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

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Jessica Booker

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@Jessica Booker I've just been invited to interview for a paralegal role at a firm for which I'm currently finalising a VS app - is pursuing both of these concurrently going to raise any eyebrows on either side or jeopardise my chances in any way?
Is it a perm paralegal role or a fixed-term contract?
 

TC fiend

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  • Apr 27, 2021
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    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
    I think if you've got this knowledge, great, it'll be impressive (though I'd say be careful, you don't want to trip yourself up in front of someone who has a far better understanding of it).

    But keep in mind that absolutely no one is expecting you to go into this having any sort of understanding of a loan facility agreement. I think if you can outline the basic advantages/drawbacks of debt vs. equity financing and why one might be more appropriate than the other, you're probably on the right path. I think if you overcomplicate it in the little time you have you risk 1) going off track 2) making mistakes and undermining the strength of your own answer.
     

    Nemo_nana

    Well-Known Member
    Apr 17, 2020
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    Funny story time : Just got an email earlier from my dream firm asking me to work on something for them (I applied for a vac scheme but have not yet heard back) I knew this email was definitely not meant for me because of the context but somehow I wanted it to be lol.
    I emailed said firm to ask “Are you sure I’m the intended recipient?” They emailed back “Yes. please see previous thread.” Long story short, I was not in fact the intended recipient and there was a mix-up. 💔😅
     

    Nemo_nana

    Well-Known Member
    Apr 17, 2020
    21
    57
    Funny story time : Just got an email earlier from my dream firm asking me to work on something for them (I applied for a vac scheme but have not yet heard back) I knew this email was definitely not meant for me because of the context but somehow I wanted it to be lol.
    I emailed said firm to ask “Are you sure I’m the intended recipient?” They emailed back “Yes. please see previous thread.” Long story short, I was not in fact the intended recipient and there was a mix-up. 💔😅
    And that is how my Friday afternoon of refreshing emails is going folks 🙃
     

    AspiringTrainee

    Legendary Member
    Junior Lawyer
  • Sep 22, 2021
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    Does anyone have any advice on the white & case video interview? Since it’s only 3 days to prepare can I assume the questions will be fairly broad and not too challenging?
    Yeah - when I did it for the winter scheme it was the typical video interview questions. 30secs prep 90 secs to speak. Still need to do research on firm I would recommend though
     
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    GeorgieW

    Active Member
    Dec 17, 2021
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    Yeah - when I did it for the winter scheme it was the typical video interview questions. 30secs prep 90 secs to speak. Still need to do research on firm I would recommend though
    do you remember whether it is more commercially-heavy or competency/motivation-heavy? I'm a little scarred by the Skadden experience of nothing but commercial and it's making me over-think other American firms!
     

    AspiringTrainee

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  • Sep 22, 2021
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    do you remember whether it is more commercially-heavy or competency/motivation-heavy? I'm a little scarred by the Skadden experience of nothing but commercial and it's making me over-think other American firms!
    What I got from my white and case experience (I went to the assessment centre) was very much more about you and not so much commercial based.

    It was a while ago now so I don’t want to give wrong advice but from what I remember it was definitely a video interview I thought went better than others.things like About the firm, about you (competencies) but the commercial awareness is broad? Like you can talk about anything
     
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    GeorgieW

    Active Member
    Dec 17, 2021
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    151
    What I got from my white and case experience (I went to the assessment centre) was very much more about you and not so much commercial based.

    It was a while ago now so I don’t want to give wrong advice but from what I remember it was definitely a video interview I thought went better than others.things like About the firm, about you (competencies) but the commercial awareness is broad? Like you can talk about anything
    Thanks! This is super helpful
     
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