- Sep 14, 2023
- 1,274
- 1,725
Hey @ChanA2626,Hi all, just wanted to ask for clarification:
1) Is it of general consensus that if you receive and take the VS for a UK firm, it is likely that you will be kept on for a TC?
2) Conversely, if you receive and take the VS for a US firm, there is much more competition for a TC hence no implications?
I have heard some leading US firms (V5, so think Cravath, Skadden...etc) have as many as >15 VS students but only <5 of them got the return offer for TC.
I have no knowledge of their UK counterparts.
Thanks a lot.
I have heard this even when I was applying last year and I think that this is generally what people think but I think it is firm specific. I have many friends who did UK firms vacation scheme and did not manage to convert them (even though the conversion rate is high compared to other firms). I think that generally speaking some UK firms do recruit vastly from the vacation scheme, others do not. I think that the same applies to some US firms. However, I will say that US firms tend to recruit less trainees, however it depends on the firm. Some US firms do offer a lot of training contract to the vacation scheme students (especially cause the cohorts are smaller). For instance, I know that Sullivan & Cromwell offer training contracts to 90% of the people who do the vacation scheme (which is 10 usually).
However, this should not discourage you from applying to them in the slightest. If I believed this statistics I would have never applied to Goodwin and I would have never received the training contract, despite knowing that they only offer 14 training contracts every year. So, definitely put your best foot forward.
Good luck with the application!