TCLA Vacation Scheme Applications Discussion Thread 2024-25

gazdgazd11

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Hey! This is a really good question in my opinion, and I think Saudi is a great option to consider in your answers. I remember talking about the expansion in the region during some questions that popped up in my cycle too.

The country is undergoing some major changes to grow its economy and reduce reliance on oil. This is part of Vision 2030, which is basically Saudi Arabia’s plan to bring in more foreign investment, create new industries (beyond oil), and make the country a more business-friendly place. A big part of this vision is attracting top law firms to set up shop in Saudi Arabia.

In 2023, Saudi Arabia made changes to its laws to make it easier for foreign law firms to operate there. For example, they reformed their Code of Law Practice to make things smoother for firms to get a license. But, there are still some conditions to follow, like having two partners based in Saudi Arabia for at least 180 days a year and ensuring that at least 70% of the lawyers in the office are Saudi nationals.

I believe the country is an attraction to law firms as it’s investing trillions into its economy, with $3 trillion in sovereign wealth funds. These funds need legal advice for big international deals. Plus, with the new Investment Law, foreign companies have more incentives to set up in Saudi Arabia, which means more business for law firms. The government is also offering benefits like tax exemptions and special permissions for firms that set up a Regional Headquarter (RHQ) in the country. An RHQ serves as the main hub for the entire Middle East and North Africa region, not just a local office.

And the deal flow is booming! Just look at Saudi Aramco’s IPO in 2019 which I think raised over $25 billion. There are more IPOs and high-value deals happening, which is creating lots of work for corporate lawyers.
Thank you so much!
 

billyonthespeeddial

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Does anyone have tips for
CRS VI? Please😭 can offer tips for Hill Dickinson VI once I do it this weekend
Same here please message me re CRS VI, I can share my successful apps and share VI and AC insights (just tell me which firm you want it for)

(This is for Direct TC so we're not competing if you've applied for the VS)
 
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Ram Sabaratnam

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Does anyone know if Paul Hastings Work Placement converts to a TC or not?

Hiya @Alessio1642


Yes, having spoken to several trainees who completed the work placement in the previous application cycle, it seems they do consider participants on the work scheme placement for the training contract. Just bear in mind that you can also apply for the direct training contract, and that most of their training contract offers are made through that route. Hope that helps and good luck with the application!
 
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Alessio1642

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    Hiya @Alessio1642


    Yes, having spoken to several trainees who completed the work placement in the previous application cycle, it seems they do consider participants on the work scheme placement for the training contract. Just bear in mind that you can also apply for the direct training contract, and that most of their training contract offers are made through that route. Hope that helps and good luck with the application!
    Thank you so much!
     

    Amma Usman

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    Hey @FLOWERYELLOW2002 , thanks for your question. I haven’t had any experience with Simmons in particular, but here are a few tips from the specific points you’ve mentioned:

    Inbox Exercise

    The inbox exercise simulates a real-life work scenario where you'll be managing multiple tasks and deadlines, often under time pressure. Typically, you'll be reviewing emails and responding appropriately. This could involve prioritizing client queries, drafting responses, and even summarizing complex information into clear, actionable advice.

    In some cases, you might also be asked to write an electronic memo summarizing your thoughts and findings based on attached documents or client instructions. It’s important to maintain a professional tone and address client concerns clearly. I would suggest focusing on being concise yet thorough…clients value clarity and precision in legal advice.

    In my experience, law firms want to see how well you manage your workload, respond to client needs, and communicate effectively. A good way to prepare is by practicing drafting succinct emails and memos, perhaps even setting a timer to simulate the time pressure you may face on the day.


    Client Discussion

    A client discussion exercise could involve advising a client on the surrounding circumstances of their case, often in the presence of a senior lawyer or partner. This task will test your ability to communicate complex legal issues clearly and efficiently. The key here is to ensure you fully understand the client’s objectives…what they want to achieve from the matter…and provide tailored advice that addresses those concerns.

    The client may ask questions on the spot, so it’s important to stay calm and think on your feet. They’ll be assessing your commercial awareness and understanding of how legal principles apply to business situations. Therefore, brushing up on recent commercial cases or trends in the sector can be beneficial. Whether you're discussing contract negotiations, regulatory issues, or disputes, having a broad understanding of the legal and business implications will help you shine.

    If you’re preparing for a transactional firm, expect more corporate-focused discussions…think mergers, acquisitions, and private equity. For more contentious firms, the discussion may lean towards litigation or dispute resolution. Being aware of both areas is crucial, as even transactional clients will appreciate your awareness of potential disputes, and vice versa.

