1. What were some of the challenges you faced?
One main challenge I faced was not knowing what to look out for when reviewing agreements as I had no experience reading agreements. This made it hard for me to research and understand the transactions from the clients’ perspectives. However, Andrea, Zhi Tian and Yuho, were always ready and willing to help me improve my work – they entertained questions, explained foreign concepts, and gave lots of constructive feedback.
2. What was the highlight of your internship experience?
The entire internship was very enriching and memorable, despite us having to work from home due to COVID-19.
One highlight of my internship was when Andrea gave the interns a crash course on the mechanics of a term sheet. She briefed us on the transaction before explaining what the client wants, how can we achieve it and why a term sheet is needed. She then went through the term sheet clause by clause, occasionally cueing Zhi Tian and Yuho to share their thoughts and making sure that we were following her. That was a valuable discussion not just because of the knowledge I gained, but also because I saw how the team worked seamlessly together.
Another highlight for me was attending clients’ meetings. The meetings allowed me to understand clients’ needs and the mechanics of the transactions. What also inspired me was how the lawyers proposed solutions to clients’ concerns and advised them effectively. This showed me that the lawyers really put a lot of thought into each transaction and wanted to provide the best advice to the clients.