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Message: <blockquote data-quote="Jaysen" data-source="post: 13342" data-attributes="member: 1">Week 2 (Real Estate):Day 1Introduction to the Real Estate team<ul> <li data-xf-list-type="ul">Note: Real Estate sits in More London office!</li> <li data-xf-list-type="ul">Initial impressions: much smaller than Corporate IBR</li> <li data-xf-list-type="ul">Less busy in terms of work, but more time to talk to people and listen to their experiences<ul> <li data-xf-list-type="ul">Eg. Learned about how real estate is structured and held in Jersey Property Unit Trusts (JPUTs)</li> </ul></li> </ul>Assigned Tasks<ul> <li data-xf-list-type="ul">Review a list of intra-group contracts, collate the services specified in contracts and list on a spreadsheet to be included in a master services agreement for supervisor</li> </ul>Briefing for Case Study<ul> <li data-xf-list-type="ul">As the briefing was held in the Embankment office, listened in on the briefing via Google Hangout.</li> </ul>Day 2Tasks<ul> <li data-xf-list-type="ul">Submitted task: reviewed and collated services into a spreadsheet<ul> <li data-xf-list-type="ul">Forgot to put on track changes!</li> </ul></li> <li data-xf-list-type="ul">Assigned task: collate a list of quotes for legal services from foreign law firms for a intra-group transaction. Submitted same day</li> </ul>Lunch with Team!<ul> <li data-xf-list-type="ul">Insight into how the Real Estate team works: multidisciplinary, works closely with Deals and Tax</li> </ul>Day 3Assigned Tasks<ul> <li data-xf-list-type="ul">Review of licencing agreement to allow sub-lease, identify any potential risks. Submitted same day</li> </ul>Catch-up with manager from Real Estate team<ul> <li data-xf-list-type="ul">Research for group presentation: asked for insight on how blockchain will effect real estate industry</li> <li data-xf-list-type="ul">Application in real estate transactions and Land Registry</li> </ul>Day 4Assigned Tasks<ul> <li data-xf-list-type="ul">Conduct a PN1 search on four companies (to check if any proprietary interests held by these companies) and prepare relevant documents, submitted same day</li> <li data-xf-list-type="ul">Legal research on sub-lease and potential areas to focus on for an opinion on Practical Law, submitted same day</li> <li data-xf-list-type="ul">Submitted written case study report</li> </ul>Week 2 Social<ul> <li data-xf-list-type="ul">Dinner and Escape-room (we managed to escape!)</li> </ul>Day 5<ul> <li data-xf-list-type="ul">Breakfast with Trainees!</li> <li data-xf-list-type="ul">Full-day department presentations<ul> <li data-xf-list-type="ul">o   Secondment to Office of General Counsel (OGC), PwC’s in-house legal team</li> <li data-xf-list-type="ul">Secondment to Dubai!</li> <li data-xf-list-type="ul">Introduction to various departments, including Financial Services Regulation (massive growth area for PwC!), Cybersecurity (multi-disciplinary team), Private Client</li> <li data-xf-list-type="ul">Long day but very informative- make sure to focus and pay attention, looking tired doesn’t give off a good impression!</li> </ul></li> <li data-xf-list-type="ul">Catch-up with supervisor<ul> <li data-xf-list-type="ul">Received generally positive feedback- managed deadlines and mixed well with the team. Room for improvement: Track changes!!</li> </ul></li> <li data-xf-list-type="ul">Week 3 Presentation:<ul> <li data-xf-list-type="ul">Catch-up with group members to collate our research and compile our points</li> </ul></li> </ul>Week 3 (NewLaw)Day 1<ul> <li data-xf-list-type="ul">Introduction to NewLaw team<ul> <li data-xf-list-type="ul">Sat in on a meeting with Tax partner and manager on a deal the team was doing due diligence for</li> </ul></li> <li data-xf-list-type="ul">Tasks<ul> <li data-xf-list-type="ul">Research on costs draftsmen for a manager, submitted same day</li> </ul></li> <li data-xf-list-type="ul">   Week 3 Presentation<ul> <li data-xf-list-type="ul">Finalised Powerpoint slides for group presentation, met up with group over lunch to rehearse our parts</li> <li data-xf-list-type="ul">Had a catch-up session with a smart contract specialist in the NewLaw team to discuss the future of smart contracts as research for presentation</li> <li data-xf-list-type="ul">Set-up a meeting with PwC’s blockchain lead to discuss future applications of blockchain as research for presentation</li> </ul></li> </ul>Day 2<ul> <li data-xf-list-type="ul">Tasks<ul> <li data-xf-list-type="ul">Research on the services provided by a cloud computing company for supervisor</li> <li data-xf-list-type="ul">Collated a list of contacts of interest for a trainee<ul> <li data-xf-list-type="ul">Originally intended to submit by the end of Day 2, however, realised this was taking longer than expected. E-mailed trainee and informed him might take longer: was happy to be flexible with deadline and appreciated that I’d told him as early as I could.