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  1. Amma Usman

    The Weekly Brief: Commercial Awareness Updates

    WHAT IS A WATERFALL IN PRIVATE EQUITY..? In private equity, a waterfall is the framework used to distribute profits from investments between the limited partners (LPs) and the general partners (GPs). It specifies the order of payouts, typically starting with returning the LPs' initial capital...
  2. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hi there @theone132213 , Good question. The setback doesn’t have to had led to failure. It is enough to talk about a challenge you faced, and how you resolved it - essentially, follow the STAR structure. I have quoted two posts on this above.
  3. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hey @ThelawgraduateX , I would not worry about this. The quality of your response matters more than how long you took to say it. An individual, X, could have spent the complete 3 minutes talking, but spoken too fast, or said inadequate things.
  4. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hi @lolasparks , I am unsure about PM, but I know most legal recruiters often recommend prose over bullet points. You could also adopt a hybrid approach: bullet points + prose, in my opinion. I frequently adopted the latter and got past many application stages.
  5. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hi @AI212121 . In such cases, you are right in suggesting that honesty is the best policy. Law firms don’t expect you to know everything. At the end of the day, TCs are development programmes. This rule applies to anything you genuinely do not know in an interview. A professional response would...
  6. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hiya @-legal- , yes I agree with this approach you have mentioned.
  7. Amma Usman

    Mock M&A Case Study: Analysis

    Hey @EK_27 , This is a very valid question and I completely understand where you are coming from. This thought often came up for me as well when I was attending ACs and learning new courses. I was often scared by the thought that I had to know so much to succeed. Quite frankly, a good grasp...
  8. Amma Usman

    TCLA Direct Training Contract Applications Discussion Thread 2024-5

    Hiya @futuretraineesolicitor , yep - this is right. For the second question, you may find it beneficial distinguishing between disputes and corporate work and why the latter appeals more. I recommend delving deep on why financial transactions, M&A, PE, and the likes appeal more. K&E also offers...
  9. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hey @hazanelson , I recall answering questions like this just as the question presents itself. For example, you will need to touch on one of these listed details first (extra-curriculars, prizes, etc), and then link it to the firm (its trainee qualities, and so on). The latter is very important...
  10. Amma Usman

    Am I too late to apply for the first year schemes?

    Hiya @naam8332 , no not all! As @Jessica Booker explained, most of these are open. We’ve complied a deadlines list here to help keep you all on track of those deadlines - https://www.thecorporatelawacademy.com/forum/threads/first-year-scheme-deadlines-2024-25.9090/ In your first year, I also...
  11. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hi ! I’ve made a post on this which I’ve quoted below;
  12. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hey @Aspiringsolicitor01 , Good question. Both questions are indeed very similar. For the open day app, you will need to show more of what you will gain, rather than what you know. The latter is reserved for the vacation scheme app, where you will need to touch on the skills, qualities, and...
  13. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hiya @Hana ♥ , I am unsure about the specifics of DLAs VI, but for general VI prep, I recommend taking a look at @Andrei Radu ’s wonderful guide: https://www.thecorporatelawacademy.com/forum/threads/a-complete-guide-for-competency-interview-preparation.9380/
  14. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hey there @helloj , This is a really interestingly worded question. I find the ’how that lawyer would drive our business’ part really cute. Essentially, it is asking ’ why you ‘. In answering why you, I feel it is particularly important to note that there is no work experience section. This...
  15. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hiya @cjwx , I strongly believe that you are in no way at a disadvantage. In fact, you have done a lot of really excellent stuff during this period to put in an application. I want to emphasise that extra-curriculars mean so much more to recruiters than mooting competitions, society...
  16. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hey TCLA Community, I hope you’re all having a FAB weekend! I have seen a number of posts recently relating to the percentile of candidates firms recruit from either VS’ or TCs. I’ve linked a thread by @Ram Sabaratnam below which covers so much of the info you need to know regarding this ...
  17. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hey @Tintin06 , good question. I’m linking @Ram Sabaratnam ’s really wonderful thread here - https://www.thecorporatelawacademy.com/forum/threads/where-firms-recruit-from-vacation-scheme-vs-direct-tc-applications-2024-2025.9147/ PH has been included, as well as a bunch of other firms!!!
  18. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hey @gazdgazd11 , @Ram Sabaratnam has made a very helpful thread on this. Goodwin is also included, and I’ve linked it here; https://www.thecorporatelawacademy.com/forum/threads/where-firms-recruit-from-vacation-scheme-vs-direct-tc-applications-2024-2025.9147/
  19. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hey @svb risk management intern . Honestly, I can’t emphasise how useful this question is to the whole community. Indeed, you are right in that all these firms share similarities in one way or another - deal scope, client base, market position, and so on. The truth is, this will always be the...
  20. Amma Usman

    TCLA Direct Training Contract Applications Discussion Thread 2024-5

    Hey there @Tangcy , this is a very valid question. I have come across it many times with a number of my mentees. The short answer is that this should not be a reason highlighted in applications, nor in interviews or at any stage of the process. The reason is because generally, high...

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