Hi!
Congratulations on the VS!!
It is completely normal to feel nervous about lower conversion rates, but I would try not to focus on it too much as you might psych yourself out.
My main advice would be to really use the scheme to engage as widely and proactively as possible. Ask lots of questions - about the work, about the firms strategy, about how matters fit into the wider deal, and about people's career paths. In my feedback call after being rejected post-VS for one of my schemes, one of the main points that was brought up was that I hadn't engaged with my supervisor enough and I should've asked more about their career path. You could speak to a wide range of associates, partners, and trainees, not just the people that you are directly sitting with. It shows genuine interest and will help you understand how the firm actually operates, which is handy for any interviews on the scheme.
Additionally, I would try to be proactive in asking for work and, just as importantly, feedback. If you finish something, let your supervisor (or whoever gave you the task) know and ask whether there is anything else you can help with. At the same time, it's important to be mindful of your tone - definitely try to avoid coming across as pushy or transactional. The key is to be enthusiastic and helpful, rather than adding more tasks to your supervisors workload!
One thing that is often overlooked is how you treat other vacation schemes. I would focus on supporting those around you, and ensuring that you are collaborative rather than competitive. Whilst you are technically "competing" with those around you, firms notice how you behave in a cohort, and being someone who contributes positively to the group says a lot about how you would be as a trainee. Graduate recruitment teams notice those who are being overly competitive on the scheme, and it often doesn't reflect well on them!
Overall, it is generally important to approach the scheme with a good attitude. Things such as being reliable, responsive, calm under pressure, and easy to work with are all key traits that they will be looking for. People will be thinking about whether you're someone they'd trust on a busy deal at 10pm, particularly at a US firm - competence definitely matters, but so does being someone that people enjoy working with!
Low conversion rates doesn't mean that you have low chances - if you focus on being engaged, proactive, and a good team player, you'll give yourself the best possible shot!
Best of luck with the VS, and I hope you enjoy it too!
