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TCLA Vacation Scheme Applications Discussion Thread 2025-26
- Thread starter Ram Sabaratnam
- Start date
I too have received a NRF VI invite. Can anyone give advice or pointers for what kind of questions come up?
One attempt to record but unlimited planning time - personally really enjoyed the process over and above CappFin/Arctic
HSF Kramer and Jones Day WVS PFO 🫤
I am waiting.. haven't gotten a rejection but I scored 4332, I assume/ hope that the benchmark must be 12/16 or smth
Was thinking that but thank you for confirming it. Will just target their competitors (Deoitte).
Weil have introduced a amberjack test with VI questions. As confirmed by graduate recruitment at the Legal Cheek law fair today
I applied and I’m a graduate. I made it to video interview, so if that was the case I think I would have been screened out. On the website it says first year onwards
Hey I just checked the website, when you’re on the legal vacation scheme website at the bottom it should say apply now and that takes you to a separate portal with all the graduate schemes and internships.
Sorry to hear! Don’t be disheartened though, the way their VS process works with the AC being interview based next they have probably had to be really harsh on shortlisting! Plenty of other great firms to apply to 😄HSF Kramer PFO
Thanks for this Andrei!! Do you have any thoughts on the ‘maintain’ aspect of the question and how to weave that in?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.
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