Hey there
@Zaraa.x ,
Yes absolutely! This is a very good question and one in which I frequently had whilst applying too.
First of all, it’s worth distinguishing the type of firm you’re applying to into
transactional or contentious-focused. The reason is because, from my experience, the transactional focused firms tend to centre their case studies towards corporate topics, whereas contentious firms may sway towards current affairs, or article-based discussions. Now, there are so many things that could make this not be the case, such as a firm swaying towards a different approach per cycle. However, more often times than not, this helped me narrow down which types of materials I needed to study for.
For corporate-based discussions, the typical issues will revolve around M&A case studies or PE. I have made a few practice case studies on these topics and I will link them, along with other sources from the team, to help. I also realised that I did not cover how to actually structure such case studies when presenting to an assessor. The same applies when you’re writing your responses too.
1. Salutations first, then summarise each point you’ll cover.
2. What the overarching case study idea is on. What parties? What deal and what does each party want to achieve? This should be a summary.
3. For M&A case studies, assess the risks and opportunities mentioned/ or which you could reasonably extract from the facts.
4. Ways to mitigate those risks. Due to time constraints, you may not be able to cover all points, so only focus on substantial areas.
5. If risks are really going to be an issue, should the deal even go ahead?
I remember once taking part in a case study. The party to be acquired hadn’t disclosed their full financial statements. This is a common question usually asked in corporate case studies and I’ve come across it multiple times. Firstly, more questions need to be asked to the target, prompting a release of these crucial documents. If refused, the deal certainly shouldn’t proceed.
Now, with article-based discussions, the same structural approach should apply. You may find that in the former, you will need to engage more with contemporary issues and how it relates to the subject matter or specifics of the article. That said, commercial awareness should flow well in any case study discussion.
Helpful links:
Hello everyone! I hope you’re all having a fantastic day. We’re entering the season of assessment centres (ACs) at law firms, and a hot topic for many of these ACs is Mergers & Acquisitions (M&A)! So, in this thread, I’ll be guiding you through a short fictitious M&A case study and highlighting...
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Hey TCLA Community! We’re back again with the mock case studies ;) This time around, I decided to take a different approach. I’ve included the case study below, and will leave the floor open for a couple of days so you can all provide your thoughts and ideas on the commercial and legal issues...
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Hi everyone! I hope you’re all having a wonderful Sunday. As we get closer to more interviews and assessment centres (AC’s) I thought it would be helpful to include a new fictitious Mergers & Acquisitions (M&A) case study analysis. Hope you enjoy the read, and feel free to pop any questions...
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Hi all, please see below the third of my Monday Article Series! This week is my definitive guide to case studies. It's a long one - you might want to go get a coffee and settle in! Introduction This week’s Monday Article will cover how to approach law firm case studies, one of the most...
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Hello TCLA family! I’ve listed below a non-exhaustive list of M&A terms/definitions that should help out with interviews. As this becomes a hotter topic for law firm case studies, we hope you find this useful. Merger: When two companies join to form a single new entity, usually to expand...
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