TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

[Law1099]

Has anyone heard from AG recently?
I was invited to the VI 2 days after submitting my application but its been over a month since I did it and I haven't heard anything back 😕

Same! Really annoying because I’m sure it’s another rejection because people who have done it later have had their ACs today.

 

[ZaraB]

Mine is on Thursday! 😊what about you?

Mine is next week Tuesday Did you receive the Forage link today?

 

[LawfulRust00]

TI invite for fieldfisher 2023 direct TC

Well done! When did you complete the online test?

 

[John Travoni]

TI invite for fieldfisher 2023 direct TC

That’s so amazing. When did you complete your online test?

 

[AspiringTrainee]

That’s so amazing. When did you complete your online test?

Well done! When did you complete the online test?

Thank you. I did the tests on 27/28th January.

 

[Rob93]

Can someone please explain what a "de-SPAC" deal/how this differs to a "SPAC" deal?

The use of this in financial press is loose, so be mindful of how any given bit of commentary is written. But

A 'de-SPAC' refers specifically to the M&A deal whereby the SPAC takes on its previously private target co.; it's the consummation of the investment into an actual operating company, which then becomes listed (mechanics will vary somewhat).

A SPAC deal is often this, but can also mean the IPO of the SPAC itself.

In some cases, a 'SPAC deal' may also be in reference to the 'private investment in public equity' (PIPE) transactions often used to close out a de-SPAC; basically if the SPAC only has, say, $200mm but target value is $1bn, investment banks will underwrite or subscribe the remaining $800mm to close the deal in exchange for fresh equity which usually is issued shortly following close of the merger.

Again always be conscious of context because the writing can have a bit of slippage (though commentary on PIPEs will usually make it clear it's a PIPE). In any instance it should in most cases be clear what kind of transaction is being discussed.

 

[SOAS22]

Completed the Penningtons Manches Cooper AC today, now for the wait! So relieved it is over

 

[BM99]

Anyone that’s done the Mayer Brown proofreading assessment ahead of the AC, how many questions did you manage to get through? I didn’t realise there were so many until the end! 😬

I haven’t been sent the link yet! Would you mind letting me know when your AC is? 😊

Hey guys congratulations on progressing to AC! May I know how are you guys preparing for it?

 

[Gobeavers]

Is anyone still waiting to hear back from Macfarlanes post AC?

 

[AAA_a]

Completed the Watson Glaser test for HL on Dec 6 and heard nothing since. Anyone in the same position? Not sure if I should email GR to ask for an update.

 

[BRo]

Has anyone received a PFO post-VI for Weil?

 

[BRo]

Has anyone received a PFO post-VI for Weil?

To clarify, submitted the VI on 14 Jan… is all hope lost?

 

[AspiringTrainee]

To clarify, submitted the VI on 14 Jan… is all hope lost?

I wouldn’t say so. Although I don’t know what Weil’s timings are like, other firms sometimes take longer than a month for them to get back to you. For now, it’s not a PFO until it’s a PFO.

 

[ZaraB]

Hey guys congratulations on progressing to AC! May I know how are you guys preparing for it?

Hey! Thank you very much! I am trying to prepare for the fact finding exercise as if it were a case study taking into account MB’s strengths and doing as much research into the firm as possible! How about you?

 

[M&Amakesmyday]

How long does it usually take for White & Case to get back post-VI?

 

[TCApp2021]

The use of this in financial press is loose, so be mindful of how any given bit of commentary is written. But

A 'de-SPAC' refers specifically to the M&A deal whereby the SPAC takes on its previously private target co.; it's the consummation of the investment into an actual operating company, which then becomes listed (mechanics will vary somewhat).

A SPAC deal is often this, but can also mean the IPO of the SPAC itself.

In some cases, a 'SPAC deal' may also be in reference to the 'private investment in public equity' (PIPE) transactions often used to close out a de-SPAC; basically if the SPAC only has, say, $200mm but target value is $1bn, investment banks will underwrite or subscribe the remaining $800mm to close the deal in exchange for fresh equity which usually is issued shortly following close of the merger.

Again always be conscious of context because the writing can have a bit of slippage (though commentary on PIPEs will usually make it clear it's a PIPE). In any case it should in most cases be clear what kind of transaction is being discussed.

Thank you!

 

[aspiringlawyer123_]

Out of curiosity - how many hours a day do people spend preparing for an AC?

 

[AspiringTrainee]

Out of curiosity - how many hours a day do people spend preparing for an AC?

I don’t think you should look at it from that perspective personally as it may lead into a false sense that hours you have committed leads to varying rates of success.
Personally, for some of my ACs, as I often had to work as well, I would try do 2-3 hours in the evening in the run up (maybe 8-10 hours total).

 

[aspiringlawyer123_]

I don’t think you should look at it from that perspective personally as it may lead into a false sense that hours you have committed leads to varying rates of success.
Personally, for some of my ACs, as I often had to work as well, I would try do 2-3 hours in the evening in the run up (maybe 8-10 hours total).

I didn’t mean how much you should, I just wanted to see the variation!

 

[AspiringTrainee]

I didn’t mean how much you should, I just wanted to see the variation!

Oh right! My bad I misread that 😅.