My post was not too offend - but to emphasise my opinion in a tongue in cheek manner regarding the pointless nature of them having a WG, if their ’pass rate’ is gonna be so low.
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TCLA Vacation Scheme Applications Discussion Thread 2024-25
- Thread starter Jessica Booker
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Just curious, does anyone know what the typical percentile for passing the WG is? does it vary by each firm? I scored in the 60s for CC this year and still passed the benchmark, I'm curious if it varies significantly across firms
It varies massively across firms — some firms look at percentages and some at percentiles, and most refuse to disclose what their benchmark is
- Sep 9, 2024
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You definitely can, especially if the overall size of the team is quite small and therefore it would have not been expected for them to achieve a department ranking. To make your reasoning more convincing, if you mention the ranked partners, I would phrase your motivation as a desire to work with and learn from the best practitioners in that field. Ideally, you could also explain how working in a smaller team with more exposure to seniors would suit you, to explain why you are not preferring firms with bigger teams in that area.
Thats quite annoying, I wish firms would be more transparent about WG percentiles bc its not like its hurting them to do so anyways
Has anyone hear back from PMC for the summer vacation scheme?
A monkey would know the difference between % and percentile. 😂
There is no need to undermine the difficulty people face in doing the WGT. 🥲
My advice would depend on how you made contact. I was privileged enough to be introduced to a partner too and I remain in touch via WhatsApp. I think this is a pretty good medium but I would also say LinkedIn is a pretty good method too. Both are useful services you can message on and aren’t too informal yet avoid the hassle of maintaining a connection over email! Hope this helps!
Not to offend, but you then proceed to react with a laughing face to the OP, who has said they struggle with the WG. What a conceited and arrogant display.
I dont think you guys will hear back until the second batch of AC's are completed after 6th of February at the very least!
Hi, has anyone heard back from Mishcon and Forsters post VI?
- Sep 7, 2024
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Hiya @legal18
I think @Amma Usman and @Andrei Radu would have much more to say, but I wanted to set out some initial thoughts below. If the written exercise requires comparing two business options (e.g. an investment, acquisition, or merger) you should structure your response clearly to ensure that your reasoning is easy to follow. Generally, I take the following approach.
First, I normally start with an executive summary. This section allows me to concisely state my recommendations up front and allows the reader to immediately understand my position. This section should be brief and concise, consisting only of 2-3 points to signpost your reader. You can just use bullet points and say something to the effect of:
1. Executive Summary
- Based on several legal and commercial considerations discussed below, I/we would recommend proceeding with Option A.
- Option A presents fewer regulatory risks an offers stronger long-term growth potential, outweighing its higher initial cost
After the executive summary, you should then compare the two options in a structured manner. You can do this by looking at one set of factors at a time and analysing how both options measure up, which is often clearer than discussing the options separately. How much detail or sub-headings you potentially use will depend on the word count and other factors. But generally I think it's possible to simply use "commercial considerations" as one sub-heading/section, and then "legal considerations" as another sub-heading/section.
2. Commercial Considerations
In this section, you can set out some of the commercial considerations that I mentioned in my previous post. So, again, for illustration, you can set out sub-points under this section in the following way:
- Financial Viability: Why is your option more financially viable? Is it more cost-effective than the other option B? Are the revenue streams relatively stable for your recommended option? Are the projected returns of option A more favourable than option B?
- Market Position/Synergies: Will the acquisition/investment of Option A strengthen the company’s competitive advantage relatively to option B, and if so why? Does Option A better align with the investor/company's strategic goals compared to B?
- Operational Risks or Integration Challenges: Will one option require costly restructuring or create supply chain issues?
As with section 2, you can briefly state what considerations you're discussing and then jump into breaking those points down more fully in this section. Some points you might want to
- Regulatory Risks: Does one option require approval from multiple regulatory bodies? For instance, are there potential antitrust concerns or foreign direct investment concerns?
- Contractual or Liability Risks: Does due diligence reveal significant legal risks, such as unresolved litigation, debt obligations, or hidden liabilities for one option over another?
- Employment or Governance Issues: Are there any risks related to workforce integration, leadership transitions, or shareholder approvals?
"In terms of regulatory risk, Option A requires approval from multiple EU regulators, potentially delaying the transaction or leading to a longer time horizon. Option B, however, faces fewer hurdles due to its smaller market footprint, making it more attractive from a regulatory risk perspective."
4. Conclusion and Next Steps
After comparing the legal and commercial risks, costs, and benefits of the options you're given, I'd recommend briefly outlining some of the steps you think are worth taking in relation to your recommended choice. This is important since no option is risk-free, including your preferred option. In this section you could mention the following types of points:
- Further due diligence (e.g., “Before going further with Option A, it would be prudent to conduct additional financial audits.”)
- Regulatory engagement (e.g., “Engaging with competition or financial authorities early could help address concerns about X or Y proactively or assist with pre-completion approvals.”)
- Contractual protections (e.g., “Including indemnities and warranties in the purchase agreement can limit exposure to hidden liabilities, including X and Y.”)
Hope this offers some help as to how you can go about structuring your written exercise. A lot will depend on the type of written exercise you're given, but this should give you a sense of how to differentiate the commercial and the legal considerations in a way that's clear for the reader.
Good luck with your future written exercises!
Is it just me, or does this cycle feel particularly intense
Hiya! I just wanted to pop in and ask whether anyone has any insight into the 1st stage interview with Gibson Dunn! Happy to share insights about W&C AC in return!
Hey, I heard back from Milbank this afternoon post-AC
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