General Information

The Inn was founded in 2001 as an independent New Jersey non-profit corporation, tax-exempt pursuant to Section 501(c)(3) of the Internal Revenue Code, under the name "Inn of Transactional Counsel."  In 2008, this entity entered into an Affiliation Agreement with the American Inns of Court Foundation whereby it was chartered as the "First American Inn of Transactional Counsel."

The mission of the Inn is to teach, learn, hone, and improve practice skills, share experiences with other members of the Bar, foster collegiality, and promote excellence in the practice of law, as related to transactional matters.  The Inn's members are lawyers engaged primarily in transactional law and include corporate lawyers, real estate lawyers, and others. Members include both seasoned and new transactional lawyers. Members are designated as Counselors, Solicitor or Associates, based on their level of experience.

Meetings of the Inn of Transactional Counsel

Inn meetings are held at certain participating law firms at 6:30 p.m. on the second Tuesday of each month (nine times per year), as set forth on the downloadable Meeting and Program Schedule (see link).   

Programs are interactive with energetic input from all participants. Members are expected to lead or facilitate at least one program each year. Topics are presented in a variety of formats, including lectures and presentations (some by outside experts), panel discussions and mock negotiations. The presentations encourage interaction in an educational environment among lawyers with varying levels of experience.
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Annual Membership Dues

Annual Membership dues are payable each year on or before September 1 for the upcoming September through May membership year.  The annual membership due for the 2010-2011 year is $250.00 per person.  The membership dues cover the membership of the Inn, and each of its members, in the American Inns of Court Foundation, as well as administrative costs, and any costs and expenses associated with the meetings, such as program materials, and any food and beverages that may be provided.
Student Memberships are available at no charge for those who qualify, and there may also be certain scholarship opportunities available.  Further, in cases of hardship, special arrangements can be made regarding payment of membership fees.  Follow the link for the current Student Membership, Scholarship and Special Hardship Policies.
 

CLE Credits

The Inn keeps track of each member's attendance at the meetings (and any presentations that they give), and will issue CLE certifications to each member for use in those of the below-listed States in which he or she is a member of the bar. During the year, members can always view the number of CLE credits earned to date by visiting their Member's Page on the web site.  

Each certification provided by the Inn will state the number of CLE hours earned during the past calendar year (including any in ethics and professionalism) at the beginning of each new calendar year (or otherwise upon the request of the member), based on the criteria of the bar of that State.

Please note that there should be nine (9) meetings held per year, whether per calendar year or per session year.  Also, we expect that the December meeting will be creditable for one (1) hour of any ethics and professionalism CLE requirements.

New Jersey  - The 2010 - 2011 session has been approved (note-we are still waiting for official final approval)  by the board on Continuing Legal Education of the Supreme Court of New Jersey for one (1) credit hour per meeting attended.  The members of a team that give a presentation will receive two (2) credit hours for that meeting. 

New York  - The 2010 - 2011 session has been approved for one (1) credit hour per meeting attended.  The members of a team that give a presentation will receive three (3) NY credit hours for that meeting. 

Pennsylvania  - The 2010 - 2011 session has been approved for one (1) credit hour per meeting attended.  The members of a team that give a presentation will receive two (2) PA credit hours for that meeting. 

Type of Membership

The First American Inn of Transactional Counsel has member classifications that are slightly different than are used by other chapters of the American Inns of Court.  

Active Members of this chapter are designated as Counselors, Solicitors, Associates or Pupils. 

Inactive/former Members are designated as Emeritus Members, Alumnus Members or Inactive Members. 

Applications for Membership

If you are interested in becoming a member of the First American Inn of Transactional Counsel, please feel free to contact any of the Trustees serving on the Membership Committee with any questions that you may have. 

To the right is a link to the names and contact information for the current Membership Committee members. 

Also, below is a link for a downloadable form of application for membership with this chapter, which can be filled out and returned, by mail or e-mail, to any of the Membership Committee members.

Related Educational Opportunities

Members of this chapter often serve as adjunct professors for New Jersey law schools and/or present educational seminars for other attorneys or business people.  Below is a list of current and upcoming courses/events.  Please note that this list may not be complete and/or current, as it is subject to frequent change.