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

[John Travoni]

Mayer Brown PFO

So sorry to hear this. Did you just hear back now?

 

[theag]

Has anyone done the OC assessment centre yet? Mine is tomorrow afternoon and I’m quite nervous about it - the previous interviews I’ve done haven’t actually involved an AC!

Hi,
how did you find the AC? I hope it went well!

 

[allthingslegaltech]

So sorry to hear this. Did you just hear back now?

Yeah just came through. Mixed bag today, had a VI invite for DAC so it's all good

 

[Adrian_S]

Everytime I see someone get a PFO on here, my heart sinks a bit. It’s like a vicarious PFO ☹️

 

[LS_1998]

just got a VI for DACB and invite to McQuaig for Trowers. Also PFO from TLT post-AC (all London)

what a couple of days it's been 👹👹

 

[emilyrose99]

Mayer Brown PFO ! 😎

 

[eellla1]

I got pfo from Sidley but wanting to hear from the rest

sorry to hear that. may i ask when you applied to Sidley?

 

[dani2000]

Kennedys VI anyone?

Hi i was just wondering if you have done the VI yet? how did it go

 

[Abii]

Hi,
how did you find the AC? I hope it went well!

Literally just finished it! A huge benefit of virtual ACs is that I can immediately sit on my couch and pour a large glass of wine to decompress with!

I think it went well, guess now its wait to hear the outcome! I'm not so sure about the WG element - does anyone know if we can request our score?

 

[dani2000]

has anyone done the VI for kennedys?

 

[Marissa]

Mayer Brown PFO ! 😎

Likewise!

 

[RachelLouise22]

Eversheds Vac offer! Can’t believe I was once stressing I’d never get an offer and now I have two

 

[Jaysen]

I just wanted to say I really loved @Jaysen Linkedin post this morning and which was also included in the TCLA email subscription.

That post was really accurate on point about the different types of people who get into law. Everything in that post was spot on and 100% true as from a disadvantaged background I can relate so much to it.

Thank you Asil

 

[Green]

Trowers test invite, too!

 

[elizabethjo123]

Rejected from Mayer Brown without even completing the online tests ?? Nice 🤪

 

[H12345678]

I got this too so emailed to clarify. Will let you know if they respond

I emailed and they said 11th of March

 

[Rob93]

(Sorry if this again is another stupid Q from me but I'm really specific and can't make sense of these things sometimes) -

Does everything finance related fall into the remit of a 'finance lawyer' e.g. fintech, restructuring, etc.

Gemerally no, but there is some variety from firm to firm and some will have different ranges of activities within a finance group, which may or may not be further subdivided. Fintech will very rarely be the special purview of the finance dept., though they will naturally be involved in lots of those matters.

Common discrete areas or subdivisions are:
(Syndicated) loans
Debt capital markets (straight bonds)
High yield bonds (usually complementary to PE corporate)
Acquisition finance (ditto)
Restructuring (often distinct as it involves particular knowledge of insolvency regimes or has a mix of transactional and contentious)
Financial services advisory
Securitisation (may sit within DCM but is often highly specialised)
Real Estate finance
Project finance

Again, firm to firm will vary - Slaughters and SullCrom stand out as having very broad stroke finance depts where the same lawyers do a number of these things. Some firms have consolidated capital markets groups which will do both bonds and equity issuance. A decent number of American firms have discrete practices for restructuring and/or securitisation and/or project finance, I suspect because of historical contingency and profitability considerations. As noted PE-focused firms will tend to have one or more finance arms that operate in that space in particular.

 

[Ambs123]

Just got the TH online test - is this automatic?

 

[GXA123]

Eversheds Vac offer! Can’t believe I was once stressing I’d never get an offer and now I have two

Congrats!!! when did you do the AC?

 

[User274302]

Latham AC!! My fingers are shaking as I type this lol. ANY insight at all will be so so so appreciated. Please pm me!