It's reasonably likely to be in a similar domain to what might be a case study exercise in a TC/ VS AC.
In terms of decoding the specific content, it's very hard to say - a starting point is to consider the particular role you're applying for (i.e., department etc) and consider what sort of work a paralegal in that team is likely to undertake. That ought to get you into the ballpark of what to expect, but that is a very broad-brush approach.
Very best of luck!