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TCLA Vacation Scheme Applications Discussion Thread 2025-26
- Thread starter Ram Sabaratnam
- Start date
- Sep 9, 2024
- 1,032
- 1,815
Hi @legal18 thanks a lot for the kind words, I really appreciate it
! As for your question, here is how I would approach it:
- Firstly, explain the concept of profit in simple terms, as earnings minus costs, and exemplify with sources of earnings and sources of costs most businesses have.
- Having explained how generating profits essentially boils down to either increasing earnings, or reducing costs, or both, I would then describe in layman terms the general strategies a business can use to maximize earnings. Things I could mention include increasing market share (perhaps via geographic expansion, increased hiring, or M&A) to improve the total volume of business and therefore the margins of profit; or finding gaps in the market, where you can tap on existing demand no one else is servicing; differentiate your business' brand via effective marketing, invest in talent or research and development of tech products that will result in a better quality offering to your client base. etc. Whatever general strategy point I would choose to mention, I would the illustrate with the best example I could find of a company successfully doing this.
- The second half of the answer would instead be focused on minimizing costs, where I could mention strategies like: creating economies of scale to increase the efficiency of supply and distribution chains and improve market bargaining power; structuring operations and transactions in a tax efficient manner; automating processes (especially now with generative AI), outsourcing, etc. Once again, I would seek to illustrate these strategies with the best examples of companies who have efficiently implemented them.
This will be very helpful, thank you. I have not registered for the law fair.
I've not heard back from Ashurst but I think some people have. For Covington, they're only going to respond after the deadline which is October 24 I think.
when filling in the work experience section, do people add their uni stuff like treasurer for tennis club etc?
did my sidley interview yesterday, if anyone needs advice pls reach out
Definitely! I applied yesterday for their spring vacation scheme, I'd let you know if I progressed to interview with them.did my sidley interview yesterday, if anyone needs advice pls reach out
Do Sidley always send confirmation twice after we we hit the submit button?
I saw manual reply with a CC to the email of the career team, an hour after the automatic message/auto reply email.
Has anyone completed the PwC video interview; if so can you give any insight as to what to expect? Thank you
Actually quite enjoyed the Macfarlanes job simulation stage! Also, just done CC WG.
Did anyone do the AS Commercial Awareness 1st round this AM?
Busy day - Legal Cheek fair next
Did anyone do the AS Commercial Awareness 1st round this AM?
Busy day - Legal Cheek fair next
The past years it has been 6 long questions. All 'what would you do in this situation' type questions.Has anyone completed the PwC video interview; if so can you give any insight as to what to expect? Thank you
Just received VI invite from NRF!!
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I received an email last week to say that I’ve met the benchmark and app now under review but nothing since then
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