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  1. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    Yolo on a diversified memecoin portfolio and pray just one of them goes to the moon. In all seriousness I think the most important thing here will be to see how you think and your approach to evaluating risk (so the joke answer I gave would be one of very few objectively wrong answers).
  2. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    Take nothing for granted. Cash forecasts might be difficult to get if the company is very young or if some of the value of the company is locked up in a way that hasn't been monetised yet, like IP for some product or service that isn't on market yet or has only recently gone to market. I can't...
  3. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    I believe at this point they're being liquidated and proceeds going towards settling claims and trying to mitigate some of the damage done. It's a sordid history and I wouldn't be clamouring to have them in my rolodex but the work does need to be done. To a certain extent, also, I think there's...
  4. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    I would say I feel not great about that, but of course most clients have and it's just a reality of the modern economy. If you're representing them in like, a class action or regulatory claim or something relating to that damage I think you need to discuss something along the lines of a...
  5. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    It will be interesting if and when people increasingly spend large sums of money on digital property, essentially extending the current NFT use-cases or perhaps branching into different ownership models. I'm not sure how niche the practices will become, it will likely sit within broader 'digital...
  6. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    The practice of law is famously made up of people who don't handle the stressors of practice - hence the high attrition and endemic mental health crises. Also, people don't 'deal with stress' in a vacuum, and most have outlets of some kind. Having a bit of a moan in what should be a supportive...
  7. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    It's not the most dazzling insight, but practice goes a long way. I also, if the formatting permits, like to get interviewers to tell me about stuff and then kind of springboard off of that. It might be helpful to practice a bit with friends, family, or mentors, really anyone you're a bit more...
  8. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    I would go into that asking questions. If they tell you who your interviewers are, prep intelligent questions about work they've been on. If there's a particular piece you want to discuss, which you'd expect all firm members to know, prep variously broad and specific questions to ask depending...
  9. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    None firm, it was a mid-market diversified alternative investment manager whose name I unfortunately cannot disclose.
  10. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    Yeah nada. Not holding my breath.
  11. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    These things happen the market is hot there are other plum roles, it was just a rough hit as I'd literally *just* been telling my wife I'd take it over some arguably more prestigious roles in the pipeline because I liked the vibe.
  12. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    Rejection from a dream in-house PE/asset management role with qualification prospects, following a really good interview (recruiter was told I came off very well) - cuts deeper than firm PFOs 🙃
  13. Rob93

    M&A trends

    There are definitely lots of other things going on in the markets but those are the ones I've been thinking about lately
  14. Rob93

    M&A trends

    All of the points mentioned are good ones, I think it's also helpful to think in terms of macro trends which are kind of incidental to covid. Focusing mostly on PE but some of this is relevant to strategic M&A as well. One is that the amount of available cash in private markets is...
  15. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    Yeah that's true, and the various gatekeeping mechanisms at different stages of the human capital pipeline do insulate the high-end of the profession from a lot of competitive pressure. Curious to see how legal tech, accessibility initiatives &c. might move the landscape in coming years.
  16. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    I mean sure, the amount of money on the table especially in transactional work is so vast that the fees required to sustain these salaries are a relative drop in the bucket. But I do genuinely query whether the actual value-add of an NQ really justifies this on any theory of value other than...
  17. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    Honestly surprised that clients are not beginning to challenge the 'filthy lucre' being doled out at law firms.
  18. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    Re: tier 4 visas, it is unfortunately super restrictive. Last year I only applied to a handful of schemes as they had to be fully within the Easter holiday. Note if you're a grad student summer schemes may also not be accessible - at my uni at least summer counted as term time since notionally...
  19. Rob93

    TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

    Would just bear in mind that Dentons and Bakers are, I believe, both Vereins so can segregate out the profitability (or not) of their Colombia office - the economics may be less attractive to global partnership firms.
  20. Rob93

    Question...

    Jessica beat me to it - I've also seen 'interdepartmental' used. I don't think there's really a term of art or specific industry jargon - on a firm by firm basis you might be able to find their preferred term in their promotional materials.
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