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TCLA Vacation Scheme Applications Discussion Thread 2024-25
- Thread starter Jessica Booker
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- vacation scheme
At the end of my partner interview I was told that they'd have a meeting to discuss applicants on the 28th so I shouldn't expect to hear anything until early March
shoosmiths gave out offers??? Rue when was this???
- Sep 7, 2024
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Hey! This is a really good question in my opinion, and I think Saudi is a great option to consider in your answers. I remember talking about the expansion in the region during some questions that popped up in my cycle too.
The country is undergoing some major changes to grow its economy and reduce reliance on oil. This is part of Vision 2030, which is basically Saudi Arabia’s plan to bring in more foreign investment, create new industries (beyond oil), and make the country a more business-friendly place. A big part of this vision is attracting top law firms to set up shop in Saudi Arabia.
In 2023, Saudi Arabia made changes to its laws to make it easier for foreign law firms to operate there. For example, they reformed their Code of Law Practice to make things smoother for firms to get a license. But, there are still some conditions to follow, like having two partners based in Saudi Arabia for at least 180 days a year and ensuring that at least 70% of the lawyers in the office are Saudi nationals.
I believe the country is an attraction to law firms as it’s investing trillions into its economy, with $3 trillion in sovereign wealth funds. These funds need legal advice for big international deals. Plus, with the new Investment Law, foreign companies have more incentives to set up in Saudi Arabia, which means more business for law firms. The government is also offering benefits like tax exemptions and special permissions for firms that set up a Regional Headquarter (RHQ) in the country. An RHQ serves as the main hub for the entire Middle East and North Africa region, not just a local office.
And the deal flow is booming! Just look at Saudi Aramco’s IPO in 2019 which I think raised over $25 billion. There are more IPOs and high-value deals happening, which is creating lots of work for corporate lawyers.
- Sep 7, 2024
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I am freaking out and just refreshing my emails😭
Congratulations on getting an offer! Just wanted to ask did people really get offers from shoosmiths? I thought they’ll get back to us tomorrow or today as I haven’t even heard back post assessment for the discover spring vac scheme! I am just so scared atp😭
They’ll probably get back to all you guys bang on 17:59 tomorrow night. They defo meant it to be taken literally lmao. 😂
Best of luck to everyone who has applied to Shoosmiths. 🙂
Best of luck to everyone who has applied to Shoosmiths. 🙂
I mean I’ve just done a linkedin deep dive, haven’t seen any offers really and no one on here said anything so don’t be disheartened just yet!!!!! Maybe we’ll have some good news tomorrow 💪🏼💪🏼
Not all of us reading the ‘shoosmiths gave out offers’ and freaking out 🤣😭
I remember seeing somewhere that it does not, but it wasn't on a PH website or anything, it was on some sort of forum so take with a pinch of salt
Thank you! Best of luck to you and hope it’s amazing news for us tomorrow❤️
Same here please message me re CRS VI, I can share my successful apps and share VI and AC insights (just tell me which firm you want it for)
(This is for Direct TC so we're not competing if you've applied for the VS)
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