Hi.Got an interview invite for direct TC on Thursday
Congratulations!
When did you apply?
Hi.Got an interview invite for direct TC on Thursday
Thank you - 11th November I think it was!Hi.
Congratulations!
When did you apply?
Are you currently working and if so would you be able to get the time off to attend vacation schemes?I did work experience at Slaughter and May in April 2018, a Vac Scheme at Debevoise & Plimpton in July 2019 and a Vac Scheme at Travers in December 2020. Is it worth applying for TCs and VSs now? I was 25 in June
I’d still include it. You don’t have to do well in postgraduate courses, especially if they are non-law.I've been self employed doing tutoring for the last three years. I did a Masters in Journalism but didn't do especially well and wonder if I can leave it off the application
Things are going to be tough - there is no doubt about that, but I think the same will be said about many other countries. A lot of the issues you mention are not unique to the U.K.Hi, I wanted some opinions on working in the UK. Based on the news across the past few months, the UK is heading towards a recession this year - coupled with the cost of living crisis, high inflation rates, energy crisis etc. There aren't any assured predictions about when this would end. Brexit has also caused several major companies to either move out of the UK or suspend operations temporarily.
I'm just wondering - what impact would this have on law firms, especially for training contracts starting in 2025? Could this lead to firms reducing 2025 training contracts or laying off employees? Since major companies are leaving the UK, it possible that the UK would no longer remain a financial centre in a few years?
As an international student, there is a lot at stake while deciding to move to the UK. So these considerations may majorly impact my applications for TCs/VSs.
Would love to hear the TCLA community's opinion on this! @Jessica Booker @AvniD @Jaysen please let me know if you have any thoughts too!
This is very reassuring, thank you so much Jessica!! I really appreciate it!Things are going to be tough - there is no doubt about that, but I think the same will be said about many other countries. A lot of the issues you mention are not unique to the U.K.
And there are still companies investing or growing their operations in the UK. You only have to look at Shell relocating it’s HQ to London from the Netherlands.
But the legal industry is one of the great stabilisers to the U.K. economy, and I don’t see that changing. A lot of the world like using our legal system for their global entities. It’s probably the second most used jurisdiction in the world after the US.
And many firms are kept busy by the bad times as much as they are the bad. And they need lawyers to do that counter cyclical work.
Finally, too many firms have been burnt in the past by cutting their trainee intakes and then not having enough NQs when markets pick up. Trainees are much cheaper than qualified lawyers, and so hedging your bets and keeping trainees is generally a much cheaper option. If anyone gets laid off it will be the mid level associates rather than the trainees.
By the time you started your training contract, the U.K. is likely to be a different set up. Most likely we will see a Labour government in charge and I suspect things will be a little more rosey than they are now. By the time you qualify, it is likely the UK economy will be picking up and in a period of growth.
Will there be better opportunities elsewhere? Undoubtedly. But the great thing about being an English qualified lawyer is that it can take you a lot of places. The same can’t be said for a lot of other jurisdictions.
I would try to speak to someone at the firm about this - the people who work in the conflicts check department will be able to give more guidance as to what is appropriate to provide. It is fine to ask the firm for clarification on this.Hi @Jessica Booker I have to do conflicts checks for my upcoming VS. However, I’m struggling with how much detail to give on the form, since some of the clients I work with in my job are private individuals and I don’t know whether I should name them or perhaps the firm that represented them instead?
There are some great commercial articles that fall into this theme here: Restructuring and Insolvency | The Corporate Law Academy ForumHi everyone, does anyone know any good sources/articles/TLCA resources that help explain restructuring and a law firm's role in restructuring?
(Thanks in advance)
Thank you!!There are some great commercial articles that fall into this theme here: Restructuring and Insolvency | The Corporate Law Academy Forum
Just edited with a link to one of our courses too!Thank you!!
Hi @samni - I will flag to the team, but I think this is still the right linkHi @Jessica Booker, @Jaysen ! Just wondering if this (https://docs.google.com/forms/d/e/1...K1SHPeh0nQ/viewform?fbzx=-4854421336737884962) is still the correct form to sign up for the Junior Lawyers Community and how long it takes to be accepted? I signed up with that link a couple of days ago