TCLA Vacation Scheme Applications Discussion Thread 2024-25

Jessica Booker

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Graduate Recruitment
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Aug 1, 2019
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@Jessica Booker I’m starting a second part time job in retail next week (for financial reasons). For firms where my application is pending, would it be worth emailing grad rec to update them?
No - I don’t think you need to update firms about this. Many candidates will have updates to their application, especially if the recruitment process takes a few months, and it would be very difficult to manage constant updating applications.

I only recommend major updates such as end of year academic results or passing the SQE, or if you have received a TC/VS offer elsewhere and need them to decide on your application. I would only update on jobs if the role is directly relevant to a legal career and also I would recommend waiting until you are in that role for a while before updating them.
 
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gazdgazd11

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Feb 27, 2024
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Hi @gazdgazd11 just to add to the excellent points made by @Ram Sabaratnam I would also consider the following three factors:
  1. Current client demand: for many firms who consider expanding a crucial point is whether current clients have any operations or need for legal services in that foreign jurisdiction. If you already have an established relationship in London or the US, it is a lot easier to win mandates from a given client in the new jurisdiction rather than winning mandates from new clients (where the firm would have to impress in a pitch to convince them to leave the firm they were previously working with). Furthermore, expanding in the main jurisdictions where your current clients need advice is a way of reducing the risk of them being won over by other firms (as a firm who advises a firm for a mandate in, say, Spain, might as well impress them and then persuade them to give them UK mandates as well). These two factors were central in Brad Karp's decision to invest as much as he did in Paul, Weiss' unprecedented expansion in the City- the firm was reportedly facing increasing demands to have a top London practice form Apollo, one of its most important PE clients.
  2. Cost of setting up shop: depending on the state of the legal market in the jurisdiction and the method of expansion chosen (acquisition/merger of a local firm, lateral hiring, organic growth or a combination of the three), the costs of investing in a new office can differ immensely. Establishing a top office in New York for instance is a herculean task, as the combination of sky-high associate and partner salaries and the size of competitors requires a huge amount of invested capital (which, among other things, explains why the Magic Circle firms have found it so difficult to compete with the US firms on their home turf).
  3. Legal fees: another crucial consideration is the range of billing rates clients in that jurisdiction are willing to accept. In developing countries companies expect to pay significantly lower fees than in the US and Western Europe. Thus, setting up shop there can result in a dilutive effect on profit pools.
Thank you so much! Appreciate it!
 
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Maddy

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Apr 8, 2024
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Someone who had their interview recently told me that Paul, Weiss’ interviews are running till next Friday (based on what HR told them). I’m not sure whether Paul, Weiss are doing interviews for both Spring VS and Summer VS at the same time or separately. I was told by this person that it’s the final stage before VS offers are made. I had applied for both VS options. I think they might be doing Spring VS interviews first and then Summer VS ones after, but idk for sure. 🤷🏾‍♂️​
Guess it's a pfo for me then cause I only selected Spring.
 
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AS24

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Apr 16, 2024
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Hiya @AS24


When tackling this, I’d focus on showing a clear understanding of Stephenson Harwood’s (SH) strategic positioning, sector strengths, and I think quite unique approach to professional development. I think a strong response will not only highlight what makes the firm unique from competitors but also explain why you think these differences matter, e.g. for clients or for your own development as a trainee.

1. Balanced Practice Areas and Market Positioning
Given the firm's expertise in shipping and litigation, SH is usually compared to firms such as HFW and WFW. It might be worth thinking about how SH really stands apart from such competitors, especially in light of how much more well-developed SH's corporate and finance practices are in London, particularly in the lower mid-market (£10m-£100m transactions) compared to HFW. You could also mention the unique combination of contentious and transactional work, particularly in sector specialist areas, coupled with strong individual representation in areas like fraud litigation and personal insolvencies. This is also one reason why the firm seems to have done impressively well from a revenue standpoint in the last few years (this article from The Lawyer explicitly draws this connection in relation to the firm's revenue and balanced practice areas).

2. Strategic Growth and International Expansion
As you mentioned, you can also discuss their targeted approach to growth and expansion. They've generally appeared to avoid growing by way of mergers. While it has a strong presence in APAC, the Middle East, and key shipping hubs like Piraeus, it has also been doubling down on its Dubai office in response to increasing Gulf investment. Another way the firm has committed to growing is through expanding its sectoral expertise. The firm’s recently announced five-year strategy is another major differentiator, focusing on decarbonisation, life sciences, private capital & funds, technology, and transportation & trade. This sector-focused approach ensures the firm stays ahead of market trends while maintaining its core strengths when compared again to firms such as HFW and WFW.

3. Innovative approach to talent and professional development
For trainees and junior lawyers, I think one of the things that I've found most compelling about SH is their quite unique approach to professional development. In 2022, they launched their ‘fast track to equity’ programme, which accelerates junior partners into equity positions by developing their management and business development skills. This article from The Lawyer also highlights quite bold steps they've taken in relation to the place of associates at the firm. It mentions that SH has announced plans to get ride of the role of ‘senior associate’ in favour of new ‘managing associate’ title. The managing associate role will be aimed at individuals who have partnership potential and aims to develop the skills they will need at that level. Again, all of this is quite unusual/innovative and demonstrates real investment in talent that goes beyond what is traditionally found at most firms, including its competitors.

These are all just some prompts to get you started on drafting an answer. You definitely don't need to use any of these. Overall, though, I think by structuring your answer around discrete issues, you’ll demonstrate that you understand the firm's positioning from several different angles. Hope that helps. Good luck with your application!
Thank you @Ram Sabaratnam
 

EA95

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Dec 10, 2024
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Anymore news from Paul, Weiss, seems strange to PFO a few and give interviews but not get back to others?
Only reason I can think of is that PW are trying to finalise their spring scheme before addressing the summer applicants (unless of course you applied for the spring scheme, which in that case ignore my point haha).
 

Legallylaw

Standard Member
Feb 17, 2025
8
5
I normally integrate this to why this firm:

1. Business strategy - internationally and locally (focusing on practice areas is not the best since a lot of competitors are neck and neck).

What I mean is do they open their own office or do they collaborate with local firms? Why? How does that affect their presence in the region?

Where are they opening the offices? Why? What business opportunities are there in those locations? Does it show the firm as ‘forward thinking’ - link back to their values


2. Client retention- do they work with the same clients often (I.e. links is known for their biggest clients being repeat clients and they liked when I mentioned it in the AC)

3. Here talk about practice areas and the links to one another (but the niche ones): i.e. strong banking and finance department but also band 1 shariah = more Middle Eastern clients/ presence (working with the market trends/ opportunities).


For skills:

Honestly, here you can pick any skill but the key thing is to:

1. Identify the skill

2. Link it back to how and why a trainee/ solicitor might use it.

3. Then link it back to something you’ve done and how it showed you the importance of it in practice.
With the skills question, in the intro- do you think it's better to outline the skills you posses and how the firm uses?
 


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