Hi there!
1. On your above comment, so I understand this correctly: Are you saying some firms DO recruit for direct TCs from SECOND YEAR UNDERGRADUATE LLB STUDENTS?
Yes, some firms do recruit direct TCS for second year undergraduate students (eg, White & Case). You will need to check on a case-by-case. Firms refer to second-year students as penultimate students. It is not limited to only LLB students; students from non-law degrees are also eligible to apply.
2. So what you are saying is that in case I haven't cracked a TC in my final year of law course, I can still have a few more shots after graduation, correct?
Yes, you can apply for TCs even long after you graduate – I applied after completing my LLB and LLM. Strictly speaking, there are no age limit to apply for TCs. The only limit is your eligibility to stay and work in the UK – LLMs and Graduate visa are two ways to extend your stay in the UK after your LLB studies.
Also some firms restrict their VS to penultimate and final year undergraduate students. Some firm (typically those with more than one vacation schemes per year) will designate a specific scheme for final years and/or graduates (eg, winter VS). This varies firm-by-firm. Have a look at
this as an example of what I'm talking about.
3. Since I won't be eligible for most winter VCs (I see that most are offered during first couple of weeks of December which is still term time) , most of my applications would be to Spring and Summer schemes. If the above is correct, would January 24 would a good time to subscribe?
You are correct in that since you are an international student, the schemes must be held during non-term time in order for you to do it since VS by a large are full-time work. However, different firms have different dates, so you may have a firm with a winter VS outside of term time. Also application for all VS at a firm tend to open on the same date albeit due on different dates so you can still apply earlier – in the link I put above, you'll see that applications for winter, spring and summer all open on the same date. As
@Jessica Booker said, the earlier you subscribe, the more time you have to digest the content. Hint: most firms open application in the new cycle in September.
Another thing to bear in mind is that some firms recruit for VS and direct TC on a rolling basis. Rolling means that firms consider applications as they come in and may close their application earlier if they have filled up their spots. Non-rolling means that firms will only consider applications after the deadline passed. Here's a handy
list of firms recruiting on rolling/non-rolling. You can use rolling applications to your advantage by applying earlier – most applications are made in the last few days before the deadline (there's a graph of this somewhere on the TCLA forum but I can't find it).
Hope this helps! If you have any further questions, feel free to pop them into this thread and I'll answer them as best as I can.