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What Skills Are Needed for The Highest Level of Success in Contract Drafting

October 1, 2019

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If you want to work as an independent lawyer, performing contract drafting work is the most feasible route to develop your own clients.

Unlike litigation, where the highest reputation is enjoyed by a limited number of senior practitioners at the relevant court/ tribunal, and where clients prefer to only brief such lawyers for important matters, contract drafting work can be relatively more democratic.

A junior lawyer who is starting out his or her own practice is capable of obtaining contract drafting mandates of twenty to fifty thousand rupees from a single client for a single contract.

If you are a litigator and want to earn on the side, contract drafting is a handy skill. Existing clients who are satisfied with your work are likely to put their faith in you for drafting work too, as you have handled their disputes well.

Imagine if you could do this month on month. How would it boost your practice?

Similarly, if you want to be a freelance lawyer, live in a nice beach town and yet make money from a thriving legal practice, contract drafting work is likely to be your bread and butter. As long as you are available on virtual conferencing tools and your cell phone, clients these days will not have a concern about where you operate from.

If you want to work in a corporate law firm, contract drafting skills are essential to perform most kinds of transactional work at a corporate law firm, whether it is in banking and finance, M&A, project finance or the capital markets practice.

Even in a slow economy or a downturn, so long as business transactions are taking place, people need lawyers and consultants to advise them on contracts.

If you are a CA, CS or a specialized consultant, your existing clients may ask you to review existing contracts and provide strategic inputs, even if you do not draft them.

To be able to fulfill any of the above visions for yourself, you will need to answer several questions, such as:

How should you obtain and perform contract drafting work?
What makes a client trust you enough to give you the work?
How is your value proposition different from what is already available on the internet, or from the services of other practitioners?
How should you respond to a client who thinks that getting a free template off the internet is all that is required?

Join us for a session with Abhyuday Agarwal, COO, LawSikho on Thursday (3rd October 2019) at 8 PM. It is a free session, and I promise that you will learn a lot. You will get a sense of how practical and insightful our live classroom sessions are, and you will totally love it.

The link for the Webinar will be shared on Thursday.

The broad agenda for the class is:

‘Scientific’ methods to ensure your drafts are reliable
How to connect the business of a client to a contractual model and obtain mind-blowing results
Influence of the statutory framework on contract terms
How to identify risks in a contract and point out to the client to establish trust
The contract drafting delivery cycle
How to personalize the client’s experience when you perform contract drafting work
How to create your own templates for different kinds of deals

Join our Telegram group for the webinar link. Here is the link to join.

Here are the courses in which we are taking admission in this month:

Diploma