Interview with Lauren Marie Doherty, trainee in the land law department at BCLP.
In just a few words, could you explain the sort of work you do in land law?
Typical trainee tasks in real estate are likely to include:
- Managing your own files
- Drafting and negotiating leases and licences
- Drafting other documentation, such as rent authority letters, rent review memorandums and notices
- Preparing and filing SDLT Returns, including communications with the client to obtain the necessary information
- Chasing parties for documents and action steps in line with tight deadlines
- Enquiries management on larger corporate transactions. Some major deals will use large extranet sites in order to set up an enquiries section for all parties to raise enquiries (questions) with the seller. Trainees are required to monitor those enquiries and feedback to the rest of the team on a daily basis.
- Drafting and submitting land registry applications
- Undertaking research
What kind of projects have you been working on so far? Do you tend to take on short-term tasks or working on longer-term projects?
Trainees play an active part in real estate at BCLP. From my first day in the department, I was given a set of my own files to run with (supervised where necessary) and have worked as part of a team on a range of different share/asset transactions. The smaller files allow you to take ownership of your work and build lasting client relationships, while the larger transactions allow you to carry out discrete tasks and work as part of a team.
I’m currently drafting several leases and licences for one of our key retail clients, which has enhanced my drafting and communication skills. I am also working as part of a team on a large corporate sale in which our client is selling its freehold interest in the property to then lease back only two floors from the new owner.
How does this seat compare with others you have completed?
A seat in real estate is very different from all other departments as there is always a diverse range of work to get involved in. The great thing about real estate is that you manage your own files, from initial client instructions and heads of terms, right through until billing the matter. No minute of the day is left unoccupied so the need to manage different workstreams and the ability to prioritise tasks are skills a trainee will need to display in order to make the most out of this seat.
Does your work put you in direct contact with clients?
From the moment I step into the office, to the moment I leave, I am constantly talking to clients (whether it be negotiating a lease, or calling the client for information). Often it is a lot easier to call a client in order to obtain information, instead of emailing and having to wait for a reply, which often becomes a very impersonal process. Fee earners really like it if you get ‘stuck in’ and contribute where you can – enthusiasm is key. For example, only yesterday I was asked (unexpectedly) to retrieve some deeds from a client’s office. In the end, the client asked me to spend the whole day with them answering questions in relation to the deal!