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TCLA Vacation Scheme Applications Discussion Thread 2024-25
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<blockquote data-quote="Amma Usman" data-source="post: 193321" data-attributes="member: 36740"><p>Hey there [USER=37709]@Zaraa.x[/USER] ,</p><p></p><p>Yes absolutely! This is a very good question and one in which I frequently had whilst applying too. </p><p></p><p>First of all, it’s worth distinguishing the type of firm you’re applying to into <strong>transactional or contentious-focused. </strong>The reason is because, from my experience, the transactional focused firms tend to centre their case studies towards corporate topics, whereas contentious firms may sway towards current affairs, or article-based discussions. Now, there are so many things that could make this not be the case, such as a firm swaying towards a different approach per cycle. However, more often times than not, this helped me narrow down which types of materials I needed to study for. </p><p></p><p>For corporate-based discussions, the typical issues will revolve around M&A case studies or PE. I have made a few practice case studies on these topics and I will link them, along with other sources from the team, to help. I also realised that I did not cover how to actually structure such case studies when presenting to an assessor. The same applies when you’re writing your responses too. </p><p></p><p><strong>1. Salutations first, then summarise each point you’ll cover. </strong></p><p><strong></strong></p><p><strong>2. What the overarching case study idea is on. What parties? What deal and what does each party want to achieve? This should be a summary. </strong></p><p><strong></strong></p><p><strong>3. For M&A case studies, assess the risks and opportunities mentioned/ or which you could reasonably extract from the facts. </strong></p><p><strong></strong></p><p><strong>4. Ways to mitigate those risks. Due to time constraints, you may not be able to cover all points, so only focus on substantial areas. </strong></p><p><strong></strong></p><p><strong>5. If risks are really going to be an issue, should the deal even go ahead? </strong></p><p></p><p>I remember once taking part in a case study. The party to be acquired hadn’t disclosed their full financial statements. This is a common question usually asked in corporate case studies and I’ve come across it multiple times. Firstly, more questions need to be asked to the target, prompting a release of these crucial documents. If refused, the deal certainly shouldn’t proceed.</p><p></p><p>Now, with article-based discussions, the same structural approach should apply. You may find that in the former, you will need to engage more with contemporary issues and how it relates to the subject matter or specifics of the article. That said, commercial awareness should flow well in any case study discussion. </p><p></p><p>Helpful links:</p><p></p><p>[URL unfurl="true"]https://www.thecorporatelawacademy.com/forum/threads/mock-m-a-case-study-analysis.9136/[/URL]</p><p></p><p>[URL unfurl="true"]https://www.thecorporatelawacademy.com/forum/threads/private-equity-case-study-open-engagement-encouraged.9423/[/URL]</p><p></p><p>[URL unfurl="true"]https://www.thecorporatelawacademy.com/forum/threads/new-corporate-case-study-analysis.9391/[/URL]</p><p></p><p>[URL unfurl="true"]https://www.thecorporatelawacademy.com/forum/threads/definitive-guide-to-law-firm-case-studies-monday-article-series.3232/[/URL]</p><p></p><p>[URL unfurl="true"]https://www.thecorporatelawacademy.com/forum/threads/essential-terms-for-an-m-a-interview.9110/[/URL]</p></blockquote><p></p>
[QUOTE="Amma Usman, post: 193321, member: 36740"] Hey there [USER=37709]@Zaraa.x[/USER] , Yes absolutely! This is a very good question and one in which I frequently had whilst applying too. First of all, it’s worth distinguishing the type of firm you’re applying to into [B]transactional or contentious-focused. [/B]The reason is because, from my experience, the transactional focused firms tend to centre their case studies towards corporate topics, whereas contentious firms may sway towards current affairs, or article-based discussions. Now, there are so many things that could make this not be the case, such as a firm swaying towards a different approach per cycle. However, more often times than not, this helped me narrow down which types of materials I needed to study for. For corporate-based discussions, the typical issues will revolve around M&A case studies or PE. I have made a few practice case studies on these topics and I will link them, along with other sources from the team, to help. I also realised that I did not cover how to actually structure such case studies when presenting to an assessor. The same applies when you’re writing your responses too. [B]1. Salutations first, then summarise each point you’ll cover. 2. What the overarching case study idea is on. What parties? What deal and what does each party want to achieve? This should be a summary. 3. For M&A case studies, assess the risks and opportunities mentioned/ or which you could reasonably extract from the facts. 4. Ways to mitigate those risks. Due to time constraints, you may not be able to cover all points, so only focus on substantial areas. 5. If risks are really going to be an issue, should the deal even go ahead? [/B] I remember once taking part in a case study. The party to be acquired hadn’t disclosed their full financial statements. This is a common question usually asked in corporate case studies and I’ve come across it multiple times. Firstly, more questions need to be asked to the target, prompting a release of these crucial documents. If refused, the deal certainly shouldn’t proceed. Now, with article-based discussions, the same structural approach should apply. You may find that in the former, you will need to engage more with contemporary issues and how it relates to the subject matter or specifics of the article. That said, commercial awareness should flow well in any case study discussion. Helpful links: [URL unfurl="true"]https://www.thecorporatelawacademy.com/forum/threads/mock-m-a-case-study-analysis.9136/[/URL] [URL unfurl="true"]https://www.thecorporatelawacademy.com/forum/threads/private-equity-case-study-open-engagement-encouraged.9423/[/URL] [URL unfurl="true"]https://www.thecorporatelawacademy.com/forum/threads/new-corporate-case-study-analysis.9391/[/URL] [URL unfurl="true"]https://www.thecorporatelawacademy.com/forum/threads/definitive-guide-to-law-firm-case-studies-monday-article-series.3232/[/URL] [URL unfurl="true"]https://www.thecorporatelawacademy.com/forum/threads/essential-terms-for-an-m-a-interview.9110/[/URL] [/QUOTE]
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