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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...- Amma Usman
- Post #21,248
- Forum: Applications Discussion
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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...- Amma Usman
- Post #21,246
- Forum: Applications Discussion
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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.- Amma Usman
- Post #21,245
- Forum: Applications Discussion
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TCLA Vacation Scheme Applications Discussion Thread 2024-25
Ayyy love to see it …..! Much deserved ;)- Amma Usman
- Post #21,243
- Forum: Applications Discussion
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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...- Amma Usman
- Post #21,242
- Forum: Applications Discussion
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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...- Amma Usman
- Post #21,241
- Forum: Applications Discussion
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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...- Amma Usman
- Post #3,690
- Forum: Applications Discussion
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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...- Amma Usman
- Post #8
- Forum: Interviews Discussion
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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...- Amma Usman
- Post #7
- Forum: Interviews Discussion
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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...- Amma Usman
- Post #2
- Forum: Applications Discussion
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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.- Amma Usman
- Post #3,532
- Forum: Applications Discussion
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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/- Amma Usman
- Post #3,531
- Forum: Applications Discussion
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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...- Amma Usman
- Post #20,943
- Forum: Applications Discussion
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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!- Amma Usman
- Post #20,941
- Forum: Applications Discussion
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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!- Amma Usman
- Post #20,940
- Forum: Applications Discussion
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TCLA Direct Training Contract Applications Discussion Thread 2024-5
I hear you - seeing the vac schemers at the firm you got rejected from must be really tough, and it’s completely valid to feel that way. But this isn’t the end of the road. Remember, you can always apply again next year, and there are so many firms out there that would be lucky to have you...- Amma Usman
- Post #3,425
- Forum: Applications Discussion
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TCLA Direct Training Contract Applications Discussion Thread 2024-5
Hi. Here you go - https://www.thecorporatelawacademy.com/forum/threads/where-firms-recruit-from-vacation-scheme-vs-direct-tc-applications-2024-2025.9147/- Amma Usman
- Post #3,424
- Forum: Applications Discussion
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TCLA Direct Training Contract Applications Discussion Thread 2024-5
I know this one stings, especially since you put in so much effort and felt good about your application. But don’t let this shake your confidence - you’ve already proven your ability to secure top opportunities, and this is just one step in a much bigger journey. Every rejection is tough, but...- Amma Usman
- Post #3,407
- Forum: Applications Discussion
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TCLA Direct Training Contract Applications Discussion Thread 2024-5
Great news! I’ve pulled out an interview insight from 2021. Feel free to check the rest of the years for any more as well. https://www.thecorporatelawacademy.com/forum/threads/king-spalding-interview-2021.3942/- Amma Usman
- Post #3,406
- Forum: Applications Discussion
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TCLA Direct Training Contract Applications Discussion Thread 2024-5
Honestly, that’s so good. You’ve put in so much effort, and it’s great that you’re recognizing the importance of rest. Breaks are so necessary because, at the end of the day, we either take them willingly or our bodies force us to. You’ve smashed through those applications, and now you...- Amma Usman
- Post #3,405
- Forum: Applications Discussion