TCLA Vacation Scheme Applications Discussion Thread 2023-24

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axelbeugre

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When prepping for the classic "who are our competitors?" question, would it be logical to look at where the firm has recently 'poached' lawyers from? If there's a trend of lawyers moving over from a specific firm that would indicate they're competitors right?
Yes, that would be a good indication and something to mention for sure, that is a starting point for sure. You could potentially look at law firms who are really strong in the sectors that the firm you applied to is good at too, as well as, law firms they have been against in previous deals/cases too. This was my approach when reflecting on questions like this.
 
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axelbeugre

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If you get progressed to interview stages for firms in one cycle, is it necessary the same will happen next cycle?
Unfortunately this is hard to tell but realistically speaking no. I have friends who applied to firms that they interviewed with the year before and still got rejected after application stage and did not receive an interview.

I think it depends on the strength of your application and how the competition is that year but if the firm does not stop you from applying (because some do if you got rejected from the assessment centre stage) I would encourage you to apply and make your application from scratch, highlighting what changed in your application and I am sure you will be invited for an interview again!
 
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axelbeugre

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Are there any disadvantages to applying for a direct training contract with a firm as opposed to going through the vacation scheme route? @Jessica Booker @axelbeugre
Alongside what @Jessica Booker has highlighted, it is important to note that there are less spots for direct training contracts. Some firms only recruit 1 or 2 people from the direct training contract route, which makes the process very hard.

Moreover, some firms only recruit from the vacation scheme which means that you will not be able to apply to those firms.
 

axelbeugre

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Hi @axelbeugre this might be a stupid question but which practice helps the client to determine how an acquistion should be structured? would this just be corporate?
This is not a stupid question in the slightest so do not apologise!

I would say Corporate, M&A, Finance, Antitrust, Real Estate (in some instances). I think that these are some of the things I would consider.
 
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confusedlawstudent

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    Hi everyone, I have a bit of a problem it would be great to get some advice on! So I’ve been offered a Vacation Scheme in Leeds. When I applied I had the full intention of staying in Leeds for the foreseeable future, but now my circumstances have changed and I have moved to London. I know that regional firms don’t like it when you ask to transfer to London but I’m wondering is it worth asking? Of course if they say I can’t do the VS in London, I will still do it in Leeds. But if I even ask about transferring to London will that give me a bad reputation ? Do you think there is a possibility they could put me on the London VS instead or is this going to be an absolute no?
     
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    bella98

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    Is it appropriate to bring a general table or key considerations notes to a case study preparation, or does it give a bad impression? I've never used notes in an AC before, as I know that bringing notes about motivation or personal details might seem inauthentic. However, what about for the case study? I don't know the specifics of the upcoming case study, but I've prepared some general notes that were helpful during an online case study with Hogan Lovells, as I could refer to them to identify key issues. What about doing something similar in person? The notes are just one and a half pages, so it's not excessive. But I’m not too sure…


    @Jessica Booker I would also like to know your opinion about this, please!
     

    Arf1309

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    Dec 7, 2022
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    On the CMS website it says that the insight scheme may fast-track you to an AC for a training contract. I’ve been offered a place on the IS but am nervous that it’ll lead to no TC offer 😩 does anyone have any advice?
    Hey! I asked my interviewer about this and she advised that everyone gets fast-tracked to an AC for a training contract! It must just be an error on their website!
     
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