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  1. Jake Rickman

    Call for commercial awareness topics!

    Hey Aditya, To your question at the end of your post: I do not think there is a way to predict the future of markets. A lot of commentators try, but at the end of the day there is no crystal ball I am aware of that let us make any prediction with much certainty. To ask if there is a recovery on...
  2. Jake Rickman

    Call for commercial awareness topics!

    You know more than I do about this! You're definitely right that the risk that this becomes a political football is almost certainly a conversation that senior lawyers advising on oil & gas and projects are having with clients and their colleagues in regulatory. I would be curious to see how a...
  3. Jake Rickman

    Call for commercial awareness topics!

    Hey Alex, I think you raise some good points. I suspect you're right that environmental campaign groups will see how they can challenge the government's decision. However, it is not readily apparent to me on what grounds they may do so... Are there express restrictions on the ability of the...
  4. HSBC embarks on year's second share buyback

    2 August 2023 HSBC embarks on year's second share buyback

    HSBC embarks on year's second share buyback By Jake Rickman Image Credit: William Barton / Shutterstock.com What do you need to know this week? Global investment bank HSBC announced that it will undertake its second $2bn share buyback of the year following the results of its most recent...
  5. Mini Series: Business of Law Firms - Private Credit

    2 August 2023 Mini Series: Business of Law Firms - Private Credit

    Business of Law Firms Private Credit By Jake Rickman What do you need to know this week? This week’s The Business of Law Firms series is all about private credit. An article published by Law.com on Monday details the explosive growth of the private credit market and its impact on the...
  6. Jake Rickman

    Call for commercial awareness topics!

    Hello there! Some tips to develop your commercial awareness: TCLA publishes a weekly newsletter that covers at least two news topics relevant to law firms. When selecting these topics, at least one will be focused on some aspect of law firms as a business (which you can think of as an...
  7. Jake Rickman

    Call for commercial awareness topics!

    Hey Asil, I saw the headline but have not yet read the article, though I think it is a great topic to raise. Fitch, together with S&P and Moody, are known as the big three credit rating agencies. Their role in the financial markets is to review the creditworthiness of both large businesses...
  8. Jake Rickman

    TCLA General Discussion Thread 2022-23

    On the shipping side: HFW and Stephenson Harwood, as well as Reed Smith due to the legacy of Warner Cranston, which Reed Smith acquired in 2001. Clyde & Co is a legacy shipping/maritime firm but has moved more towards pure insurance work (there is a lot of overlap with shipping and insurance)...
  9. Jake Rickman

    Mini Series: Business of Law Firms - 2023 Financials Season

    This thread is for the general discussion of the Article Mini Series: Business of Law Firms - 2023 Financials Season. Please add to the discussion here.
  10. Jake Rickman

    TCLA General Discussion Thread 2022-23

    I am not sure what right you have request a remark but it is always worth trying. I will say that in my experience, both BPP and ULaw are quite intransigent about reevaluating academic marks and academic appeals. But it won't hurt to try!
  11. Jake Rickman

    TCLA General Discussion Thread 2022-23

    I know of this happening on a couple of occasions and the TC was definitely not revoked. I believe the firms assess this on a case by case basis.
  12. Jake Rickman

    Call for commercial awareness topics!

    Your points raise some philosophical and existential questions. Assuming you intend to workshop this for an application/interview question, I would suggest distilling these ideas down, because it is quite a lot of content to cover in ~250 words or a couple of minutes. A few thoughts: While...
  13. Regulators move to shake up UK pension funds

    27 July 2023 Regulators move to shake up UK pension funds

    Regulators move to shake up UK pension funds By Jake Rickman What do you need to know this week? Nausicaa Delfas, the newly appointed CEO of The Pensions Regulator (TPR), has announced that pension trustees must start considering how to diversify pension investments. Specifically, pension...
  14. Mini Series: Business of Law Firms - 2023 Financials Season

    27 July 2023 Mini Series: Business of Law Firms - 2023 Financials Season

    Business of Law Firms: 2023 Financials Season By Jake Rickman What do you need to know this week? It is that time of the year: while it may not be a sunny July, it is the time when the largest UK firms release their preliminary financial results for the financial year ending April 2023. We...
  15. Jake Rickman

    Growing trend towards hiring Paralegals? E.g. Shoosmiths 2023…

    That's an approach taken by certain US firms operating in London. Simpson Thacher comes to mind. Keeps costs down because recruiting trainees requires an entire sub-department.
  16. Jake Rickman

    Call for commercial awareness topics!

    Hi Asil, A fascinating topic. I will go away and do some research. I will say that my understanding of the general premise behind the acquisition of a musician's catalogue by private equity firms is that they are a steady source of earnings uncorrelated from market trends. The reasoning...
  17. Jake Rickman

    Will someone tell me the truth?

    Again, I think you're placing a lot of self-value on outcomes that are out of your control. This TC game is a crapshoot. Graduate recruitment favours certain profiles over others. It does not mean that your capacity to excel as a lawyer is defined by these narrow metrics. You just need to play...
  18. Jake Rickman

    Will someone tell me the truth?

    A few thoughts: 1. You're putting too much emphasis on your age/benchmarking yourself relative to others. I did not get an offer until I was 28 and following at least three cycles myself where I had absolutely zero traction. I have colleagues that are older than me that are starting the TC with...
  19. Revisiting interest rates, bank profits, and savings rates

    19 July 2023 Revisiting interest rates, bank profits, and savings rates

    Revisiting interest rates, bank profits, and savings rates By Jake Rickman What do you need to know this week? In developing your commercial awareness, it is important to stay on top of market developments. That is why this week, we return to the nexus of issues at play related to...
  20. Mini Series: Business of Law Firms - Reappraising the UK Legal Market

    19 July 2023 Mini Series: Business of Law Firms - Reappraising the UK Legal Market

    Business of Law Firms Reappraising the UK Legal Market By Jake Rickman What do you need to know this week? American-based legal industry publisher Law.com has published their first ever “UK Revenue Rankings”, which ranks according to revenue the top 30 law firms operating in London...

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