- Sep 7, 2024
- 605
- 532
@Amma Usman @Andrei Radu @Ram Sabaratnam Hi! This is one of the application questions from the Weil VS Application. Just wanted to know how would you recommend structuring this answer and also researching about their clients? Thank you so much!
Think of a current commercial issue that has recently attracted your attention. Why does it interest you, why do you consider it to be significant and how do you think this will impact Weil's clients? (200)
Hi there @a1024 ,
If I was to answer this question, I would take the following approach:
1. Short introductory paragraph stating what the topic is. Could literally be a sentence. You don’t need to repeat the rest of the elements that you’ll cover as they are already in the question. Further, you can simply signpost your reader by including each key element in its own paragraph.
2. A paragraph on why it interests you. Now, it’s not enough to use generic reasons because you have to be specific on your past experiences or any life encounters which are so substantial enough to demonstrate why that specifically interests. For example, if you mention a topic relating to private equity - why does that industry appeal? Any courses you’ve done? Any open days you’ve attended where this was highlighted… this could be anything that shows your journey and adequately communicates that genuine passion. Recruiters would be able to catch out a lack of interest - so take your time with this.
3. A paragraph stating why it’s signifiant and the impacts on Weil’s clients. This will mean that you can’t choose just any topic - it has to be one which is big enough to cause substantial ripple positive/negative effects in the industry. This could be immediate or down the line. Significance should also be looked at from a microeconomic and macroeconomic standpoint. It should be looked at from the perspective of all the economic agents.
Let‘s look at it this way…
Inflation is a basic example I will use.
For individuals, higher prices will mean that they are encouraged to spend less.
For businesses, and because individuals are spending less, they will face lower cash flows. This is because they will see less sales and may need to lower prices to stay afloat.
For law firms which serve these businesses, two things may happen;
1. The scope of advisory changes. For example, tax departments may be involved more to help these businesses restructure their assets and spending to maximise waste.
2. As businesses are even struggling to convert their assets into cash, they will be less eager to expand - this influences the corporate practices of law firms that deal with such matters.
So you see show I have considered the impacts of a law firm’s clients from connecting impacts from the ground up - consumers like you and I being the first arm affected.
Lastly, there is no need for a conclusion due to the word count. You should also choose a topic which influences clients the firm is well-versed at advising in - PE funds, for example.
Last edited: