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TCLA Vacation Scheme Applications Discussion Thread 2025-26

Abbie Whitlock

Administrator
Staff member
Gold Member
Premium Member
Sep 11, 2025
992
1,141
@Abbie Whitlock having some issues with wrapping my head around AC’s and case studies. I know it’s usually M&A, but if a business is looking to expand internationally with an aggressive expansions, what would be the legal and commercial risks for the business?

For legal I have: consumer laws, employment laws, tax compliance and corporate structure risk etc?

Commercial risks: over expansion and underperforming-> lose money; market demand/ competition risk; supply chain and operational risks.

Am I understanding this well? I’m not too sure.. thank you so much 😊
Hey!

You're definitely thinking about it the right way, and your categories make sense! The key in an AC is to think commercially and highlight the most important risks to the client, rather than trying to list every possible risk. If a business is expanding internationally, I would frame it under legal and commercial (as you have), but keep it focused.

For example, legal risks might include:

1. Regulatory compliance
2. Employment law differences and worker protections
3. Tax exposure
4. Corporate structure and governance risks
5. Data protection

On the other hand, as you have mentioned, commercial risks could include:

1. Over expansion leading to cash flow strain
2. Overestimating demand or underestimating competition
3. Operational and supply chain challenges
4. Macroeconomic risk and political instability in new markets

In your answer, I would prioritise the most serious risks, and link them to the strategy that the firm is adopting (e.g. if the company expands through a joint venture rather than setting up its own subsidiary, things such as governance and control risks become more significant as decision-making is shared). You can also briefly suggest how the client could mitigate against theses risks - this might include due diligence, phased rollout, local partners, etc.

It looks like you are on the right track to me! I would just focus on prioritisation and structure, rather than trying to cover absolutely everything

I hope that helps! :)
 
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Reactions: aliiiisonxooox

summersun

Legendary Member
Nov 8, 2024
276
440
n
btw can somebody confirm if Katten as a firm actually exist? They seem to have no profile on this forum...

On a side note, I think I deserve an offer from them, because KAT-ten (Cat - 😂😂😂)
you know every time I see your messages I read your name as Rosie_Katten ...
More seriously Ihope we will hear back from them one day
 

Lawyergyal123!

Distinguished Member
Jan 20, 2025
61
59
To clarify, did everybody else get different wording to mine? Was it a 50:50 mix r.e. wording...

Because it's beyond bizzare for a form rejection with the same content to have different wording...
They could have sent it to everyone or just this recent batch of rejections but would need to hear from loads of people to even know.

definitely not bizarre at all tbh lol, i have had it before from two firms. especially if they have other events/internships you can apply to, they can/do often specialise your rejection and tell you to apply again or in the next cycle.
 

Rosie_Kitten

Legendary Member
  • Dec 26, 2025
    269
    518
    They could have sent it to everyone or just this recent batch of rejections but would need to hear from loads of people to even know.

    definitely not bizarre at all tbh lol, i have had it before from two firms. especially if they have other events/internships you can apply to, they can/do often specialise your rejection and tell you to apply again or in the next cycle.
    But the thing is, I got the rejection at exactly the same time. With the same content. Seemingly worded differently from everybody else? Is that usual?
     

    SueD

    Valued Member
    Jan 7, 2025
    110
    85
    Have a Forsters AC in a few weeks and just wondering if anyone had any experience of ACs at private wealth firms? Can’t imagine that they’d do a group exercise or WE on an M&A deal but can’t think what type of thing they’d pick in terms of subject area. Any thoughts v appreciated.
     

    helenaskelton

    Valued Member
    Feb 18, 2025
    102
    101
    Have a Forsters AC in a few weeks and just wondering if anyone had any experience of ACs at private wealth firms? Can’t imagine that they’d do a group exercise or WE on an M&A deal but can’t think what type of thing they’d pick in terms of subject area. Any thoughts v appreciated.
    Hi! Yes. Did an AC for direct TC at Sinclair Gibson. It involved an unrelated group exercise about a project you can’t prepare for, a competency interview and a written exercise which related to probate (drafting an email to a client and picking out key bits from legal documents). Forsters will deffo be similar.
     

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