Wayne Law has offered a one credit transactional law competition class since 2014 to help students develop with drafting, negotiating, and counseling skills in the transactional context. 

The Wayne State Taft Transactional Law Competition course is set up following the same model as the LawMeets transactional competitions. Two-member teams represent a buyer and a seller involved in a complex acquisition. The teams are required to draft an agreement, then negotiate and revise the document when issues arise. After weeks of drafting and revising, the teams come together for two rounds of live negotiations during the fall semester. They are judged by practicing Metro Detroit transactional attorneys, who offer feedback to the students after each round. The top two teams go on to represent Wayne Law at different regional competitions during winter semester.

For the past several years, Wayne State has held the Wayne State Taft Transactional Law Invitational, a regional competition, during the winter semester. In 2023, 19 different law schools were represented at the competition, which was hosted at the offices of Taft in southeast Michigan.