I have a question regarding strategy/ direct TC applications, which I would really appreciate hearing people's thoughts on. Would be particularly grateful if
@Jessica Booker could give some insight.
Direct TCs are opening up now until June/July. Having secured a few Vac Schemes with firms I would enjoy working at, should I apply to some direct TCs at other firms (that i'd also enjoy working at)?
I ask because my main priority is simply securing a TC this year. I realise Vac schemes can be unpredictable and I was considering whether I could advantageously leverage the fact I have vac schemes coming up with other rival firms, during the application (as it would make me seem like a more desirable candidate) to get a direct TC now. If I dont end up converting one of the VS, surely, my position wouldn't be as strong for direct TCs as it is this year.
Another consideration is that I am a final year law UG at Oxbridge. In other words, I have a very demanding few months of exam prep coming and there would be an opportunity cost (in that I'd be taking time away from my revision) to do these direct TC applications.
@Homer congratulations on your vac schemes! It is impressive to hear that you are driven to keep applying despite having secured a few vac schemes 😊
First of all, it is always worth applying to more firms if you have the time, no question! Even though you are clearly an excellent applicant from your vac scheme successes, you always boost your chances further with more apps, plus direct TC applications are a great route to take(see
@AvniD's excellent thread about them
here) as there is a prospect of ending up with a TC offer without having to go through a vac scheme! As you say, you will be able to leverage your vac schemes in your direct TC apps and I think this will help you pass the application stage and have talking points in interviews (if my personal experience is anything to go off).
That said, I don't think it is true to say that your position will not be as strong for direct TCs if you do not end up converting one of your vac schemes. In fact, if you are very busy now with exams then I would possibly wait until after your vac schemes to decide whether you need to apply for direct TCs. I attended three vac schemes last cycle and was not successful in converting any of them into TCs. I have told this story before on the forum, but on July 13th I received two post-VS rejections on the same day and I immediately picked myself up and sent out a direct TC app on July 14th and another one on July 15th, both of which ultimately ended up in training contract offers.
I noticed a massive difference in the success rate of my apps getting past the application stage after securing my vac schemes, but very little difference between the period before starting and after completing the vac schemes, at which point it would have been obvious to a firm where I was applying that I had not converted my schemes. I talked extensively about what I had learnt and enjoyed about commercial law from my vac schemes in my direct TC interviews and I was never once asked whether I was successful in converting them.
All of this is to say that the direct TC route is great, but unless you have deadlines approaching before your vac schemes (I can only think of
Baker McKenzie and
Ashurst where this is likely to be relevant although I am sure there are a couple more) then I would wait until after you complete your vac schemes when you have more time to write these applications and will be able to actually write about the work you did on the schemes and what you learnt from it.
I hope that this is all helpful