TCLA Vacation Scheme Applications Discussion Thread 2022-23

[Ameliaa]

Heard nothing from Clyde, didn’t apply to the other two when did you complete the Clyde VI? I completed it last Tues so more than a week ago now...

Thats when I did mine too! But I don't think anyone has heard back with positive news yet

 

[Ameliaa]

30+ applications, 1 AC and 19 rejections, I just -

You only need one firm to say yes! Congratulations on your AC!

 

[kokothemagicdragon]

30+ applications, 1 AC and 19 rejections, I just -

and now you have 1 good application which will either turn into a VS (maybe even TC!), or a huge learning opportunity/template for all your future apps!

 

[F99]

Massive congratulations! When did you send off your VI if you dont mind me asking!

Thank you last Thursday!

 

[F99]

Thank you! Last Thursday

 

[bhbuygu]

got a big phat PFO from clyde and co after my dreadful VI #ilovevideointerviews

Sorry to hear that Do you have any advice or self-reflections on why it was ‘dreadful’? Hoping you smash the next one!

 

[HopefulFutureTrainee123]

When asked about a commercial story, is it better to go for something well-known, or to go for something more niche?

 

[kokothemagicdragon]

When asked about a commercial story, is it better to go for something well-known, or to go for something more niche?

IMO, go for something well known and find your own analysis/thought process on it. I think that going niche is cool and all, but maybe it wouldn't really impact the firm in question. I've often been asked the question: Tell me about a recent commerical trend or topic, and then the follow up question is: how does this relate to XYZ practice groups or our core fee earning groups.

TBH I'd prepare both something general (ex: long term covid effects + war in russia = ECM dealflow gone to sh*t) and maybe something niche you passionate about (ex: microchip/silicon carbide shortage --> EV car manufacturers having trouble keeping up with demand and with the looming conflict between China and Taiwan, new companies are being set up in the US + Europe = M&A, real estate, litigation (when contractual obligations aren't fulfilled)).

 

[kokothemagicdragon]

IMO, go for something well known and find your own analysis/thought process on it. I think that going niche is cool and all, but maybe it wouldn't really impact the firm in question. I've often been asked the question: Tell me about a recent commerical trend or topic, and then the follow up question is: how does this relate to XYZ practice groups or our core fee earning groups.

TBH I'd prepare both something general (ex: long term covid effects + war in russia = ECM dealflow gone to sh*t) and maybe something niche you passionate about (ex: microchip/silicon carbide shortage --> EV car manufacturers having trouble keeping up with demand and with the looming conflict between China and Taiwan, new companies are being set up in the US + Europe = M&A, real estate, litigation (when contractual obligations aren't fulfilled)).

Also if you going into something niche, for example the methods used to value companies are currently overvaluing them and therefore upon IPO their value drops. You could fall on an expert/someone who's really into that and they could press you with more questions just to see if you actually have knowledge or just know how to summarise a FT article 🤣

The IPO outlook in one word

#PrayforIPOs

www.ft.com

 

[Harrison.jm]

When asked about a commercial story, is it better to go for something well-known, or to go for something more niche?

anything you want. the main aspect is that you are able to convey your points succinctly. Essentially, imagine giving someone with no knowledge of the subject an explainer. Go for an area that you are interested in, but keep in mind that you should be able to tie it back towards the firm. Therefore, if the firm you are applying for has strengths in Oil & Gas FE, a story in that industry is a good shout etc. Still, if you are very comfortable with commercial topics, I think you can bring anything to the table which demonstrates your knowledge of the markets.

 

[jnice]

When asked about a commercial story, is it better to go for something well-known, or to go for something more niche?

Go with something you are interested in, that you will be able to discuss, and relates to the firm and its clients

 

[WAL007]

Hi guys.
Not sure if this fully appropriate but do you guys have any recommendations of websites that offer free AC case study practise and resources of a similar sort?
as much as I’d love to, I simply cannot afford £40 for the TCLA resources even though I know they’re really really good.

any help is appreciated!!

Hi there,

There are some practice case studies on LSE website that you can use. Click the following link to access these: https://info.lse.ac.uk/current-stud...cles/legal-case-studies-and-written-exercises

all the best

 

[HopefulFutureTrainee123]

IMO, go for something well known and find your own analysis/thought process on it. I think that going niche is cool and all, but maybe it wouldn't really impact the firm in question. I've often been asked the question: Tell me about a recent commerical trend or topic, and then the follow up question is: how does this relate to XYZ practice groups or our core fee earning groups.

TBH I'd prepare both something general (ex: long term covid effects + war in russia = ECM dealflow gone to sh*t) and maybe something niche you passionate about (ex: microchip/silicon carbide shortage --> EV car manufacturers having trouble keeping up with demand and with the looming conflict between China and Taiwan, new companies are being set up in the US + Europe = M&A, real estate, litigation (when contractual obligations aren't fulfilled)).

Also if you going into something niche, for example the methods used to value companies are currently overvaluing them and therefore upon IPO their value drops. You could fall on an expert/someone who's really into that and they could press you with more questions just to see if you actually have knowledge or just know how to summarise a FT article 🤣

The IPO outlook in one word

#PrayforIPOs

www.ft.com

anything you want. the main aspect is that you are able to convey your points succinctly. Essentially, imagine giving someone with no knowledge of the subject an explainer. Go for an area that you are interested in, but keep in mind that you should be able to tie it back towards the firm. Therefore, if the firm you are applying for has strengths in Oil & Gas FE, a story in that industry is a good shout etc. Still, if you are very comfortable with commercial topics, I think you can bring anything to the table which demonstrates your knowledge of the markets.

Go with something you are interested in, that you will be able to discuss, and relates to the firm and its clients

Thank you!

 

[Ameliaa]

Any tips for the Simmons & Simmons Test & VI would be greatly appreciated

 

[justhangingout]

Any tips for the Simmons & Simmons Test & VI would be greatly appreciated

hi! you get unlimited time to prepare for each question so don't stress! SJT is pretty standard with some maths elements

 

[ria030]

Does anyone have any tips for the PwC VI? Thank you in advance!

 

[patternteddybear]

anyone applying for ropes & gray?

 

[EliteWhovian]

got a big phat PFO from clyde and co after my dreadful VI #ilovevideointerviews

I had the smart idea of doing the clyde video interview at uni late in the evening, the lights turned off MID RECORDING! I just know recruitment will be laughing 😂

 

[Ameliaa]

hi! you get unlimited time to prepare for each question so don't stress! SJT is pretty standard with some maths elements

Ahh thank you! That's great to know I'm assuming the questions are just motivation and competency based?

 

[S87]

anyone applying for ropes & gray?

Yes me