</li> </ul></li> </ul></li> <li data-xf-list-type="ul">Catch-up Session with Blockchain Lead<ul> <li data-xf-list-type="ul">Discussed certain applications of blockchain and learned of its uses in various industries, eg. supply chain, HR, insurance</li> </ul></li> </ul>Day 3<ul> <li data-xf-list-type="ul">Group Presentation<ul> <li data-xf-list-type="ul">Rehearsed and presented to the training principal and a  member of the HR team</li> <li data-xf-list-type="ul">Tough but fair questions, come prepared!</li> </ul></li> <li data-xf-list-type="ul">Tasks<ul> <li data-xf-list-type="ul">Submitted a collated list of companies</li> <li data-xf-list-type="ul">Continued research on the services provided by a cloud computing company</li> </ul></li> <li data-xf-list-type="ul">Assigned tasks<ul> <li data-xf-list-type="ul">Contract review exercise by supervisor: Proofread, then point out any identified risks in an e-mail written to client</li> </ul></li> <li data-xf-list-type="ul">Partner drinks<ul> <li data-xf-list-type="ul">After-work partner drinks: good time to mingle with other people from different departments</li> </ul></li> </ul>Day 4<ul> <li data-xf-list-type="ul">Tasks<ul> <li data-xf-list-type="ul">Submitted research on the services provided by the cloud computing company</li> <li data-xf-list-type="ul">Completed and submitted contract review exercise</li> </ul></li> </ul> <ul> <li data-xf-list-type="ul">   Presentation on PwC’s energy practice<ul> <li data-xf-list-type="ul">Legal services provided to energy clients particularly in project finance and immigration</li> </ul></li> <li data-xf-list-type="ul">Feedback Session for Week 2’s Case Study submission<ul> <li data-xf-list-type="ul">Received generally good feedback, but missed out on certain areas</li> </ul></li> <li data-xf-list-type="ul">Week 3 Social: Bowling!</li> </ul>Day 5<ul> <li data-xf-list-type="ul">Assigned tasks<ul> <li data-xf-list-type="ul">Review a client-side NDA and identify any risks for a senior associate based in Birmingham<ul> <li data-xf-list-type="ul">First time coming across an NDA: scheduled a Google Hangouts session to go through context of NDA/points of interest to note</li> <li data-xf-list-type="ul">Completed and submitted same day: received positive feedback for sticking to deadline and being thorough</li> </ul></li> </ul></li> <li data-xf-list-type="ul">Catch-up with supervisor<ul> <li data-xf-list-type="ul">Run-down on all the work I’ve done and feedback on contract review and research task on the services provided by the cloud computing company</li> <li data-xf-list-type="ul">Points of improvement: structure my research in a more concise and understandable way, eg. put a summary on the top so the client has a gist of main points!</li> </ul></li> </ul>Tips and reflection:Formal’ assessments<ul> <li data-xf-list-type="ul">Heavy emphasis on group presentation:<ul> <li data-xf-list-type="ul">Commercial awareness hot topics: eg. EU/Brexit, Technology Industry Growth Areas. TCLA’s courses are AMAZING for this.</li> <li data-xf-list-type="ul">Start early, do your research.</li> <li data-xf-list-type="ul">Choose a topic/structure research based on you and your group members’ seats<ul> <li data-xf-list-type="ul">Take advantage of PwC’s coffee culture: network with various people and ask for their help and advice- group presentation is designed to get you to network and get involved with PwC’s multidisciplinary approach</li> <li data-xf-list-type="ul">PwC’s internal database for research: eg. clients, other news resources</li> </ul></li> </ul></li> </ul>Assigned Tasks<ul> <li data-xf-list-type="ul">When given a task, ask the person assigning you for a set deadline. Clarify the task by repeating it back to the person to avoid misunderstandings.</li> <li data-xf-list-type="ul">Manage your deadlines: if you find something taking longer than expected inform the person who assigned you the task to explain why and if it’s possible to extend the deadline.</li> <li data-xf-list-type="ul">Don’t be afraid to ask for help when needed, but equally learn to read the room and not bug people when they’re busy (was guilty of this, and it actually cropped up in my feedback!).</li> </ul>Agile Working<ul> <li data-xf-list-type="ul">No assigned seats- make sure you know where your supervisor/whoever assigns you work sits</li> <li data-xf-list-type="ul">You can sit in the same place- makes you easier to find</li> <li data-xf-list-type="ul">Be aware that most people work from home on Fridays- if needed, you may want to clarify how you can reach them (eg. on Google Hangouts)</li> <li data-xf-list-type="ul">PwC uses G Suite- get yourself familiar with this, particularly Google Calendar, as you’ll have to keep track of your schedule/work around your colleagues’ times.</li> </ul>What did you enjoy the most about your scheme and the firm?I really liked the feedback culture and the friendly work environment. There was a flat hierarchy and everyone was very happy to help where they can. Heavy emphasis on personal and career development.Good quality of work- I was lucky to be involved in a variety of projects throughout my three seats, which really gave me an opportunity to see how each department worked differently.Were there any drawbacks at all? Not really a drawback, but would have loved to do a cooking class as a social!Rating out of 5: 5</blockquote>

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