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Message: <blockquote data-quote="LM" data-source="post: 48109" data-attributes="member: 9535">Thanks, [USER=1160]@Alice G[/USER] for the great question! To simply label an advisory seat as just "research-heavy" would be to do these departments a disservice. For example, during my time in the Antitrust department, I shared my time between assisting with merger filings (a task that is naturally more "transactional" due to its importance to a deal's overall structure) and assisting with Article 101 infringements (a more research-focused task). I would say that most advisory seats have a transactional arm to their practice that you will be involved in, so really, I don't think you ever get away from that type of work. However, that being said, the amount of time that is spent on transactional work, is one of the key differentiators. During my time in the Corporate department, I can't remember the last time I conducted a piece of legal research. Conversely, in an advisory department, there is a greater variety of work and more scope to conduct legal research into particular areas. I want to take this opportunity to also highlight how these differences play out when it comes to a particular M&A transaction. In the Corporate department, you will be drafting the transaction documentation (e.g., the SPA) and negotiating with the other side. As a member of the advisory team, you will be conducting due diligence into a particular area of the Target business and feeding your input back to the Corporate team.In terms of the skills required, most of the skills needed are not unique to a transactional or advisory seat. The skills you need for both are: high levels of attention to detail; dedication; lateral and commercial thinking; and an ability to effectively communicate with others. The main difference, I found, between a transactional and advisory seat was the ability to conduct quality legal research. You need to be able to find a particular point of law and summarize this succinctly.Hope this helps!</blockquote>

Verification: Our company is called, "The Corporate ___ Academy". What is the missing word here?

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