On January 17-19, students from twelve of the best transactional law programs in the country gathered at Baylor Law to participate in the most challenging transactional law competition in the country.
2020 Winners of The Closer, Allyson Fleming from The Ohio State University Michael E. Moritz College of Law (L) and Carolyn Griffith from Indiana University Maurer School of Law (R). Competition Creator and Professor of Law Beth Miller is pictured center.
WACO, Texas -
Carolyn Griffith from Indiana University Maurer School of Law and Allyson Fleming from The Ohio State University Michael E. Moritz College of Law were named the winners of The Closer 2020, the most challenging transactional law competition in the country. Finalists for this year's competition were Tara Mollhagen from the University of Kansas School of Law and Ben Gourley from the University of San Diego School of Law. Allyson Fleming was selected by her fellow competitors via secret ballot as the winner of the Professionalism Award.
The Closer is a highly-selective competition with invitations extended to law schools whose programming demonstrates a commitment to excellence in practical transactional law training. At stake in the competition is the chance to win one of two $5,000 top prizes and bragging rights as a top closer. The annual competition, another example of Baylor Law's commitment to provide practical opportunities for legal education, provides a high-pressure environment and hands-on exposure to one of the most important aspects of transactional law: contract drafting and negotiation. As the host, Baylor Law does not field a team.
The Closer is unlike any other transactional law competition. The deal that the participants negotiate is disclosed to the competitors less than twenty-four hours prior to the first round of negotiations. The tight timeline forces competitors to identify the most important legal issues and devise and negotiate solutions that best serve their client's needs with the efficiency required of lawyers under realistic time constraints.
In this year's competition, participants negotiated a fictional health care joint venture between two prominent names in health care in Central Texas —Baylor Scott &White Medical Center—Hillcrest, a general acute care hospital, and Southwest Sports Medicine & Orthopaedics, a physician practice dedicated to meeting the needs of athletes and active adults of all ages. The fictitious transaction required competitors to deal with challenging issues relating to the structure and governance of the joint venture as they sought to satisfy the goals and objectives of their clients while navigating health care laws and other legal and tax issues. At the center of the transaction involved in the 2020 competition sat a newly constructed $50 million sports medicine and orthopedic complex adjacent to the Hillcrest campus of Baylor Scott &White Medical Center. During the competition, participants made a site visit to the new facility, which has not yet opened to the public, and learned about its state-of-the-art features.
Through a series of 40-minute rounds of negotiations in front of experienced transactional lawyers, competitors are judged on their knowledge of legal and financial issues, presence and professionalism, and their ability to find creative solutions to reach an agreement that satisfies their client's objectives while under strict time constraints. Keeping pressure on the competitors, 'breaking developments' and new information from their clients are introduced to the finalists on the night before the final rounds.
Carolyn Griffith from Indiana University Maurer School of Law, was awarded one of the $5,000 prizes for best representing the interests of Baylor Scott & White Medical Center – Hillcrest, and Allyson Fleming from The Ohio State University Michael E. Moritz College of Law was awarded the other $5,000 prize for best representing Southwest Sports Medicine & Orthopaedics.
"It was an absolute pleasure getting to know my fellow competitors. I was in awe of their brilliance throughout the competition," Stated competition co-winner Allyson Fleming, "It was incredibly impressive that Baylor Law was able to assemble such a special group of people. Even when the competition was at its fiercest, the competitors remained cordial, and I think that is a credit to the kind of environment Baylor Law creates for this competition," she added.
"We host our own internal competition, and rest assured we will be changing much of the model to reflect the Baylor way. The attention to detail, thoroughly challenging nature of the problem, and unique Baylor hospitality made the Closer a phenomenal competition," remarked co-winner Carolyn Griffith. "Winning the Closer will be a highlight of my time in law school [...] winning affirmed my pursuit of a transactional practice after I graduate. I am more confident in this decision after having the opportunity to push myself in my understanding of a complex body of law to represent a client well in negotiations," Griffith added.
Judges for the final round of The Closer 2020 listen intently during the final rounds of the competition.
Left to Right: Greg Looser, Wendi Rogaliner, Martha Agee, Andy Meyercord, Steve Bolden
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Established in 1857, Baylor Law was one of the first law schools in Texas and one of the first west of the Mississippi River. Today, the school has more than 7,500 living alumni. It is accredited by the American Bar Association and is a member of the Association of American Law Schools. Baylor Law has a record of producing outstanding lawyers, many of whom decide upon a career in public service. Baylor Law boasts two governors, members or former members of the U.S. House of Representatives and the U.S. Senate, two former directors of the FBI, U.S. ambassadors, federal judges, justices of the Texas Supreme Court and members of the Texas Legislature among its notable alumni. In its law specialties rankings, U.S. News & World Report ranked Baylor Law's trial advocacy program as one of the top 5 in the nation. Baylor Law School is also ranked #50 in the magazine's 2019 edition of "America's Best Graduate Schools." The National Jurist ranks Baylor Law as one of the "Best School for Practical Training," and #4 in the nation in its most recent "Best Law School Facilities" listing. The Business Insider places Baylor Law among the top 50 law schools in the nation. Baylor Law School received the 2015 American Bar Association Pro Bono Publico Award, making it only the third law school in the nation to be honored with the award since the award's inception in 1984. Learn more at baylor.edu/law
Baylor University is a private Christian University and a nationally ranked research institution. The University provides a vibrant campus community for more than 17,000 students by blending interdisciplinary research with an international reputation for educational excellence and a faculty commitment to teaching and scholarship. Chartered in 1845 by the Republic of Texas through the efforts of Baptist pioneers, Baylor is the oldest continually operating University in Texas. Located in Waco, Baylor welcomes students from all 50 states and more than 80 countries to study a broad range of degrees among its 12 nationally recognized academic divisions. Learn more at baylor.edu