Hi
@Andrei Radu @Ram Sabaratnam @Amma Usman!
I was hoping to understand what might be the most optimal discussion point for why you choose this firm's levfin practice area. This is for the
Latham app, which I am unsure of what I should talk about.
Trawling through the forums, I know to talk about (a) client focus, (b) industry focus, or (c) market focus, but
Latham's levfin team is quite similar to other firms in all three of these markets. For example, they are similar to K&E, P,W, and Weil for their large-cap deals, but similar to DLA, HL, Macs for their mid-market work as well. They are similar in their market focus to Weil and CC as they target IBs, private credit, and PE sponsors, so that also makes them similar, and finally, all of these firms' London office works on multi-jurisdictional deals specifically in the EMEA region.
So it seems to be difficult to answer "why train at
Latham over its competitors?" if the firm is similar to others. I understand it is asking specifically why I would train at the firm, but it seems very difficult to clearly explain why
Latham does different work to its competitors when the levfin market seems to be highly commoditised.
Appreciate the help!
Hey
@svb risk management intern . Honestly, I can’t emphasise how useful this question is to the whole community.
Indeed, you are right in that all these firms share similarities in one way or another - deal scope, client base, market position, and so on. The truth is, this will always be the case. Firms will always work on similar deals and have similar standings in the legal market. Thus, the common question of why X firm, becomes increasingly more difficult when the part ’over its competitors’, is included. However, here is where the interesting part comes in - thorough research and the way in which you tailor your interests to whatever practice area you choose to talk about. This two-tier approach will enable you to find a niche that
Latham operates in, perhaps more than its competitors, and tailor your application to that successful/upcoming niche
within the wider practice.
As I had already explained, firms will always have niches they specialise in. The ability to tailor your long-term growth aspirations to that area is what will help you bring out that demonstrated interest that is needed for the process.
Let me give you an example with one of Latham’s practices that I’ve once spoken about on the forum within the scope of a similar question to yours…
“
Latham, White & Case, and HSF are among a class of firms with a strong presence in emerging markets, particularly within Africa and the energy/project development sector. Now, it’s funny because many firms have energy and project development practices. However, these firms have a strong presence in emerging markets in Africa - this is their
niche. If you have an example of how this resonates with you as a candidate, you’ve not only showed demonstrated interest - you’ve showed
specific interest. This is what’ll make your application stand out. Adopt a similar approach to your research on Kennedys, finding a niche in their practices which appeal to you and I’m sure you’ll nail this question. “
This is another example of a post I had made where I tailored such a question given the competitor-focused approach:
“
Ex. 1: ABC Law working on the acquisition of GHY by YUP really appealed to me. This represents the high calibre of deals I would love to get involved in whilst training. This again, is solidified by the firm‘s Band 1 Chambers ranking in Corporate M&A and Private Equity.
Ex. 2: ABC Law working on the energy transition in Africa really appealed to me. Particularly, the firm‘s work on the development of the central power frames in the Somalian region stood out, having been named the largest project financing deal in Africa then. As a Somalian, where inconsistent power supply was one of the bane‘s to my existence growing up, I am keen to support Africa’s energy development as a UK-qualified lawyer.
As you can see, the second example is backed up by specific interest. “
Now lastly, it is important to also ensure that you hit the nail on its exact competitors in that market. The examples you have provided are accurate, but if you seek any more information on this, I have made a guide to identifying a firm‘s competitors and linked it below;
In this guide, I’ll be talking about how to identify a law firm’s competitors. This is a skill that’s not only useful for applications but also helps you get a much better understanding of the legal industry as a whole. Honestly, this was something I initially struggled with. I found it hard to...
www.thecorporatelawacademy.com