• 📅 Vacation Scheme Applications 2025–26

    Planning to apply for winter, spring or summer vacation schemes? Join our dedicated threads for support, deadlines, and discussion:

    Let’s make this your strongest application season yet 💼

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  1. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    From their website, I’ve seen there are 12 TC spots, so I reckon their VS number is about that size, most likely more. Feel free to email Grad Rec to be sure ;) Here’s their email: [email protected] Link below… https://www.milbank.com/en/careers/london/faqs.html
  2. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Not a silly question at all. Honestly, I felt exactly the same way when I started. What worked for me was realising that it’s totally normal to find it difficult at first, especially with sources like the FT. I used to open those articles and feel completely lost. I didn’t understand half the...
  3. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Due Diligence: What Is It? Due diligence refers to the investigation or research done by a buyer before making a business decision, such as purchasing a company or entering into a partnership. It’s essentially a way to ensure that all relevant facts and risks are understood before proceeding...
  4. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Warranties and Indemnities: What Are They? Warranties and indemnities are terms in contracts, quite common, especially in business deals like mergers and acquisitions. Warranties are like guarantees from one party to another. When a company sells something, it might provide warranties to...
  5. Amma Usman

    TCLA Direct Training Contract Applications Discussion Thread 2024-5

    Exactly, you've hit the nail on the head. Well done! If you’re keen on identifying a law firm’s competitors too, I have linked this here to help - https://www.thecorporatelawacademy.com/forum/threads/guide-to-identifying-a-law-firm%E2%80%99s-competitors.9422/
  6. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    What is Liquidity? Liquidity refers to how quickly and easily an asset can be converted into cash without affecting its price too much. Think of it as how "liquid" something is…just like water, it flows easily and quickly. For example, cash is the most liquid asset because you can use it...
  7. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    What is Arbitrage? Arbitrage is like spotting an opportunity to buy something cheap in one place and sell it for a higher price elsewhere, taking advantage of the price difference. It’s a way of making a profit with little to no risk. For example, imagine you find a stock trading for 100 (in X...
  8. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Some firms make it clear that you need to on their website, while for other firms they specify that one needs to have strong ties to the region. In any case, it’s always best to confirm with GR.
  9. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Ayyy love to see it …..! Much deserved ;)
  10. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hey! I’d try not to worry too much just yet. From what I understand, the competencies on the Capp test are usually looked at collectively, not in isolation. So even if commercial thinking wasn’t your strongest, strengths like critical thinking and resilience still carry a lot of weight. It’s...
  11. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    I personally advise you to worry less about the scores. There are so many things that are considered when scoring, and different questions test different competencies that sometimes aren’t fully reflected in the scores themselves. For example, I’ve received what I thought were quite low scores...
  12. Amma Usman

    TCLA Direct Training Contract Applications Discussion Thread 2024-5

    I don’t have much to add to Ram’s great response, but just a quick note to be mindful of how rankings are interpreted. A firm might be placed in Band 3 for a broader practice area but still hold a Band 1 position in a specific niche within that area - whether that’s regionally, globally, or...
  13. Amma Usman

    Harbottle & Lewis Assessment Centre

    In my view, some of the most important questions to ask yourself before applying to any firm are (1) why commercial law, and (2) why that specific firm - both a bit obvious, but with some careful tailoring, will easily help you stand out among the crowd. I have quoted two past posts to help on...
  14. Amma Usman

    Harbottle & Lewis Assessment Centre

    Huge congrats on the AC! I recommend you check if the firm has shared any specific details about what the assessment center will involve. If they have, feel free to share that with me, as it’ll help me provide more tailored advice on how to approach each component. That said, I’m pretty...
  15. Amma Usman

    Will my grades limit me?

    From what I can see, you have excellent experiences, and it’s great to see how you've bounced back and excelled in the GDL and your professional roles! Most firms primarily look at your overall grade (your 2:1), and they often won’t focus too much on individual module scores. Plus, many...
  16. Amma Usman

    TCLA Direct Training Contract Applications Discussion Thread 2024-5

    It‘s worth asking this to be sure, though I do not see why note-taking shouldn’t be allowed, unless maybe they’re assessing your ability to digest concepts quickly in constricted time-frames. However, ensure to confirm with GR as they will have the best answer to this.
  17. Amma Usman

    TCLA Direct Training Contract Applications Discussion Thread 2024-5

    Hey there, These links should help - https://www.thecorporatelawacademy.com/forum/threads/guide-law-firm-practice-areas.9404/ https://www.thecorporatelawacademy.com/forum/ams/private-equity-a-basic-guide.505/
  18. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Here’s an interview insight from 2019-2020 - https://www.thecorporatelawacademy.com/forum/threads/bclp-interview-2019-20.2241/ Have they told you what the mark up exercise and the pres. are focused on? Perhaps I’ll be able to shed more thoughts from there. For a strength-based interview, my...
  19. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Hi there. Feel free to drop the question and I’ll try my best to advise from there!
  20. Amma Usman

    TCLA Vacation Scheme Applications Discussion Thread 2024-25

    Love this! It’ll be a great chance to see how things work from both a contentious and transactional perspective. Let us know if you have any questions, and good luck on the vacation scheme!

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