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TCLA Vacation Scheme Applications Discussion Thread 2025-26

badmintonflyinginsect

Legendary Member
Premium Member
Jan 26, 2023
128
106
Hi @badmintonflyinginsect I think the effects you mentioned are natural consequences of increased government borrowing. Increased borrowing firstly means an increase in demand for government bonds, which, in the absence of a proportionate increase in supply, results in a decrease in bond price, which leads to an increase in yields. Secondly, increased government borrowing comes with increased defaulting risk, which bond markets price by demanding higher yields as compensation.

On the general interest rate side, an increase of government borrowing can firstly lead to increased government spending, which can be inflationary and thus lead to central banks increasing interest rates. Secondly, rising government borrowing can theoretically have a "crowding out" effect: because of its size, it can absorb a large portion of the economy's lending capacity, potentially leading to higher interest rates across the entire economy, including for private sector businesses and individuals.

Nonetheless, while these consequences follow from an economic theory perspective if you look at this point of fiscal policy in isolation, I do not actullay expect them to end up materialising in practice (at least in a very strong and impactful sense). Firstly, on the yields side: modern governments rise and fall on the reaction of bond markets, as seen with Liz Truss' disastrous mini budget, and this Labour government is very unlikely to take the risk of a similar situation occurring. If there is any wind of a negative outlook as to the country's defaulting risk, this will likely result in further tax rises. Secondly, on the interest rate side, I would not expect this crowding out effect to occur, simply because the UK government has access to immense pools of international public and private capital; and following this post-Covid inflationary period, I think government spending is something that will be a lot more tightly controlled.
Thanks so much for your response! Do you reckon we're going to see a marginal improvement in deal activity/exits because of this?
 

Harvey Specter

Legendary Member
Jul 4, 2024
683
2,598
For those applying to Skadden, how do we write a detailed answer for the second question ‘if you could choose a career other than the law, what would you choose?’ Is the expectation to explain why that career, our skills or competencies, how they align back to law and/or Skadden, etc? Just seems very confusing hence I left it till the end. I am able to think of a few other careers, but should they be similar to commercial law or something different? Surely I can just say I would choose X career and call it a day but it is asking for 250 words lmao. Any help would be appreciated! Also if @Andrei Radu or @Abbie Whitlock could help that would be great!​
 
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Abbie Whitlock

Administrator
Staff member
Gold Member
Premium Member
Sep 11, 2025
529
453
is it worth applying to FF is ac offers r being sent out?
Hey!

Whilst it is an advantage to apply early for a rolling deadline, I would still encourage you to apply even if people have been progressed to the next stages already! Most firms will review every application that is submitted before the deadline (and will receive the majority of applications in the last few days), and so the most important factor is that you submit a strong and tailored application that you are confident with!

If you feel you can do that before the deadline, I absolutely would apply :)
 
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Abbie Whitlock

Administrator
Staff member
Gold Member
Premium Member
Sep 11, 2025
529
453
Just received an LLM offer from King's College London; a little bit of hope after PFOs...
Huge congratulations!!! That's amazing and I hope you celebrate well :)

Celebration Yes GIF by Chippy the Dog
 

Abbie Whitlock

Administrator
Staff member
Gold Member
Premium Member
Sep 11, 2025
529
453
For those applying to Skadden, how do we write a detailed answer for the second question ‘if you could choose a career other than the law, what would you choose?’ Is the expectation to explain why that career, our skills or competencies, how they align back to law and/or Skadden, etc? Just seems very confusing hence I left it till the end. I am able to think of a few other careers, but should they be similar to commercial law or something different? Surely I can just say I would choose X career and call it a day but it is asking for 250 words lmao. Any help would be appreciated! Also if @Andrei Radu or @Abbie Whitlock could help that would be great!​
Hi!

This question definitely feels confusing at first, but it's actually more about understanding you rather than testing your commitment to law. Skadden wants to see how you think, what motivates you outside the standard "commercial law" narrative, and whether you can give a thoughtful and well-rounded explanation of your interests.

A strong 250-word answer will usually cover three main things:

1. Pick a genuine alternative career

It doesn't need to be similar to commercial law, but it can be if that is your genuine answer. However, picking something different often works as it gives them a clear picture of you as a person. As long as it is credible and you can back it up with reasons for why you would choose it, any career path should be fine!

2. Explain why that career appeals to you

The main focus should be on what draws you to it - this could be problem-solving, strategy, creativity, leadership, analytical thinking, working with people, etc. This should show what drives you and makes your answer authentic and personal. Discuss the elements of the role that you would like and why your skills would be well suited for it.

3. Indirectly reveal strengths and transferable skills

You don't need to link it back to Skadden explicitly, but you can highlight the underlying qualities that you'd bring to any career (including a career in commercial law).

For example, if you choose journalism, this could include curiosity, communication, and distilling complex information - all traits that are very transferable to the role of a trainee solicitor. This allows Skadden to infer the traits you'd bring as a trainee without you hammering the point home.

The two main things that I would avoid in your answer are:
  • Don't say a career that undermines your motivation for law (e.g. "I'd be happier doing anything else" or "I'm really open minded to lots of career paths and haven't decided", etc.)
  • Don't force a cliche "this is basically law but with a different name" answer - they want to see what your genuine interests and motivations are!

250 words are there to let you develop your reasoning and personality, not to trip you up! As long as you write a genuine answer and back it up with real motivations, you can write a really strong answer. I hope that helps, and best of luck! :)
 

Lawlawland

Legendary Member
Premium Member
Oct 4, 2025
149
207
I feel like I majorly messed up the Taylor Wessing cover letter by adding a “why commercial law” paragraph, even though I tried to keep it really short. Could have used the space to expand more on skills 🥲
I don't think it's necessarily a bad thing. The successful applications from last year have that part. I believe it also comes under the "why the scheme", question.

Especially as a career changer (the firm hires a lot of people from STEM), none can write a cover letter without answering why commercial law.

So I believe that's totally okay.
 
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M_m

Distinguished Member
Premium Member
Jun 27, 2023
71
62
I don't think it's necessarily a bad thing. The successful applications from last year have that part. I believe it also comes under the "why the scheme", question.

Especially as a career changer (the firm hires a lot of people from STEM), none can write a cover letter without answering why commercial law.

So I believe that's totally okay.
I really hope so. I procrastinated that cover letter for over a month and literally sent the application an hour before the deadline. 😂
 

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