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TCLA Vacation Scheme Applications Discussion Thread 2024-25
- Thread starter Jessica Booker
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- vacation scheme
- Sep 7, 2024
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WHAT IS LEVERAGED FINANCE?
Leveraged finance is when a company or investor borrows a lot of money to buy something big, like another company. They use that borrowed money to make the deal happen, but they promise to pay it back later using the money the new company will earn. The reason they borrow so much is because they believe the new company will do well enough to pay off the debt.
Now, to understand the other terms in this sphere:
1. High-yield bonds are a type of loan where the borrower has to pay a higher interest rate because they are a bit riskier. Think of it like lending your friend money, but since they don’t always pay you back on time, you charge them extra money as a "thank you" for lending.
2. Syndicated loans are loans where many banks or lenders join together to give a big loan to one company or person. It’s like a group of friends putting their money together to help one friend buy something expensive, and each friend shares a part of the risk and the reward.
In short, leveraged finance is borrowing a lot of money to buy something, and high-yield bonds and syndicated loans are ways people borrow that money, sometimes from a group of lenders and with a higher cost because the loan is riskier.
Leveraged finance is when a company or investor borrows a lot of money to buy something big, like another company. They use that borrowed money to make the deal happen, but they promise to pay it back later using the money the new company will earn. The reason they borrow so much is because they believe the new company will do well enough to pay off the debt.
Now, to understand the other terms in this sphere:
1. High-yield bonds are a type of loan where the borrower has to pay a higher interest rate because they are a bit riskier. Think of it like lending your friend money, but since they don’t always pay you back on time, you charge them extra money as a "thank you" for lending.
2. Syndicated loans are loans where many banks or lenders join together to give a big loan to one company or person. It’s like a group of friends putting their money together to help one friend buy something expensive, and each friend shares a part of the risk and the reward.
In short, leveraged finance is borrowing a lot of money to buy something, and high-yield bonds and syndicated loans are ways people borrow that money, sometimes from a group of lenders and with a higher cost because the loan is riskier.
hey anyone have tips for paul, weiss sjt? can give help for skadden (interview)/white & case (interview)/freshfields (ac)/jones day (ac)/slaughters (interview)/hogan lovells (ac) in return
Has anyone who applied to Paul, Weiss day of deadline received a test invite?
- Sep 7, 2024
- 827
- 987
Hi there! I do know that the firm recruits mainly from its vacation schemes. I also know of Paralegals who have done vacation schemes, at other firms, whilst still having a job to come back to, so I would personally not view it as you walking away from your responsibilities. Further, I presume you can just take days off from your annual leave to partake in a scheme. However, I am not entirely sure of this. In any doubt, feel free to contact grad rec and your paralegal firm for more information.
I have also tagged @Jessica Booker here, as I know she will have more views on how to approach this.
No one has taken the test. No one can give insight. I assume it is like any other SJT out there, I wouldn’t stress it.
yea applied 2 min before deadline & got the invite at 4pm today
I didn’t apply to PW but great to see good news on the forum today. Good luck everyone!
When did you get your VI invite for AG? Submitted my app on December 23rd and haven't heard back yet!
does anyone know if the Paul weiss test is sent to everyone who passed the spell check or is it those who had a good app? Cos its non-rolling and the deadline was only a week and a half ago so surely theyve not had time to read every single one?
The spell check. It was made very clear at the open day
Do you know if after the SJT it’s straight to the AC? and if so, is that based purely on your SJT performance or also a proper read of your application?
Paul, Weiss was non-rolling so I don’t think the date of the application would matter too much.
Best of luck for Paul, Weiss!! 🙂🙂
was so happy to hear my gmail notif aaannnndd it's teamsnapchat. seriously guys i think this is it for me.
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