For this Goodwin question....
Discuss a commercial issue that has particularly interested you. Why did it capture your attention, and what impact could it have on the legal sector?
Are they looking for a general issue (i.e. interest rate rises, i probably wont use that...) Or are they looking for a particular story (like a recent merger for example).
@Jessica Booker @Andrei Radu @Amma Usman @Ram Sabaratnam (sorry for the tags lol) Thank you!
Hi
@NJS ,
Very good question. In my opinion, you can go with either one - general topics and more specific stories. The ability to come out with a good answer largely depends on the manner in which you go into the crux of each topic,
as well as whether you actually answer the question.
It’s important to note that the Goodwin question has two parts - why the story interested you and its resultant impacts on the legal sector. If I was to answer this, I would purposely choose a story that influences as a result of its outcome a core practice area of the firm
or is about the practice area itself. Now, this isn‘t a mandatory requirement, but would enable me to expand in a sentence or two its impacts on not just the legal sector more generally, but also the work of Goodwin. Furthermore, as the question leaves the option to talk about the legal sector more broadly, you could touch on about two key practices in your discussion. I’d also note that the impacts on the legal sector do not have to be solely practice-related, and could be more operational too. For example, inflation leads to higher prices which means it’s more expensive for companies to expand - thus, the PE and M&A practices of law firms may see fewer deals coming in. This is a practice-related impact on the legal sector. Similarly, inflation would mean that law firms may find it more difficult to borrow to fund innovation through investing in the latest AI technology, for example. This is an operational consequence of the topic. Thus, consider the broad scope of what one issue could potentially lead to.
Also, never apologise for the tags haha - we love to engage in all these insightful discussions!
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