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TCLA Vacation Scheme Applications Discussion Thread 2025-26

johnsmith

Legendary Member
Oct 2, 2025
165
187
Did anyone else receive an application update from Macfarlanes saying your application is under consideration but we’re still reviewing other applications. Does it mean I’m on a standby list? Or that they haven’t gotten to mine yet? Anyone have experience with this type of message?
It just reads like a holding email! I wouldn’t read too much into it, perhaps they’ve had a lot of people contacting grad rec asking for updates? Big time sink for them fielding those sorts of enquiries!
 
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Amgrad

Distinguished Member
Oct 2, 2025
69
89
  • 🤝
Reactions: ACivilLawyer

Andrei Radu

Legendary Member
Staff member
Future Trainee
Gold Member
Premium Member
Sep 9, 2024
879
1,582
Also, got an AC coming up at Jones Day, my first ever, not sure what to expect when it comes to case study interviews, so any and all advice would be greatly appreciated!
Hi @Shahenshah and first of all huge congratulations on getting to the AC 🥳! Case study interviews are often the trickiest part of an AC to prepare for, as they come in a wide variety of formats. Just to list a few types of case studies that I have encountered:
  • Commercial article based discussion: here, you would be given an article/number of articles to read on some controversial commercial matter, and would then be expected to go in and explain a summary of the information to partners, answer questions, and engage in a debate based on your views on the topic.
  • Client problem simulation: in some other case study, you will be given a short brief as to a matter a client wants to be informed on relating to a problem they are facing/a project they are considering, and then you will have to read a number of different documents and form a view on potential solutions and action-plans. You will then once again be expected to present your views and defend them.
  • M&A and document review: some case studies will involve looking at documents relating to companies for the purposes of a fictitious M&A deal, and you would have to point out relevant considerations to decide on a target to acquire and how you will mitigate against risks in the transaction.
  • Research and presentation: some case studies will partly involve a research task (although normally not very extensive research is expected), where you will be briefed as to a problem and then have to find your own materials to base your opinion on.
  • Writing task presentation: finally, some case studies also involve first preparing a written piece on the matter and only afterwards presenting it and discussing your views with partners.
As such, I would advise you to try to gather as much information about what Jones Day's case study interview looks like (perhaps consider reaching out to trainees, etc). Unless you get a good view of what the interview format will be, in my view, the only way to prepare is by developing the underlying skills every case study will seek to test: time-management and work under pressure, clarity of writing and structure, commercial awareness and analysis, ability to digest large amounts of information, etc.

To do that, I think it is useful to both practice actual case studies and to read more widely about the commercial matters that might be relevant for them. A particularly helpful resource for me was the course offered by TCLA on the matter (which you can find here). It includes a number of mock PE and M&A case studies, recordings of two hour long sessions explaining how to think through written/interview style M&A case studies, and a number of questions that are analyzed in depth by the TCLA team. To link a few useful free resources on TCLA:
  • An amazing guide for M&A case studies by @Jacob Miller, which includes both a mock case study and a model answer with detailed explanations of how you should think through the materials (which you can find here).
  • A mock written case study offered by TCLA here.
  • An excellent article written by @Jaysen Sutton, which explains the process, types, structures, and general terms of an M&A transaction (which you can find here).
  • A glossary of M&A terms by @Amma Usman here.
Besides these, I have also found a few external resources you may want to take a look at:
Finally, I quoted bellow a posts I wrote on how to improve your ability for commercial analysis:
Besides that, I advise you to generally work on your commercial analysis skills in the coming week by engaging with commercial awareness material in a more critical and active manner. Thus, when you next read an article or listen to a podcast, instead of doing so passively, only aiming to improve your stock of background knowledge, ask yourself questions like:
  • What are the essential points about this story I would mention if I had to summarize it quickly and clearly?
  • What are the causes for the events in the story?
  • Who are the different stakeholders, and how does this impact them?
  • What are potential responses in light of the story, and what are the arguments for each? What is my view, and how would I substantiate it?
This kind of thinking will develop your ability to analyze commercial topics better, which is the key skill case studies assess.
 

