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: