TCLA Vacation Scheme Applications Discussion Thread 2024-25

[dannyp123]

Today at 12 ish if that helps? Unsure on the above but hopefully they send them out in waves.

Alright cheers. Looks like they all sent around noon, gonna stay positive its in waves though. Congratulations again and good luck with the VI!

 

[Chris Brown]

That's so true! One of my questions at the end of the interview was about how they've been losing a lot of revenue and profit etc... and how the firm has been downhill for a while and what their strategy is in that regard... Technically, online the firm blames it on them leaving Moscow, so I specifically said that, obviously leaving Russia played a role in this, but besides this what are the other reasons (because leaving Russia isn't that convincing, especially considering that they're technically a US-UK firm...) But hey, one down, 19 applications to go 😂

Is this why they asked on their application form for one of their 500 word questions “how do business generate and maintain a profit.” These guys were trying to get some ideas from us lmao. Icl it’s clever on their part. I hope they took some detailed notes. 😂​

 

[billyonthespeeddial]

Amazing - thank you so much! I'll make sure to check them all out for next cycle

Mind that they'll have to offset that somehow- this is why famously D&P, S&M and JD all are known to care about strong academics

 

[sapphireoreos]

For people that applied to PMC but have not heard back - what is the "last update" date for your application on their website? Mine is 04/01, which is the day after the deadline, and idk if that just means they processed my app or if it means they had my answer of PFO/next stage on the 4th?? (In which case it's deffo a PFO but could've been informed ages ago)

Got the same thing!

 

[billyonthespeeddial]

They sent me an AC email 5 minutes ago, so no

I got an AC invite like 10 mins ago, my VI was on the 4th

Hey both, congrats! What dates were you offered for the AC?

 

[futureTS03]

Anyone completed the Howden VI and test? Can anyone let me know what to expect out of VI?

 

[sc13]

Hiya @sc13

It's great that you're keeping up with commercial news stories and trends. That can definitely be helpful in thinking through the commercial group exercise. At the same time, I'd suggest that the group exercise isn’t so much about how much you know about current commercial events. It’s more about demonstrating that you can think commercially. Instead of focusing too much on keeping up with the FT or any particular publication, I’d recommend spending some time thinking about how you would approach typical commercial matters. If you've ever done a case study with TCLA or at a firm, think about the key issues that often arise in the context of business transactions/cases. I've listed a few key areas to consider below:

• Financial and legal factors: What are the main commercial risks and opportunities posed by the transaction/case? How might the deal/case be approached to minimise the benefits or maximise the benefits.
• Documents and evidence: What kind of information would you need to properly assess the situation? Would you look at financial statements, contracts, regulatory filings, or due diligence reports?
• Approvals and stakeholders: Are there regulatory bodies involved? Think, for instance, if there could there be competition and anti-trust concerns or whether shareholder approvals required?
• Strategic fit and rationale: If it's a deal, why does this deal make sense (or not) for the business? What challenges might arise?
• Market and industry context: How do external factors (e.g., economic conditions, supply chain issues, competitive landscape) impact the deal?

Ultimately, I think the exercise is about showing you can ask the right commercial and legal questions. If you focus on identifying key risks and opportunities, I think you'll be in a great position to contribute meaningfully to the group discussion.

That makes sense thank you!

 

[Alessio1642]

Has anyone heard anything from Katten?

 

[jacksollaf]

should I just assume PFO for NRF post-VI? what is going on

When did you complete yours? I did mine on the 5th of February and still waiting 😢 She said I should expect to hear back either last Friday or really early this week... Idk, expecting a PFO for me honestly

 

[jacksollaf]

I got an AC invite like 10 mins ago, my VI was on the 4th

congrats! I think that seals it for me then, PFO for me incoming I guess

 

[jacksollaf]

Is this why they asked on their application form for one of their 500 word questions “how do business generate and maintain a profit.” These guys were trying to get some ideas from us lmao. Icl it’s clever on their part. I hope they took some detailed notes. 😂​

that's what I was thinking when I was preparing my VI 😂😂😂😂😂

 

[Alessio1642]

I think mishcon PFO is likely - looking back for Spring VS all invites to VI were sent Dec 16th

 

[applicant457]

congrats! I think that seals it for me then, PFO for me incoming I guess

Yeah same, they told me the same as you so probably a PFO yeah

 

[Zi48]

congrats! I think that seals it for me then, PFO for me incoming I guess

Thank you! I wouldn’t give up yet, some people had their VIs on the 3rd/4th and got AC invites last week so I assumed pfo, but that wasn’t the case

 

[jacksollaf]

Yeah same, they told me the same as you so probably a PFO yeah

I did mine a day after you, so I'll say desperately optimistic until tomorrow night 😂

 

[Kakaboo]

Which office are you waiting to hear back from?

Leeds!

 

[Legalgirl]

Paul, Weiss Interview! Got it at 5:39pm. My SJT scores weren’t that great so guys, don’t loose hope lol!

 

[Alessio1642]

Paul, Weiss Interview! Got it at 5:39pm. My SJT scores weren’t that great so guys, don’t loose hope lol!

Congrats!!

 

[Chris Brown]

Paul, Weiss Interview! Got it at 5:39pm. My SJT scores weren’t that great so guys, don’t loose hope lol!

Congrats. 🥳

 

[applicant457]

I did mine a day after you, so I'll say desperately optimistic until tomorrow night 😂

I think im going to read a poem called 'The God Abandons Antony' and call it a day.