General Discussion Thread 2020-21

[Dheepa]

Hi everyone! I posted this question on Jessica’s thread but think it can be a good idea to repost it here to listen to the tips of the wider community!


I’ve a TC interview with a Silver Circle firm early next week, which will include a business case study. We haven’t been given additional information on it, so I suppose no specific preparation is possible, such as reading up on M&A. What’re your tips on how to approach a business case study? What would you recommend on how to structure my thinking and answer? etc.


I agree this is a very board question, but any tip would be greatly appreciated.



Thanks in advance!



James

Hey I'd recommend checking out the M&A Case Study course on TCLA. It's only available to Premium members but Premium membership is super worth it and the course is extremely helpful. I would also strongly recommend reading up on how a balance sheet works and how to extract basic financial information from it. Other than that, make sure you are familiar with things like PESTLE and Porter's Five Forces and know how to use them when you analyse case studies!

 

[jan28]

Hi everyone! I posted this question on Jessica’s thread but think it can be a good idea to repost it here to listen to the tips of the wider community!


I’ve a TC interview with a Silver Circle firm early next week, which will include a business case study. We haven’t been given additional information on it, so I suppose no specific preparation is possible, such as reading up on M&A. What’re your tips on how to approach a business case study? What would you recommend on how to structure my thinking and answer? etc.


I agree this is a very board question, but any tip would be greatly appreciated.



Thanks in advance!



James

You will probably be advising a client based on the information given to you on the day. For this, my main tip would be to not relay everything you’re thinking or every possible issue you can identify. Instead, pick out the most important ones. If they ask you for any more, then you can talk about the rest.

 

[thecorporatelawyer]

There is only the new tariff system - if a firm is still stating an A-Level/equivalent requirement using the old tariff (eg they are requesting UCAS points of more than 200) you just need to convert it into the new system. The old system no longer exists and the new one is backdated.

Great thanks so much!

 

[thecorporatelawyer]

Hi all, when do you think it's a good time to follow up with firms after sending an application? Or really is it ever a good time to do that?

 

[dosblancos7]

Nope, they stopped doing it March last year!

Oooh I see- so its just app review. Thanks

 

[TCLA Community Assistant]

Hi all, when do you think it's a good time to follow up with firms after sending an application? Or really is it ever a good time to do that?

it isn’t really ever a good time to follow up to be honest.

If you can check the status of your application yourself you should.

if you are hearing that lots of people are hearing back and you aren’t, then maybe contact. But even then that could just be they haven’t got to your application yet.

 

[dosblancos7]

Dentons App states:
Please tell us about your extracurricular activities and any positions of responsibility you've held as part of these. (250 words)

Would it be okay(or even advisable) to bullet point these? Also, other firms explicitly say so. Thanks!

 

[TCLA Community Assistant]

Dentons App states:
Please tell us about your extracurricular activities and any positions of responsibility you've held as part of these. (250 words)

Would it be okay(or even advisable) to bullet point these? Also, other firms explicitly say so. Thanks!

I’d avoid bullet points in an application - only really suitable for CVs. Just ensure you make it super concise and don’t explain the self explanatory

 

[thecorporatelawyer]

it isn’t really ever a good time to follow up to be honest.

If you can check the status of your application yourself you should.

if you are hearing that lots of people are hearing back and you aren’t, then maybe contact. But even then that could just be they haven’t got to your application yet.

Okay would you say there is a general rule of thumb? I.e. if a firm takes longer than 3 weeks to get back to you it could be a bad sign?

 

[TCLA Community Assistant]

Okay would you say there is a general rule of thumb? I.e. if a firm takes longer than 3 weeks to get back to you it could be a bad sign?

No - three weeks is no time at all and depending when you applied, you could be waiting for much longer than this. These things can take months unfortunately. You need to be patient for your own sake.

 

[J700F]

On the topic of following up with law firms - I'm due to be doing the work experience programme with Slaughter and May which has switched to virtual and is starting next week (lasting one week). When the firm emailed to let us know it was going virtual they said they would give us further details of what the scheme would entail nearer the start date. However, I haven't heard anything since that point. I'm not sure whether to just wait or get in touch with them? I'd like to know the schedule since it starts next week!

 

[champ591]

For those doing TC apps, which firms have you applied to so far?

Hi, I've applied to W&C, Freshfields and Morgan Lewis so far, hoping to apply to Baker and Sidley by the end of this week. Has anyone heard from any of these firms post application for the direct TC?

 

[S87]

Hi, I've applied to W&C, Freshfields and Morgan Lewis so far, hoping to apply to Baker and Sidley by the end of this week. Has anyone heard from any of these firms post application for the direct TC?

All these firms, except for Baker, review tc apps after their deadline. Sit tight and be calm

 

[AH9891]

On the topic of following up with law firms - I'm due to be doing the work experience programme with Slaughter and May which has switched to virtual and is starting next week (lasting one week). When the firm emailed to let us know it was going virtual they said they would give us further details of what the scheme would entail nearer the start date. However, I haven't heard anything since that point. I'm not sure whether to just wait or get in touch with them? I'd like to know the schedule since it starts next week!

My VS with Linklaters starts next week and there hasn’t really been anything in regards to structure or practice area either. I honestly think that if they know, they will let us know and it’s as simple as that . I’d only follow up with them if the other people on your scheme have heard and you haven’t or maybe if you haven’t heard by Wednesday midday

 

[TCLA Community Assistant]

On the topic of following up with law firms - I'm due to be doing the work experience programme with Slaughter and May which has switched to virtual and is starting next week (lasting one week). When the firm emailed to let us know it was going virtual they said they would give us further details of what the scheme would entail nearer the start date. However, I haven't heard anything since that point. I'm not sure whether to just wait or get in touch with them? I'd like to know the schedule since it starts next week!

if you haven’t heard from them by close of business on Wednesday, contact them.

 

[Asmee DC]

Hello! Hope you are all doing well.

I just got invited for a telephone interview for direct TC with Browne Jacobson. The interview is only supposed to be around 15 mins. If anyone has any previous experience with this firm, I would really appreciate any tips/suggestions you may have! Thanks

 

[Daniel Boden]

Hello! Hope you are all doing well.

I just got invited for a telephone interview for direct TC with Browne Jacobson. The interview is only supposed to be around 15 mins. If anyone has any previous experience with this firm, I would really appreciate any tips/suggestions you may have! Thanks

Afraid I don't have any experience with them but congrats Asmee!

 

[J700F]

if you haven’t heard from them by close of business on Wednesday, contact them.

Thank you!

 

[dosblancos7]

Hi, I've applied to W&C, Freshfields and Morgan Lewis so far, hoping to apply to Baker and Sidley by the end of this week. Has anyone heard from any of these firms post application for the direct TC?

Bakers sent an email telling me they'll let people know in July. Early august(10th, 18th) is their AC's, so yeah! Hope that helps

Do you(or anyone) have any idea as to when Freshfields or W&C holds their AC for TC's?

 

[champ591]

Bakers sent an email telling me they'll let people know in July. Early august(10th, 18th) is their AC's, so yeah! Hope that helps

Do you(or anyone) have any idea as to when Freshfields or W&C holds their AC for TC's?

Thank you, I'm still working on my Baker's app. Re ACs for the rest, no clue.. also wondering if ACs would be held virtually. Guess we'll have to wait for applications to close to hear about the next steps haha