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Aspiring Lawyers - Applications & General Advice
Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2024-25
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<blockquote data-quote="Amma Usman" data-source="post: 196818" data-attributes="member: 36740"><p>Hey [USER=32080]@murm[/USER] ,</p><p></p><p>I see this as a very useful question to be honest, not just for those applying to PW, but also the full spectrum of law firms. </p><p></p><p>My research strategy was as follows;</p><p></p><p>1. What does the firm pride itself on? Now I appreciate this may sound generic at first. In thinking of the answer to this within oneself, you should not focus on things such as secondment opportunities or international clientele and the likes - many firms will offer this and pride themselves on the international nature of their work. Ask yourself… what are its core practice offerings? This will kick of your research. </p><p></p><p>2. Let’s say firm XY is good at corporate work and has an especially strong private equity practice. Now, the next question is.. which kind of clients does the firm serve? Are they mainly regional/UK, US focused, Middle Eastern focused, or broadly very international? There is no doubting that most of a firm’s clients (in the context of TC applications for international law firms) will be international themselves. However, what are the origins of the firm? Say the firm is US-based, another way to go about researching the firm is by comparing its work and clientele with other US firms (or also magic circle/international firms). This is because research into a firm, in my opinion, is not just about knowing what <em><strong>that</strong> </em>particular firm does, but also its wider position in the market. Through this, you do two things: (1) improve your understanding of the industry (PE, in this case) through reading on deals, and (2) fluidly communicate this in written applications and interviews. The latter point is crucial because the preliminary research you do into firms will help you throughout the different application stages. For example, and relating this to my last point on researching into XY firm‘s competitors, a common question asked in interviews is… how does XY firm differentiate itself from its competitors? You can see this through multiple lens by comparing for example, (1) its position among other US firms (as I had briefly highlighted) (2) perhaps even a unique niche it advises on within corporate work, and (3) a specific band of PE clients it advises (mid-market advisory, higher-ticket advisory, etc). This foundational knowldge is very important as recruiters will always know whether you <strong><em>truly</em></strong> understand a law firm’s work by reading your description on what practices you’re drawn to. </p><p></p><p>Overall, I recommend always starting your research on the basis of a firm‘s practice offerings. From there, you could research into its market space, and naturally other elements such as pro-bono and the likes will crop up. However, I would be mindful on what you are referencing in applications to show demonstrated interest, as discussions on practices and perhaps specialised niches within those, will always be more specific than other elements such as secondment opportunities (which indeed, many firms offer). </p><p></p><p>Best of luck and hope this proves useful!</p></blockquote><p></p>
[QUOTE="Amma Usman, post: 196818, member: 36740"] Hey [USER=32080]@murm[/USER] , I see this as a very useful question to be honest, not just for those applying to PW, but also the full spectrum of law firms. My research strategy was as follows; 1. What does the firm pride itself on? Now I appreciate this may sound generic at first. In thinking of the answer to this within oneself, you should not focus on things such as secondment opportunities or international clientele and the likes - many firms will offer this and pride themselves on the international nature of their work. Ask yourself… what are its core practice offerings? This will kick of your research. 2. Let’s say firm XY is good at corporate work and has an especially strong private equity practice. Now, the next question is.. which kind of clients does the firm serve? Are they mainly regional/UK, US focused, Middle Eastern focused, or broadly very international? There is no doubting that most of a firm’s clients (in the context of TC applications for international law firms) will be international themselves. However, what are the origins of the firm? Say the firm is US-based, another way to go about researching the firm is by comparing its work and clientele with other US firms (or also magic circle/international firms). This is because research into a firm, in my opinion, is not just about knowing what [I][B]that[/B] [/I]particular firm does, but also its wider position in the market. Through this, you do two things: (1) improve your understanding of the industry (PE, in this case) through reading on deals, and (2) fluidly communicate this in written applications and interviews. The latter point is crucial because the preliminary research you do into firms will help you throughout the different application stages. For example, and relating this to my last point on researching into XY firm‘s competitors, a common question asked in interviews is… how does XY firm differentiate itself from its competitors? You can see this through multiple lens by comparing for example, (1) its position among other US firms (as I had briefly highlighted) (2) perhaps even a unique niche it advises on within corporate work, and (3) a specific band of PE clients it advises (mid-market advisory, higher-ticket advisory, etc). This foundational knowldge is very important as recruiters will always know whether you [B][I]truly[/I][/B] understand a law firm’s work by reading your description on what practices you’re drawn to. Overall, I recommend always starting your research on the basis of a firm‘s practice offerings. From there, you could research into its market space, and naturally other elements such as pro-bono and the likes will crop up. However, I would be mindful on what you are referencing in applications to show demonstrated interest, as discussions on practices and perhaps specialised niches within those, will always be more specific than other elements such as secondment opportunities (which indeed, many firms offer). Best of luck and hope this proves useful! [/QUOTE]
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TCLA Vacation Scheme Applications Discussion Thread 2024-25
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