I think the firm wishes to follow in Latham's footsteps. Others may be those who are very strong in cap markets space in London and also energy/ projects.
TCLA Vacation Scheme Applications Discussion Thread 2023-24
- Thread starter Jessica Booker
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Thank you very much and I hope your interview went well
taylor wessing VS offer
okay? That doesn't mean that W&C's competitors are only law firms with a full-service practice in London. Law firms are constantly competing with each other all the time for deals, clients, talent etc.
The fact that W&C is full-service in London is a way for W&C to DIFFERENTIATE itself from their competitors. Its a way for W&C to innovate and set itself apart from other law firms. It does not mean that W&C will only now face competition from other full-service London firms.
But of course this is just my view, by all means, I'm welcome to any thoughts and further comments
Not all US firms will be competitors just because W&C is a US firm. Its London office equally competes with the Magic Circle for work as it does with the US firms because of its size and areas of expertise.
I had this same conversation with the managing partner of the W&C London office.
Why is there always this one person that acts cheeky with forum members 😭 At this point, I'm convinced it's the same people just with different accounts.
My friend had Simmons allocated to them by 10K last year - and got back in March.
Anyone worried that grades will hinder their future success - the two high-flying partners at Skadden right now (including the managing partner) graduated with 2:2s with one doing his training contract at a high street firm in Hull.
Keep plugging away!
Keep plugging away!
Thank you for that. Honestly you are truly a positive light in this forum and I just wanted to let you know that your kindness and supportive comments every now and then really don't go unappreciated!
Not all US law firms will be a competitor of W&C- a US law firm?
Please tell me one US commercial law firm which somehow is not competing with W&C.
Law firms are businesses. And businesses which produce the similar goods or services within the same industry are, by definition, competitors.
That said, I welcome any counter-example you may be able to provide me with.
Yes, all US law firms provide legal services but not all US law firms target the same practice areas, sectors and clients. For example, on the whole Goodwin (VC, life sciences, tech etc.) is marketing its legal services to a very different section of the market than White & Case (broad client base but includes clients that would never instruct Goodwin e.g. oil companies)
When a Partner at an interview asks you what their competitors are. They’re speaking of direct competitors. If you want to be literal, then yes, by definition most US firms would be competitors of White & Case by virtue of merely being an international law firm.
But that’s not what they’re looking for. A firm that has a Band 2 ranking in M&A deals with a specialist focus on energy is not a competitor of a firm that has a Band 1 ranking in M&A deals with a specialist focus on TMT. They’re both of different calibres. In order to deduce a competitor, you have to identify the rankings, specialisms, type of clients and deals. Not every US firm will be a direct competitor of each other, regardless of “full-service offering”.
By your advice, if X candidate went into an interview and said that one of White & Case’s competitors is Milbank for example who specialises in high-yield bonds and is tier 2 in projects work compared to White & Case with a tier 1 practice. You would technically be wrong based on a direct competitor.
But by this logic every firm is competing with every other firm. Of course there is some truth to that because law firms are a business with similar services but if Samsung launches a mid range phone they aren’t trying to compete with the flagship offering of Apple. Each firm has their own USP that makes them competent in certain specific sectors. Therefore when asked what competitors a firm has it’s a more rudimentary answer to say every other US law firm, but shows nuance if you can draw on specific practice areas that W&C specialise in and in turn, other firms also excel at.
Ok but once again, I think you are getting confused between HOW businesses compete and WHO the competitors actually are. Those are just ways that law firms compete against each other and try to stand out.
Let’s look at the example of the car industry for instance: Tesla and Ferrari are both car manufactures. Now just because Tesla produces electric cars and Ferrari produces high performance petrol cars doesn’t mean that they are not competitors. Just because they try to target different audiences, brand themselves differently, price their cars differently etc. does not take away from the fundamental aspect that they are both car manufacturers in the same industry.
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