TCLA Vacation Scheme Applications Discussion Thread 2024-25

sc13

Standard Member
Gold Member
Premium Member
Feb 25, 2023
8
2
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.
That makes sense thank you!
 

jacksollaf

Legendary Member
Dec 17, 2024
272
541
Is this why they asked on their application form for one of their 500 word questions “how do business generate and maintain a profit.” These guys were trying to get some ideas from us lmao. Icl it’s clever on their part. I hope they took some detailed notes. 😂​
that's what I was thinking when I was preparing my VI 😂😂😂😂😂
 
  • Haha
Reactions: Chris Brown

ashwright

Legendary Member
Gold Member
Premium Member
  • Jul 10, 2023
    188
    407
    I think im going to read a poem called 'The God Abandons Antony' and call it a day.
    After my HL rejection today, I definitely feel a lot like I'm Antony 🤣
    Oh No Wow GIF by Manchester United
     

    lawstudent2

    Distinguished Member
    Dec 9, 2024
    67
    70
    I’ve probably asked this question at least 10x by now but has anyone heard from Travers Smith or Ropes & Gray at all? Low-key starting to crash out from waiting this long lmao. 😂🥲​
    I've not heard back from TS, is driving me slightly mad at this point as I'm only waiting for responses from them and HL and both are taking agesss
     
    • 🤝
    Reactions: Chris Brown

    simplyfaith

    Distinguished Member
    Feb 13, 2022
    60
    436
    I was musing on this last night. I was watching a youtube streamer, who has about 1500 videos each about 30-120 minutes, and in his more recent videos (compared to the earliest) he has a nice desk microphone, a better camera, and his introduction style sounds more fluent and confident.

    I accidentally clicked on an older video, and while the main stream (the game being streamed) is identical in quality, the difference in video and sound quality of his voice/inlaid video of himself is very noticeable, and makes a big difference to the overall quality of the stream.

    I was thinking therefore that it's likely that if you have a nice camera and microphone, then it's going to create an immediate better impression than if you are using just whatever your laptop comes with.

    Funny you mention that, actually. I used to stream on Twitch, so I have the whole setup and am comfortable recording myself! Whenever I attend online firm events, I always look and sound better than their representatives 🤣 I never understood why they don't have better equipment. Or lecturers, for that matter (shout out covid university). The only issue is that your quality will be reduced depending on what video interview system you have to go through, so it might not end up as nice as you'd have hoped. It should still be noticeably better, though!
     

    trainee4u

    Legendary Member
    Sep 7, 2023
    268
    596
    Funny you mention that, actually. I used to stream on Twitch, so I have the whole setup and am comfortable recording myself! Whenever I attend online firm events, I always look and sound better than their representatives 🤣 I never understood why they don't have better equipment. Or lecturers, for that matter (shout out covid university). The only issue is that your quality will be reduced depending on what video interview system you have to go through, so it might not end up as nice as you'd have hoped. It should still be noticeably better, though!
    What's your setup, in equipment terms?
     

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