    Case Study

    Case studies at law firm assessment centres tend to focus on contemporary issues in the commercial world. You might be given an article on a specific industry, like energy, or a broader topic such as private equity or mergers and acquisitions (M&A). The task will usually involve analyzing the situation and advising on potential legal or business solutions. Firms are testing your ability to digest information, think critically, and apply your legal knowledge to real-world scenarios.

    For example, in a case study involving M&A, you may need to advise on due diligence, regulatory concerns, or the structure of the deal. In a case centered around energy, you might need to discuss environmental regulations, contract risks, or the impact of geopolitical events. Be sure to structure your analysis logically: identify the key issues, consider possible solutions, and weigh the pros and cons of each option.

    In my experience, transactional firms tend to center their case studies on corporate law issues, while contentious firms will have case studies focused more on litigation or regulatory concerns. However, showcasing knowledge of both will help you come across as a well-rounded candidate. It’s essential to demonstrate that you can consider both corporate and contentious aspects…this will highlight your versatility and make you a more attractive prospect.

    General Tips

    • Research the firm: Know their major practice areas, recent cases, and key clients. It helps to tailor your responses and demonstrate your commercial awareness.
    • Time management: These exercises are often time-pressured, so practice managing your time effectively.
    • Attention to detail: Commercial law demands precision, so take care in reviewing documents, drafting emails, and delivering advice.
    • Clear communication: Whether in written tasks or discussions, make sure your points are clear, concise, and business-oriented.

    Hope this helps!

    Any one have insights on Simmons & Simmons AC- including inbox exercise (I genuinely don't know what this would be like), client discussion exercise(what is this) and case study exercise and competency interview
    , would be so appreciate on the insights given- can give insights on HL AC.

    Hey. I have made quite a detailed post on the Simmons AC in the past, which I have linked above.
     
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    Bbhu19

    Star Member
    Oct 26, 2024
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    Hiya @Bbhu19

    Just wanted to jump in and add to what @Andrei Radu has already said. Completely agree, it's quite difficult to find much information about the firm. I've tried to put some research together based on a quick google search, and hoping the information below is helpful to you.

    1. Financials: I just looked through The Lawyer's most recent market report on US firms in the City (unfortunately paywalled), and it mentions that Katten’s London office has seen significant growth in recent years (both financially and in terms of its headcount). In 2023, revenue grew by 16.9%, reaching $23.8 million and thus up from $20.3 million the previous year. The firm’s global performance also looks quite good, as total revenue climbed by 5.2% to $781.6 million.

    2. Key Practice Areas: The Lawyer's market report also mentions that a major driver of Katten’s success in London has been its focus on transactional work, particularly advising U.S. financial services clients operating internationally. Transatlantic work has been a key growth area, now making up 37% of the firm’s UK revenue and this apparently went up from just 21% in 2021. You may want to look into the following transactional matters in which the London office was involved, which I've found through looking at their Legal 500 profile and the firm's website:
    3. Talent and Headcount Growth: The firm appears to be growing its London team to align with its U.S. headquarters. It recently made some pretty impressive hires in transactional areas, particularly in its funds practice. You can read about these here, but they include funds partners Ryan Hansen and Thomas Laurer, as well as tax planning partner Daniel Lewin, who all joined from Curtis, Mallet-Prevost, Colt & Mosle LLP.

    This is just to help you get started on drafting answers to any application questions. Hope this helps and good luck with the application!
    Thank you this is very helpful
     

    Amma Usman

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    Hi, has anyone completed the video interview for the Legal internship at Amex?
    Hey,

    I’m unsure about AMEX in particular, but these are some common questions that come up in such pre-recorded VI situations (non-exhaustive list).

    1. Tell us about yourself.

    2. Why do you want to work at our firm?

    3. Why are you pursuing a career in commercial law?

    4. Describe a time you worked in a team and faced a challenge. How did you overcome it?

    5. Tell us about a time you had to meet a tight deadline. How did you manage your time effectively?

    6. What do you think are the biggest challenges facing law firms today?

    7. Describe a time you demonstrated strong attention to detail.

    8. Give an example of a time you had to persuade someone to see things your way.

    9. What skills or qualities do you think make a great commercial lawyer/in-house legal analyst?

    10. Tell us about a recent commercial news story that interested you and why.

    11. Why in-house/ differences with private practice law (or something within this spec).
     

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