TCLA Vacation Scheme Applications Discussion Thread 2024-25

[legallycurly]

Spring

Sorry applied for summer! Haven't heard back about that though.

 

[M_m]

Hi did you find any resources apart from the practice test ? I am panicking a bit...
Also good luck for the virtual aC! What time are you doing it?

Assessment Day and Job Test Prep both have paid packages specifically for the SHL deductive reasoning tests (including the interactive version). Assessment Day is significantly cheaper and with more practice tests.

 

[Amma Usman]

WHAT IS LIQUIDITY?

Liquidity refers to the ease with which an asset can be converted into cash without significantly affecting its value. In financial markets, cash is considered the most liquid asset because it can be used immediately for transactions. Other assets, such as stocks and bonds, are also relatively liquid, as they can be sold quickly, though their value may fluctuate depending on market conditions.

On the other hand, assets like real estate or private equity investments tend to be less liquid because selling them can take time, and their value may be harder to determine at any given moment. Companies and investors pay close attention to liquidity because it impacts their ability to meet financial obligations, take advantage of new opportunities, and navigate economic downturns.

Having sufficient liquidity ensures that businesses and individuals can respond effectively to unexpected expenses or shifts in the market.

 

[BobThebIlly]

Freshfields rejection. Not sad though. Happy Monday guys

I am so sorry to hear this, truly. I wish you the best in your other applications!!! Hopefully good news comes your way soon

Without sounding insensitive lol I did want to ask if this was for the TC or the VS?

 

[elsx]

Assessment Day and Job Test Prep both have paid packages specifically for the SHL deductive reasoning tests (including the interactive version). Assessment Day is significantly cheaper and with more practice tests.

Thank you I will look at this !

 

[M_m]

Thank you I will look at this !

Best of luck for the AC!

 

[Andrei Radu]

I had a first-round interview with GDC back in December and sent a follow-up email shortly after. Since then, I’ve been ghosted by the firm, while others who interviewed after me have already received rejection emails. Does anyone know if GDC has a waitlist, or if sending another follow-up email would come across as inconsiderate?

If you have already sent a follow up I would advise you to just wait a bit longer. I had a friend in a similar situation who interviewed with White & Case in December. He sent a number of follow ups and did not receive any response so he assumed he had been rejected, but then he ended up getting the offer a few days ago. For one reason or another, firms sometimes have drawn out processes - and the general rule is that no news is good news. As such, I advise you to wait one or two more weeks before sending a new email.

 

[elena11]

Hey everyone I've been reading FT, economist and similar sources to improve my commercial awareness and I've found that it has helped keep me up to date with current trends in the market etc. What should I read to help me understand specific things such as the difference between debt financing and leverage buyout? Is there a resource for key terminology for corporate law that I can utilise? Thanks!

 

[Cool pigeon]

Does anyone know when Skadden will get back to us?

 

[elsx]

Reed Smith Reserve list for AC. This is the closest I have been to an AC so even if I don't get out of the list I am happy!

 

[Adithi]

Does anyone know when Skadden will get back to us?

Today is the last day of interviews so soon I hope, been stressing out lol

 

[congrades]

Morgan Lewis summer pfo

 

[Chris Brown]

Does anyone know when Skadden will get back to us?

I haven’t applied to Skadden but from what I have seen on the forum I believe their final AC slot was today so it could be in the next few days.

Best of luck for Skadden!

 

[Chris Brown]

Reed Smith Reserve list for AC. This is the closest I have been to an AC so even if I don't get out of the list I am happy!

Congrats 🥳

 

[elsx]

Congrats 🥳

Thank you!

 

[yellowponytwin]

if anyone has tips for CRS VI that’ll be greatly appreciated!

have you heard back from CRS then? I've heard nothing yet...what stage are you at?

 

[elsx]

Morgan Lewis PFO and Shoosmiths test for the placement (no idea of this automatic).
I received the emails in less than 5 minutes 😅
This is a busy day !

 

[Aspiringsolicitor01]

Shoosmiths test invite! Only need to smash it to get a VS. I wish more firms made it that simple…

 

[mulan0]

Is the strengths based test for shoosmiths automatic?

 

[jojo23]

Shoosmiths test invite✨️
I swear if the test is anything like the reed smith one I will scream