing leases, calculating and completing a SDLT return as well as drafting various documents to complement a lease such as a Lease Report and a Rent Review Memorandum. In my second week in the CCPG, my work was in the most part vastly different, although there was some crossover with Real Estate in the form of the property securities that banks would take on their loan agreements. During my Banking seat, I aided the completion of multiple transactions by creating and updating the supporting documents required such as the Completion Checklist, Shareholder Review and Completion Statement as well as drafting vital transaction documents including various Deed of Confirmations for both Borrowers and Guarantors, Fee Letters and a Legal Opinion.
What would you say was your biggest achievement over the course of your internship?
My biggest achievement over the course of the internship would be noticing and pointing out a mistake in a contract that would have made it unenforceable and thus preventing the firm from issuing a bad contract on behalf of their clients.
What benefits did your internship bring to your employer?
During my second week, there were multiple transactions that were due to be completed that week and as a result of my presence, I was able to share the workload with the team and therefore relieve pressure on them and get the deal through the door with plenty of time to spare.
Did you encounter any problems during the course of your internship and if so, how did you overcome them?
There were some initial problems with my understanding of particular legal terms used within the practice groups as I had never come across them before in my studies which are far less practical. By finding a glossary of terms and constantly taking notes throughout the scheme, I managed to overcome this barrier by being pro-active and seeking to learn the new terms so that I was then comfortable using them in an everyday work sense.