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TCLA Vacation Scheme Applications Discussion Thread 2025-26

GiveMeTC2026

Star Member
Sep 18, 2025
42
51
Hello!

From what I've seen on the forum, it doesn't look like anyone has been able to access the application form yet. If this still isn't open after a few days, I would contact the graduate recruitment team :)
Just to add on this why don't you ask them at the Legal Cheek law fair today. Or if I can will try to ask them for you. @aspiringlawyer25
 

Andrei Radu

Legendary Member
Staff member
Future Trainee
Gold Member
Premium Member
Sep 9, 2024
859
1,544
Hey @Andrei Radu hope you’re good! Really valued your insights last cycle and was wondering if you had any thoughts on this question:

What is your understanding of how a business generates and maintains a profit? (Please provide examples) (500 words)
Hi @legal18 thanks a lot for the kind words, I really appreciate it :)!

As for your question, here is how I would approach it:
  • Firstly, explain the concept of profit in simple terms, as earnings minus costs, and exemplify with sources of earnings and sources of costs most businesses have.
  • Having explained how generating profits essentially boils down to either increasing earnings, or reducing costs, or both, I would then describe in layman terms the general strategies a business can use to maximize earnings. Things I could mention include increasing market share (perhaps via geographic expansion, increased hiring, or M&A) to improve the total volume of business and therefore the margins of profit; or finding gaps in the market, where you can tap on existing demand no one else is servicing; differentiate your business' brand via effective marketing, invest in talent or research and development of tech products that will result in a better quality offering to your client base. etc. Whatever general strategy point I would choose to mention, I would the illustrate with the best example I could find of a company successfully doing this.
  • The second half of the answer would instead be focused on minimizing costs, where I could mention strategies like: creating economies of scale to increase the efficiency of supply and distribution chains and improve market bargaining power; structuring operations and transactions in a tax efficient manner; automating processes (especially now with generative AI), outsourcing, etc. Once again, I would seek to illustrate these strategies with the best examples of companies who have efficiently implemented them.
 

Amgrad

Star Member
Oct 2, 2025
44
68
did my sidley interview yesterday, if anyone needs advice pls reach out :)
Definitely! I applied yesterday for their spring vacation scheme, I'd let you know if I progressed to interview with them.

Do Sidley always send confirmation twice after we we hit the submit button?
I saw manual reply with a CC to the email of the career team, an hour after the automatic message/auto reply email.
 

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