Hi everyone, apologies for the late response, I had a lot of DM's regarding Macfarlanes 2019 AC for their summer scheme, so decided to make a thread.
Group exercise and negotiation:
Group of 5 - case study involving a company wanting to acquire another. 4 points regarding the company - we had to discuss within the group which we think is the most important to include within an executive summary to the client - assessor contributed to discussion and asked some questions - very relaxed atmosphere, just follow the usual group advice.
Negotiation - 2nd part of the paper had 4 points in total regarding the business - involved both sides having to concede on 2 things, one side is the buyer and other is seller - be calm and collective - be flexible, but not too flexible - always have the client in mind
Written exercise:
30 minutes in total - situation where a company had 3 people who were given shares and left the company as a result of one thing or another.
You are given an employment contract - use the clauses within the contract to determine what type of employee they were and how many shares and for what price the owner can recover from these employees based on the contract.
Maths IS INVOLVED! I was stuck with the maths problems as there was no calculator - ensure you have basic division skills (bus stop method) and multiplication
Very time pressured. Ensure you structure the letter clearly and read the contract CAREFULLY
Interview/in tray exercise
15 minutes reading time - case study involving a business that wanted to acquire a warehouse and license their brand to another company. Given another contract setting out what limitations they have - Please read the contract carefully, there was a lot of complicated terminology
Interview
1 partner 1 associate - lovely people. I really struggled with case study - partner guided me through and pushed me to the answers. Actual interview started with - tell me a time you faced a challenge and how you overcame it
Why law - majority of 2nd part went on around something i mentioned that i do which is extra curricular - and why Macfarlanes
And opportunity to ask questions at the end - Don't be asking too many questions, 2 is enough
Group exercise and negotiation:
Group of 5 - case study involving a company wanting to acquire another. 4 points regarding the company - we had to discuss within the group which we think is the most important to include within an executive summary to the client - assessor contributed to discussion and asked some questions - very relaxed atmosphere, just follow the usual group advice.
Negotiation - 2nd part of the paper had 4 points in total regarding the business - involved both sides having to concede on 2 things, one side is the buyer and other is seller - be calm and collective - be flexible, but not too flexible - always have the client in mind
Written exercise:
30 minutes in total - situation where a company had 3 people who were given shares and left the company as a result of one thing or another.
You are given an employment contract - use the clauses within the contract to determine what type of employee they were and how many shares and for what price the owner can recover from these employees based on the contract.
Maths IS INVOLVED! I was stuck with the maths problems as there was no calculator - ensure you have basic division skills (bus stop method) and multiplication
Very time pressured. Ensure you structure the letter clearly and read the contract CAREFULLY
Interview/in tray exercise
15 minutes reading time - case study involving a business that wanted to acquire a warehouse and license their brand to another company. Given another contract setting out what limitations they have - Please read the contract carefully, there was a lot of complicated terminology
Interview
1 partner 1 associate - lovely people. I really struggled with case study - partner guided me through and pushed me to the answers. Actual interview started with - tell me a time you faced a challenge and how you overcame it
Why law - majority of 2nd part went on around something i mentioned that i do which is extra curricular - and why Macfarlanes
And opportunity to ask questions at the end - Don't be asking too many questions, 2 is enough
