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TCLA Vacation Scheme Applications Discussion Thread 2025-26

Well done on getting to interview stage! Did you apply for PWC recently? I am unable to find the link to apply online... Any help would be great.
Hey I just checked the website, when you’re on the legal vacation scheme website at the bottom it should say apply now and that takes you to a separate portal with all the graduate schemes and internships.
 
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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.
Thanks for this Andrei!! Do you have any thoughts on the ‘maintain’ aspect of the question and how to weave that in?
 
Today's Legal Cheek Virtual Law Fair Wrap Up 🎉

Weil Gotshal & Manges: Apologised that they had technical issues and will open the app later this week with a possible extension
Taylor Wessing: Will share the details for open days a week before the day for those invited last week.
King & Spalding: Encouraged to apply their insights day, open to all candidates by unsolicited app (emailing).
• Vinson: Unable to sponsor visa and don't have DTC
• Sullivan: Don't have official statistics for VS conversion rates/undisclosed data, but for international grad they advise to apply direct TC
• Akin: Encouraged to apply their open day, but I cannot find the link for registration, anyone can help? Deadline is 20/10
Cooley: Will release the outcome of open day as earlier as the end of October.

Firms that I hope can attend, but they not represent at the fair: Milbank, Ropes Gray, Jones Day, Sidley Austin
 

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