TCLA Vacation Scheme Applications Discussion Thread 2025-26

[hxnnahrobinson]

For commercial awareness, how far back should I be going? I am looking into events from this year so far but not sure if I will look outdated if I refer to incidents from the end of last year too

 

[topkop]

anyone know how long HSFK take post-ac

When did you have it ?

 

[sqe4676]

Withers PFO post SJT after over 2 months ( Seems cruel they took so long to respond - gave me false hope.

 

[elizabethkate]

withers PFO post test

 

[Laurel Lance - Black Canary]

Awww what a cute love animation and just realised tomorrow is a valentine, not me in a friendzone relationship!

Me right now when seeing couple in valentine:

 

[ABC234]

Anyone heard from Morgan Lewis post TI for summer?

 

[Bbhu19]

had this w 0C ... its never been more over

As in the associate or both grad rec and the associate?

 

[stew99]

Anyone heard from OC post virtual-AC?

 

[Abbie Whitlock]

Hi, I was wondering if anyone had any specific resources for starting off with learning more about Funds and Private Credit and also prepping for these wrt to assessments incase I have to explain an interest or work a case study related to these practices. Also, if you are drawn to these practices, what motivated you and how have you gone about showing this interest on apps and interviews ?

I would like to know this too please and how to go about case study interviews in relation to these - PE, funds, credit and m and a @Abbie Whitlock

I would also like to know where I can start reading commercial news relating to these sectors - m and a, private equity, funds and private credit. Does anyone know where I can gain more knowledge about these (would prefer videos hahaha but don’t mind reading too!)

Thank you very much!

Hey!

I'm not too knowledgeable on these areas myself, so my advice would be quite general! However, when I was starting to learn more about specific areas my starting point is usually Investopedia. For example, I've had a look for posts on Funds and Private Credit and have found:

• Private Credit vs Private Equity: What's the Difference?
• Fund: Definition, How It Works, Types and Ways to Invest
• What Investors Should Know About Investing in Private Debt

If videos are what work best for you, I would definitely have a look at YouTube and search things such as "How private equity works", "What is private credit", "How a fund is structured", etc. When I was preparing for an interview at a PE-focused firm last cycle, I found this video from TCLA really helpful as an introduction: "What Private Equity Lawyers Actually Do? - with Bernie Rivard"

In a case study, they are usually testing:

• Can you spot key risks?
• Do you understand the client's overall commercial objective?
• Can you think commercially and offer practical solutions?

For example, in an M&A case study, you need to think about what the buyer is actually trying to achieve and what are the main risks to highlight in due diligence. For PE, this might be how the fund will exit and what could impact returns from the investment. Lastly, for private credit, you would want to consider what the lender would be worried about (e.g. repayment, security, etc.).

A simple structure that might help you as you approach these exercises is:

1. What is the client's goal?
2. What are the main commercial risks?
3. What would you prioritise as their lawyer?

Try to focus on keeping it logical and commercial - they won't be expecting you to address the technical complexities of an LBO model, but rather to show that you understand the client's objective, can identify the key commercial risks, and can think practically about how a lawyer would help protect the client's position.

I hope that helps!

 

[lawyersum]

pls tell me i'm not the only one seeing a heart floating on my screen - lowkey thought i needed to go back to specsavers lol

 

[radssss]

Hey!

I'm not too knowledgeable on these areas myself, so my advice would be quite general! However, when I was starting to learn more about specific areas my starting point is usually Investopedia. For example, I've had a look for posts on Funds and Private Credit and have found:

• Private Credit vs Private Equity: What's the Difference?
• Fund: Definition, How It Works, Types and Ways to Invest
• What Investors Should Know About Investing in Private Debt

If videos are what work best for you, I would definitely have a look at YouTube and search things such as "How private equity works", "What is private credit", "How a fund is structured", etc. When I was preparing for an interview at a PE-focused firm last cycle, I found this video from TCLA really helpful as an introduction: "What Private Equity Lawyers Actually Do? - with Bernie Rivard"

In a case study, they are usually testing:

• Can you spot key risks?
• Do you understand the client's overall commercial objective?
• Can you think commercially and offer practical solutions?

For example, in an M&A case study, you need to think about what the buyer is actually trying to achieve and what are the main risks to highlight in due diligence. For PE, this might be how the fund will exit and what could impact returns from the investment. Lastly, for private credit, you would want to consider what the lender would be worried about (e.g. repayment, security, etc.).

A simple structure that might help you as you approach these exercises is:

1. What is the client's goal?
2. What are the main commercial risks?
3. What would you prioritise as their lawyer?

Try to focus on keeping it logical and commercial - they won't be expecting you to address the technical complexities of an LBO model, but rather to show that you understand the client's objective, can identify the key commercial risks, and can think practically about how a lawyer would help protect the client's position.

I hope that helps!

Thank you so much Abbie, you’re a star

 

[tc2026]

hi! does anyone have any last min advice for HL stage 1? I would really appreciate it : )

 

[BeanaGoalGetter]

Had a mini heart attack seeing the email

 

[Madison Pinewall]

hey guys, just wondering on reflection. for most law firms, I havent put in my 'work experience' things that weren't like paid. for example, I volunteer to tutor students online and write for a widening participation blog. should I be adding these to my experience? similarly. are open days relevant? I found that I had more luck with CV based firms where they could see my range of extracurricular + mooting experience.

 

[hanahana]

Bird & Bird Vacation Scheme offer!!!

 

[Prudentia]

I was speaking to one of the lawyers in my organisation about applying for VS and TCs. He said that he applied to almost every single law firm for a VS as a student (he went to Oxbridge) He was rejected from every regional and national firm, but ended up securing VSs with Baker McKenzie, Slaughter & May and Freshfields, and getting TC offers from BM and FF. Not sure where I’m going with this, but as the wave of offers/PFOs are coming through, don’t let rejection knock you back too much. Being rejected from one firm can sometimes lead to you getting an offer from a much better one.

 

[lawyersum]

Had a mini heart attack seeing the email

I didn't get anything...strange

 

[stew99]

I didn't get anything...strange

Me neither

 

[lawyersum]

Me neither

Cue the mind games lol why do firms do this