TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

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Sfernan21

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Jan 26, 2021
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I had my Stephenson Harwood written task on Monday [final stage] and not heard anything yet. What are the timelines usually like for hearing if you have successfully been accepted onto a VS. I appreciate it will differ from firm to firm, but it doesn't take away from how incredibly nerve wracking it is!!

I do have a few other ACs to prepare for which is helping to re-focus my mind, but I am finding it very hard to focus given that it is literally going to be a YES or a NO.

Any advice would go a long way, cheers.
 
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Jessica Booker

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Aug 1, 2019
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@Jessica Booker would be v grateful if you could offer any insight on this
Unfortunately, there is a lot of variables in here to say exactly. For instance, how far you are into the course/which modules you had completed, whether you have worked in the legal industry before, even down to how you have described your skills/knowledge in your application. It will also vary between firms (and possibly even interviewers).
 

Rob93

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Dec 29, 2020
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Hi guys, does anyone have insight into how much legal knowledge is assumed by the interviewers if you've already started the pgdl when you interview?
Not loads. They might assume that you know, like, offer and acceptance and consideration etc. but I don't think they're likely to grill you on contract fundamentals
 

Commerciallaw

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  • Aug 30, 2021
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    ...question - do you guys use 'practical law' (or any other legal resources) to learn about M&A. Or is that too much detail? Because I am soo scared that I do not have enough info/knowledge for the case study
     

    CorporateLaw101

    Legendary Member
  • Nov 16, 2021
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    ...question - do you guys use 'practical law' (or any other legal resources) to learn about M&A. Or is that too much detail? Because I am soo scared that I do not have enough info/knowledge for the case study
    Correct me if I’m wrong as I’m not speaking from experience; but, remember that graduates of any discipline can gain vacation schemes at most firms. IMO technical legal knowledge will not be something that will be challenged much in a case study but I’m sure others who have actually attended ACs will be able to provider better guidance!
     

    Rob93

    Legendary Member
    Dec 29, 2020
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    ...question - do you guys use 'practical law' (or any other legal resources) to learn about M&A. Or is that too much detail? Because I am soo scared that I do not have enough info/knowledge for the case study
    I *love* practicallaw - it might provide more detail than they're necessarily looking for, and I think it's probably sensible to go into assessments being prepared to not deploy everything you've picked up in your preparations if it might divert you from the main point of the exercise. That said it's better to be armed with more knowledge than less, just be wary of getting caught in the weeds on time-pressured exercises
     

    Commerciallaw

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  • Aug 30, 2021
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    Correct me if I’m wrong as I’m not speaking from experience; but, remember that graduates of any discipline can gain vacation schemes at most firms. IMO technical legal knowledge will not be something that will be challenged much in a case study but I’m sure others who have actually attended ACs will be able to provider better guidance!
    Thank you for responding. But practical law isn't just legal knowledge - but they go into depth about lets say debt vs equity in financing an acquisition. But within that let us say you chose debt - would you choose an overdraft (adv/disadv), term loan (adv/disadv), Mezzanin (adv/disadv) - and within that bridge financing, revolving credit facilities etc.. etc... 😭 😭

    I just have no idea how much depth is needed
     
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