After nearly nine months working in a commercial property seat at Woodfines,
you might think that I had experienced all there was to experience within the department, but this is not the case at all. There is always something new to learn, something different to challenge you, meaning the work never gets boring or repetitive. Since my last blog, I have been working on a case involving the assignment of a lease, where our client is the landlord and we are dealing with the Licence to Assign. I have worked on assignments of leases before, but the difference in this case is that there are multiple parties involved – a Superior Landlord, the Landlord, the tenant and the assignee. Completion of the Licence to Assign is therefore not as straightforward as the outgoing tenant calling the landlord to complete. Much like in residential property transactions, there is a chain, and release of the licence must be obtained from the party above you in the chain, then communicated to the party below you in the chain, and then the process must be repeated for completion once every party has released the licence. It is little things like this that ensure that there is no real repetition in commercial property and that no transaction is ever really simple.
I have also been involved with the purchase of a hotel business, which means that I have the opportunity to see how the different departments within the firm combine resources in order to achieve the result that the client desires. The company team and the commercial property team at Woodfines have worked together in order to ensure that both the business aspects of the transaction and the property aspects are dealt with. In my time here at Woodfines, I have learnt that the different departments at the firm do not work independently of each other but together. If you feel that there is something in your transaction that would be better dealt with by a different department, there is always someone to ask and they are always willing to assist. I really value the team atmosphere of working at Woodfines and the fact that I feel able to approach any member of the firm whenever I have a question.
Outside of work, Manny, Nicola and I attended the Client Care module of the Professional Skills Course on 8 May. The courses are run in fairly small classes, roughly the size of a seminar class on the LPC and, similar to the seminars, there was a lot of opportunity for interaction. We learnt about how to manage clients’ expectations and what they need to be told at the outset of a file, as well as how to handle conflicts of interest. As Woodfines prides itself on providing the best possible service to our clients, I feel that the module will help me to achieve this objective. I hope that what I learnt will better improve my communication skills with clients to assist in both understanding and achieving the result they desire. The next course I have signed up for is the Financial Skills and Business Module in August, which culminates in an exam.
On the social side, a few of the trainees recently attended a drinks evening organised by Bedford Professionals. This is an opportunity to get together with others working at different businesses in and aroundBedfordin order to build relationships and perhaps make some useful contacts for the future. It is nice to be able to unwind at the end of a day whilst getting to know more people in the area and I appreciated the chance to meet several people from accountancy firms, insurance brokers and insolvency practitioners. The firm has also made several new appointments recently, which is always a good excuse to go out for a nice lunch to welcome them to the firm. In addition, we try as trainees to meet up fairly regularly, which can be quite tricky when we are based at the different offices of the firm. However, we have another night out planned at the beginning of June to catch up with each other and learn about the experiences of working in other departments. It’s great to know that the people you work with are not just your colleagues, but also your friends.





