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TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)
- Thread starter Jaysen
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CMS AC, had started to lose hope! This will be my first AC ever so would really appreciate any advice/insight 
Yes on TW. Got invited to an arctic shore. Not sure if it was an automatic thing that everyone did though? Haven't heard back since the arctic shore though
Does anyone have experience with Sidley Austin interviews?
That’s such a relief to hear, thank you!
The interviews went fairly well and I actually found the scenario interviews with the partners pretty enjoyable. It was much more like a conversation than an interview!
Hi @esther18,
That's great to hear! I am really happy that you enjoyed the experience 🥳 🥳
I just found it exciting to have the opportunity to talk through a scenario with someone so experienced while bouncing ideas off them about how to go about tackling it. I felt like I learned a lot.
Out of interest, have you written down the questions you were asked and taken note of what went well/could have gone better?
I know you have only just done the interview (and are still probably mentally exhausted by the whole experience!), but doing this can be invaluable for personal development (I found anyway!)
In that case it would be difficult for shareholders to make money. Shareholders, who are not the management (the company's management sometimes receives directors' fees in lieu of dividends, especially in small private companies) have only two options to make money from their investment: through dividends or through value growth (or both). If the company is not paying dividends, it is unlikely that the shareholders would be willing to keep the shares (unless they have hopes for a change in the dividend policy). What also sometimes happens is that, in small companies, when directors' fees are paid out in lieu of dividends, certain minority shareholders, who are not willing to sell their shares, can be effectively excluded from any profits, which may give them a right to raise an action for unfair prejudice under CA 2006, which may subsequently lead to a buy-out by the other shareholders at "fair price".
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Does work ever feel like a real-world situation judgement test? I’m really having a weird dejavú at my desk like hmm I’ve definitely come across this scenario before but unfortunately I actually have to do the work and not just select an option!
Hi everyone,
Has anyone completed a VI with Latham & Watkins either for their Sumer VS or their Winter VS (2021-2022 cycle). If so, I'd very much appreciate any insight you could give me into how to prepare and the nature of the questions asked. This is my first VI, so quite green in that regard. Thanks in advance !
Has anyone completed a VI with Latham & Watkins either for their Sumer VS or their Winter VS (2021-2022 cycle). If so, I'd very much appreciate any insight you could give me into how to prepare and the nature of the questions asked. This is my first VI, so quite green in that regard. Thanks in advance !
I think if you’re getting the sense that everyone else has heard back multiple weeks ago then it’s alright to nudge. Otherwise it’s just annoying - they’ve received hundreds (or thousands) of applications and have other responsibilities as well. They’ll get back to you when they can
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