Andrei Radu

Legendary Member
Staff member
Future Trainee
Gold Member
Premium Member
Sep 9, 2024
879
1,582
I have already messed up on the first VI question for Macfarlanes simulate assessment. I panicked and didn't really make much sense. Am I better off not submitting it so that they won't have a record of it if I want to apply in the future?
I think you should still submit it. You would be surprised how many times people progressed past a VI they really thought had gone horrendously - particularly if only one answer was bad, recruiters can sometimes overlook it and play it down to nerves and an awkward format if you otherwise showed yourself as a promising candidate.

Even if you do not progress, it is very unlikely that the firm would make note of a bad performance and hold it against you; I have never heard of this happening at the VI stage. If anything, not submitting it could look worse, as the firm may think you did not even bother to engage with an opportunity many other candidates would have wanted; and a perceived lack of interest could look a lot worse than a somewhat nervous performance.

Simply put, I think this is a situation where there is a lot of upside to submitting and a non-existent/minimal downside, so I would advise you to submit it.
 

Shahenshah

Star Member
  • Aug 20, 2025
    33
    42
    Hi @Shahenshah and first of all huge congratulations on getting to the AC 🥳! Case study interviews are often the trickiest part of an AC to prepare for, as they come in a wide variety of formats. Just to list a few types of case studies that I have encountered:
    • Commercial article based discussion: here, you would be given an article/number of articles to read on some controversial commercial matter, and would then be expected to go in and explain a summary of the information to partners, answer questions, and engage in a debate based on your views on the topic.
    • Client problem simulation: in some other case study, you will be given a short brief as to a matter a client wants to be informed on relating to a problem they are facing/a project they are considering, and then you will have to read a number of different documents and form a view on potential solutions and action-plans. You will then once again be expected to present your views and defend them.
    • M&A and document review: some case studies will involve looking at documents relating to companies for the purposes of a fictitious M&A deal, and you would have to point out relevant considerations to decide on a target to acquire and how you will mitigate against risks in the transaction.
    • Research and presentation: some case studies will partly involve a research task (although normally not very extensive research is expected), where you will be briefed as to a problem and then have to find your own materials to base your opinion on.
    • Writing task presentation: finally, some case studies also involve first preparing a written piece on the matter and only afterwards presenting it and discussing your views with partners.
    As such, I would advise you to try to gather as much information about what Jones Day's case study interview looks like (perhaps consider reaching out to trainees, etc). Unless you get a good view of what the interview format will be, in my view, the only way to prepare is by developing the underlying skills every case study will seek to test: time-management and work under pressure, clarity of writing and structure, commercial awareness and analysis, ability to digest large amounts of information, etc.

    To do that, I think it is useful to both practice actual case studies and to read more widely about the commercial matters that might be relevant for them. A particularly helpful resource for me was the course offered by TCLA on the matter (which you can find here). It includes a number of mock PE and M&A case studies, recordings of two hour long sessions explaining how to think through written/interview style M&A case studies, and a number of questions that are analyzed in depth by the TCLA team. To link a few useful free resources on TCLA:
    • An amazing guide for M&A case studies by @Jacob Miller, which includes both a mock case study and a model answer with detailed explanations of how you should think through the materials (which you can find here).
    • A mock written case study offered by TCLA here.
    • An excellent article written by @Jaysen Sutton, which explains the process, types, structures, and general terms of an M&A transaction (which you can find here).
    • A glossary of M&A terms by @Amma Usman here.
    Besides these, I have also found a few external resources you may want to take a look at:
    Finally, I quoted bellow a posts I wrote on how to improve your ability for commercial analysis:
    Andrei, this is a gold mine - thank you so much! if I get in, it's thanks to this!
     
    • Like
    Reactions: Andrei Radu

    msclm

    Star Member
  • Oct 22, 2024
    42
    107
    is it common for firms to allow you to postpone offers - say their winter offer to spring? I have an AC and partner interview coming up for 2 firms, but have already accepted another wvs with my top firm, so kinda wondering if there is any point to continuing with the process for the other 2 lol
     
    Reactions: Abbie Whitlock

    RSK

    Esteemed Member
    Gold Member
    Premium Member
  • Sep 27, 2023
    86
    100
    Has anyone heard from Latham re November open day? I'm hoping they get back this week, as I have a trip coming up, but I also wanted to check in case anyone has gotten an invite. This is for the Nov 6 open day, btw.
    also waiting to hear back; i've seen from October open day attendees that they give people a week's notice, so we should hear back by Thursday I reckon
     
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