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Could someone please share an insight on the same because writing a research paper, mooting and managing good grades at the same time is tough hence I will have to prioritise the activities accordingly ( I know that good grades are the most important thing).
Over all- writing a research paper and getting it published in a good journal adds much more value to your CV.
Having said that, it’s better to moot than to do nothing at all in law school.
But no recruiter cares about moots unless it's Jessup, Vis and the like. If you're doing moots for a bullet point on CV, don't bother. Spend that energy on easier bullet points.
However, it is also a huge time investment. If you can't get a moot like Jessup/Vis/Man Lachs/ELSA, you could pick up those skills from other activities. For example, you can build speaking skills through ADR and Debate, and research skills through writing articles/papers.
Foreign firms and universities do recognise moots like Jessup and Vis, but if you have enough on your CV otherwise, it doesn't make a difference.
To prioritise, you could maybe do a moot one year, and a research paper the next?