Hiya
@sc13
It's great that you're keeping up with commercial news stories and trends. That can definitely be helpful in thinking through the commercial group exercise. At the same time, I'd suggest that the group exercise isn’t so much about how much you know about current commercial events. It’s more about demonstrating that you can think commercially. Instead of focusing too much on keeping up with the FT or any particular publication, I’d recommend spending some time thinking about how you would approach typical commercial matters. If you've ever done a case study with TCLA or at a firm, think about the key issues that often arise in the context of business transactions/cases. I've listed a few key areas to consider below:
- Financial and legal factors: What are the main commercial risks and opportunities posed by the transaction/case? How might the deal/case be approached to minimise the benefits or maximise the benefits.
- Documents and evidence: What kind of information would you need to properly assess the situation? Would you look at financial statements, contracts, regulatory filings, or due diligence reports?
- Approvals and stakeholders: Are there regulatory bodies involved? Think, for instance, if there could there be competition and anti-trust concerns or whether shareholder approvals required?
- Strategic fit and rationale: If it's a deal, why does this deal make sense (or not) for the business? What challenges might arise?
- Market and industry context: How do external factors (e.g., economic conditions, supply chain issues, competitive landscape) impact the deal?
Ultimately, I think the exercise is about showing you can ask the right commercial and legal questions. If you focus on identifying key risks and opportunities, I think you'll be in a great position to contribute meaningfully to the group discussion.
worth emailing them to check tho just hoping they don't give the"extremely high volume of applications" bs. Thanks!
