- Sep 9, 2024
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If it is impossible to change the topic, I would try to look for indirect effects this could have on the firm. Competition law does not operate in a vacuum, and an important development could cause a chain of effects that end up being relevant for many law firms that do not have competition practices. For instance, if the merger control regime in a given jurisdiction becomes significantly more restrictive, this could lead to (i) a decrease in big-ticket dealmaking and (ii) an increase in complex corporate carveouts for the deals that do go through - which could benefits firms specializing in this type of transaction. If a given merger control regime becomes more relaxed (as will likely be the case in the US), the opposite effect could be observed, benefiting law firms operating generalist M&A practices.Hi @Jessica Booker @Amma Usman @Andrei Radu @Ram Sabaratnam
I have an AC next week where i have to give a presentation based on an answer I provided in my application for a ‘please describe a current news story which is of interest to you and why.’ I decided at the time to use an answer that I had used previously related to competition as I was best able to link it back to myself and my prior experience.
The firm’s London office does not offer a seat in competition nor have a practice area in it. A lot of advice I have seen online for this AC says that candidates should expand on their commercial story and that it is really important to explicitly link it back to the firm and not just rely on knowing the topic well.
I am struggling to find ways to link it back to the firm since they don’t work in competition law and don’t really know how to approach this? Does anyone have any advice?
Besides merger control, we could again infer some wider impacts. If the courts/antitrust authorities become more active in enforcing abuse of market dominance/cartel rules, this could lead to renegotiations of many current commercial agreements that are in breach of that (such as many of the contracts made by Visa and Mastercard), which could once again benefit firm's transactional departments. Finally, at the most general level, if the competition law regime is successful in increasing competition in the market, the smaller players in many industries could benefit, which could then lead to them being in a position to give work to many law firms.