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TCLA Vacation Scheme Applications Discussion Thread 2025-26

Andrei Radu

Legendary Member
Staff member
Future Trainee
Gold Member
Premium Member
Sep 9, 2024
1,032
1,812
Hello @Andrei Radu @Abbie Whitlock @Afraz Akhtar
I was wondering with regard for antitrust / competition law - what's the pure substantive things we should know about for ACs? I don't mean like connecting to broader trends, but rather like actual concepts / content?

Thank you
Hi @flower1 that's a great question. While I have not had to deal with a lot of antitrust-related tasks and questions in my ACs, I would aim to know the following:
  • The main competition law infringements that companies can be fined for: abuse of a dominant position in the market, forming of cartels (such as price fixing agreements, bid-rigging, customer allocation agreements, group boycotts, sharing of confidential information etc), and anti-competitive mergers.
  • The basics of the merger control regime: how to the authorities get involved, how do parties protect against risk of intervention by the antitrust authorities via contractual clauses, what remedies are available for a company to appease the authorities to let a deal go through (structural remedies such as selling a part of a target's business + behavioural remedies such as agreements not to raise prices).
  • How the recently developed class-action competition law regime works in the UK;
  • The main types of issues and controversies economists and lawyers face in this area - such as determining at what level of granularity/generality to define a given market, to determine what counts as a detrimental impact on competition (would a merger of the 4th and rd largest companies in a market have a negative impact, assuming this enables them to better compete with the #1 and #2 largest companies, who dominate most of the market?) and determining what kinds of arrangements and remedies would be economically justified or considered abusive.
 

wqueens8

Distinguished Member
Jun 28, 2024
69
83
For anyone who is living / has lived in London, can I ask generally how much money is needed to get by for a year while studying the SQE?

One of my new years resolutions is to be more financially responsible, and another is to get a TC. I'm also choosing this year to be extremely optimistic and manifest that I do get a TC, which case I will be finishing my degree this year, then GDL year then SQE year.

Where possible I will study in my uni city, or home city. But several of the firms I am in the running for require the SQE to be studied in London, offering grants of 12-18k. Hence my question here. If this is the case I would have say 15k from the firm and I could get the masters loan too if needed for another 12k, putting me at around 27k tax free. How much more would you need to live an alright life in London? I imagine I will finish out this academic year with nothing, but through the GDL I'll keep working and will (hopefully) have a grant, so would probably have a fair bit of money left over, but that gives rise to more questions of whether I can afford to stay in my uni city and rent, having maybe 5k left over, or if i need to move home and save and could potentially have 10-15k left over.

Obviously all hypothetical and getting ahead of myself, but I believe in speaking things into existence haha, and to be fair I really do need to be getting my finances in order now if i have any hope of affording the SQE year should I get a TC.
 

Bread

Legendary Member
Jan 30, 2024
226
375
For anyone who is living / has lived in London, can I ask generally how much money is needed to get by for a year while studying the SQE?

One of my new years resolutions is to be more financially responsible, and another is to get a TC. I'm also choosing this year to be extremely optimistic and manifest that I do get a TC, which case I will be finishing my degree this year, then GDL year then SQE year.

Where possible I will study in my uni city, or home city. But several of the firms I am in the running for require the SQE to be studied in London, offering grants of 12-18k. Hence my question here. If this is the case I would have say 15k from the firm and I could get the masters loan too if needed for another 12k, putting me at around 27k tax free. How much more would you need to live an alright life in London? I imagine I will finish out this academic year with nothing, but through the GDL I'll keep working and will (hopefully) have a grant, so would probably have a fair bit of money left over, but that gives rise to more questions of whether I can afford to stay in my uni city and rent, having maybe 5k left over, or if i need to move home and save and could potentially have 10-15k left over.

Obviously all hypothetical and getting ahead of myself, but I believe in speaking things into existence haha, and to be fair I really do need to be getting my finances in order now if i have any hope of affording the SQE year should I get a TC.
Hey there, some things to consider. As a reference, the London Living Wage (voluntary minimum wage offered by companies in London) currently sits at around £29k.
Also, do bear in mind that not all GDL/SQE courses are eligible for a masters loan. If you did get a TC, i think it would be unlikely that you would also get a masters loan, bc the firm would pay for your tuition. If instead you didn't get TC sponsorship, you'd likely be able to get a loan, but you would also have to pay for the course yourself.
Imo, the most desirable outcome is obtaining firm sponsorship for the GDL, do it at home (not spending the living grant), do the SQE in London sponsored by the firm, and pool the combined living grants for your second year.
 

billyonthespeeddial

Legendary Member
Gold Member
Premium Member
Jan 21, 2023
267
717
Pretty sure they’re non-rolling. The vac scheme deadline is 01/01/2026. Does anybody know what the dates are for the schemes? Idk if I’m looking in the wrong places but I can’t seem to find the vac scheme dates anywhere lmao.​
Yep, non-rolling. Exact dates are sent out alongside offers I believe. Last year the dates were:
-First half of April
-Second half of June
-First half of July
Two weeks each
 
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Harvey Specter

Legendary Member
Jul 4, 2024
899
3,288
That's so bonkers.

These tests drive me up the wall.
Firms: hey we’ve simplified our app process and so now we’re only gna ask for work experiences and academics, i.e., no more long written questions.

Me: ayy that’s light work let me get started on my app cos this should be a breeze. Surely there won’t be a catch or any hidden plot twists right?…

Also firms: yeah, about that… we have introduced 1385959000 different test stages using a mix of SJT, WG, SPAG tests, VI and maths q’s instead…

Me:

Angry Inside Out GIF by Disney Pixar
 
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