Time Period to Accept TC Offers

[rwb]

I was looking at the Slaughter and May website today and they state that you have one month to accept a TC offer.

Now I'm wondering what the traditional practice for City firms is for how long they give you to accept their offer. I want to submit my rolling TC applications in a way which maximises having as many options to choose from as possible.

Anybody know how much time the top London firms give you to accept a TC offer? Is one month the standard practice?

 

[Jessica Booker]

I was looking at the Slaughter and May website today and they state that you have one month to accept a TC offer.

Now I'm wondering what the traditional practice for City firms is for how long they give you to accept their offer. I want to submit my rolling TC applications in a way which maximises having as many options to choose from as possible.

Anybody know how much time the top London firms give you to accept a TC offer? Is one month the standard practice?

Standard is 4 weeks to accept although some firms will push you into deciding earlier than that.

Nothing stopping you accepting and then reneging at a later point though.

 

[Numerius Negidius]

Standard is 4 weeks to accept although some firms will push you into deciding earlier than that.

Nothing stopping you accepting and then reneging at a later point though.

What are the consequences of reneging? Will other firms refuse to interview candidates who have accepted a TC?

 

[Jessica Booker]

What are the consequences of reneging? Will other firms refuse to interview candidates who have accepted a TC?

There aren’t any consequences unless you have received some form of financial support from the firm in question, and then it’s just a case of paying it back, at worst with interest.

How would they know if you have accepted a TC unless you told them/it was in the public domain?

 

[Manifesting]

I’ve definitely heard of outliers. I remember one firm mentioning that the offers they give out after their winter schemes are open until the summer because they want their candidates to be able to undertake schemes with other firms to be sure of their commitment.

 

[Jessica Booker]

I’ve definitely heard of outliers. I remember one firm mentioning that the offers they give out after their winter schemes are open until the summer because they want their candidates to be able to undertake schemes with other firms to be sure of their commitment.

Some firms will keep offers open until mid September for penultimate year undergrads as per the “code of recruitment practice” tends to only be the penultimate years though as they typically need to sign the finalists/grads up to law school, which is why they get 4 weeks (like the code says too).