Hi guys, I'm not really sure how to approach this
Dechert application question:
'Dechert is frequently retained to work on the most challenging matters, and prides itself on its ability to deliver premium legal services and sound business judgment to its clients. In your opinion, other than the above, what are the three key reasons why our clients instruct us?'
I'd say it's very much like Shearman's "competitive advantage" question. I was going to talk about lateral hires but I'm worried that might come under "premium legal services". And other than that, I'm not sure how to make genuine points without repeating the question
Usually a good place to start is:
What is Shearman's expansion style and what differentiates it from it's competitors in revenue/partner/client/geographic growth?
What is Shearman's culture and how does that contribute to it's competitive advantage over other firms?
What is unique to Shearman's practices/organisation?
I would suggest looking up Jaysen's v comprehensive list on how to differentiate firms - start from a few points, and then do research and expand onto them.
I also don't think Shearman has recently done that well relatively re: lateral hires so I wouldn't put that. Pre-partner profit restructuring, Shearman was actually losing quite a few experienced hires to the likes of other US firms.