2020-21 Vacation Scheme Applications Discussion

[MizM]

FF post app PFO. For a TC - applied near deadline

 

[Jacob Miller]

How are people interpreting Debevoise's discretionary dress code for AC? I'm leaning towards suit and tie but don't want to be the only one 😅

If in doubt, suited and booted is the way to go (well, suited and slippered in the current circumstances, but you get where I'm coming from).

 

[packhorse]

yeah so i think its in london when they are going to merge, shares are suspended for the purpose of doing this. In Amsterdam and in the US shareholders have a Redemption Right which means they can exit with their money at this stage, but in the UK they don't, which makes it less attractive from a shareholder standpoint. I think.

One thing I have always wondered is why these firms, which are essentially redundant/non-functioning companies, still listed? Surely for them it is expensive and there are strict regulatory requirements requiring legal counsel etc.? It would be interesting too to know when these firms listed and when they became essentially shell companies- or are the original companies often still functioning companies whose assets are then subsumed by those of the merging firm?

I always find it interesting why more isn't covered about the history of SPAC firms prior to merging/co-listing (whatever the term is!). I would find it interesting to find out what the company did in the first place, why it fell out of favour and why they are still listed! Presumably listing for any firm is quite a big deal (only 1,100 on the LSE I think?) so to be listed but be in a position to be subsumed by another company to facilitate their listing must mean that the original firm has a rather different trajectory than when it initially listed?

 

[Jacob Miller]

Hi all! I just wanted to check if I understood something correctly
With SPACs, what is the reason why firms are going to the US stock markets for these? Is it because of the current UK regulations that mean when the SPAC has identified a target, they can no longer trade? If so, how is it known when a SPAC has identified a target? Do they announce it?

Thank you!

SPACs: The London alternative

The use of special purpose acquisition companies (SPACs) as an alternative route to access the equity capital markets has fluctuated in popularity over the years as a result of changes in both market conditions and investor appetite.

www.nortonrosefulbright.com

The US is Teeming With SPACs, Why is the UK at Zero? - TimmermanReport.com

Biotech startups from the UK traditionally have a financing strategy that leads to one of two places – the NASDAQ or the NYSE. This means learning how to follow a US-centric playbook. About 10 percent of the biotech IPOs on the US markets this year come from companies based outside the US. This...

timmermanreport.com

I found the above articles quite interesting on this topic, hope they help

 

[WannabeSolicitor24]

If in doubt, suited and booted is the way to go (well, suited and slippered in the current circumstances, but you get where I'm coming from).

I'm really confused as well as it says explictly that they "will not enforce a formal dress code policy and this will be left to your discretion" - I was going to go with a smart shirt but not sure if this is too casual??

 

[Jessica Booker]

How are people interpreting Debevoise's discretionary dress code for AC? I'm leaning towards suit and tie but don't want to be the only one 😅

You can always take a jacket and tie off but trying to find one last minute will be much more difficult.

But I’d read this as office wear you could dress up if a client turned up for an unexpected meeting.

 

[Ron Laflamme]

One thing I have always wondered is why these firms, which are essentially redundant/non-functioning companies, still listed? Surely for them it is expensive and there are strict regulatory requirements requiring legal counsel etc.? It would be interesting too to know when these firms listed and when they became essentially shell companies- or are the original companies often still functioning companies whose assets are then subsumed by those of the merging firm?

I always find it interesting why more isn't covered about the history of SPAC firms prior to merging/co-listing (whatever the term is!). I would find it interesting to find out what the company did in the first place, why it fell out of favour and why they are still listed! Presumably listing for any firm is quite a big deal (only 1,100 on the LSE I think?) so to be listed but be in a position to be subsumed by another company to facilitate their listing must mean that the original firm has a rather different trajectory than when it initially listed?

A SPAC is specifically designed/created to acquire a target. Therefore they have no assets or business operations of any kind (prior to acquiring the target company). This is what allows them to list publicly so easily.

 

[Pierre343]

I'm really confused as well as it says explictly that they "will not enforce a formal dress code policy and this will be left to your discretion" - I was going to go with a smart shirt but not sure if this is too casual??

can always have everything within reach and be the last one to turn on your camera! Get a glimpse of everyone else before quickly putting on the jacket 😅

 

[wdclarke]

is anyone doing Farrer's AC on thurs and hasn't received any further info re. details of the day?

I had this, I just rang Claire Roach and gave her a different email address; she was really helpful and got it sorted. Good luck with your AC - mine is tomorrow!

 

[LawGrad2019]

I had this, I just rang Claire Roach and gave her a different email address; she was really helpful and got it sorted. Good luck with your AC - mine is tomorrow!

I haven't received any info yet either but mine is Thursday so I guess it could still come.

Good luck!!! I'm sure you'll ace it

 

[MandyAA]

Feeling a bit lost on how to fully prepare for my AC - when do I know I’ve prepped enough 😩

 

[HorsesForCoursesNeighNeighNeigh]

can always have everything within reach and be the last one to turn on your camera! Get a glimpse of everyone else before quickly putting on the jacket 😅

One of the few benefits of being a woman is avoiding all the suits and ties politics 🤣

 

[Jordon]

Is anybody still waiting for a response from Irwin Mitchell post-app?😂 I think I’m the only person they haven’t got back to (Newcastle office)

 

[packhorse]

A SPAC is specifically designed/created to acquire a target. Therefore they have no assets or business operations of any kind (prior to acquiring the target company). This is what allows them to list publicly so easily.

Ah I see! I didn't realise they were purpose-built so to speak thanks @Ron Laflamme

 

[rose63]

bit of an odd one, but any ideas as to what to wear for a feedback call with grad rec? assumed it was going to be a phone call but have had an email with a teams link

 

[lawlad]

HSF Summer VS offer - so excited!!!

Congratulations!! I did the winter vac there so don't hesitate to get in contact if you want to chat about it

 

[John Travoni]

Just completed the Gateley interactive assessment rn. Absolutely shattered! All I’m gonna say is, good luck guys

 

[CharlotteLegal]

Just completed the Gateley interactive assessment rn. Absolutely shattered! All I’m gonna say is, good luck guys

Uhoh! I’m sure you did fine! How was the VI bit? Long?

 

[John Travoni]

Uhoh! I’m sure you did fine! How was the VI bit? Long?

Tbh, the VI was actually alright although some questions were quite specific. Spoiler alert: you can’t cheat at all in the assessment or even get help 😂😂 bc they’re recording you on your webcam the entire time

 

[JoeF]

Hi all,

This might be slightly off topic, but I was just wondering whether it's useful to mention on my applications that I'm currently studying towards NY bar (I decided to do that after failing to secure a TC last cycle, but getting a TC remains my ultimate goal - so I would just be dual-qualified if I'm lucky enough to get TC). I'm not sure whether or not to mention this, as, on one hand, it is an extra qualification, but on the other, I wouldn't want law firms to think that I'm already qualified and so no longer need a TC.