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TCLA Vacation Scheme Applications Discussion Thread 2025-26
- Thread starter Ram Sabaratnam
- Start date
Thanks Abbie, this is quite helpful!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:
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"
- 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
In a case study, they are usually testing:
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.).
- Can you spot key risks?
- Do you understand the client's overall commercial objective?
- Can you think commercially and offer practical solutions?
A simple structure that might help you as you approach these exercises is:
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.
- What is the client's goal?
- What are the main commercial risks?
- What would you prioritise as their lawyer?
I hope that helps!
Received AC offer on the 5th February
BIRD AND BIRD SPRING VAC SCHEME!!!! Guys you really never know, never assume the worst I really felt this wasn't going my way.
If there's anyone who's completed an AC at Irwin Mitchell for the ILS stream earlier this year (it seems like the offices outside of London have their AC's first) or last year I'd be incredibly grateful for any hints and tips regarding what to expect for both the written and group exercise and the interview!
I've not done one before so any help would be so amazing!
Thank you!
I've not done one before so any help would be so amazing!
Thank you!
hii does anyone have any insights on white & case (w&c) final round interview? I can trade for V&E, A&O, Gibson Dunn
Hargreaves Lansdown email had me so excited thinking I'd finally got a Hogan Lovells response as their logo is "HL" 😩
Every day I discover a diff law firm on here cos why is this the first time I’ve seen this name…
Other law firms I’ve discovered recently are Maples Teesdale + Shepherd and Wedderburn…
Other law firms I’ve discovered recently are Maples Teesdale + Shepherd and Wedderburn…
Sidley PFO need some good news pls
need some good news plsHaha they aren't a law firm, they're a financial services firm I use for investingEvery day I discover a diff law firm on here cos why is this the first time I’ve seen this name…
Other law firms I’ve discovered recently are Maples Teesdale + Shepherd and Wedderburn…
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