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  1. Jaysen

    Welcome

    Hi everyone We're going to move the 'trainee advice' page to this section so that the posts are easier to sort through. I'll be updating each one as I add them in so they're worth a look even if you've checked out the page before. The plan is that we'll also add more answers over time. For...
  2. Jaysen

    Commercial Awareness - April 2018

    Great post Coralin! Good article in the FT yesterday explaining why oil prices are rising: https://www.ft.com/content/112d1342-488f-11e8-8ee8-cae73aab7ccb
  3. Jaysen

    Meaning of GDPR?

    Ok here's a brief introduction to the GDPR. Part 2 will focus on how it will impact law firms and their clients. The impact of the GDPR on businesses and law firms - Part 1 What is it? The General Data Protection Regulation or "GDPR" is an EU-wide regulation which regulates the processing of...
  4. Jaysen

    Slaughter and May Interview Tips

    Really appreciate this, thanks.
  5. Jaysen

    Slaughter and May Interview Tips

    Hey, let me see if I can find a recent Slaughters interviewee and I'll get back to you.
  6. Jaysen

    Meaning of GDPR?

    Bear with me, I'll do a write up on this now.
  7. Jaysen

    An introduction to law firms

    How do law firms make money? How do they charge clients? Law firms make money by charging clients for the legal services they provide. They make a profit by generating more fee income than their overhead expenses and salary costs. Overheads include a bunch of things, such as supplies and...
  8. Jaysen

    Background checks

    Hi Mary, Our screening company was a risk consultancy. I remember they sent us a form to fill out but I think that was just to verify what we had said in our screening forms. We also sent them ID docs and details of our residency history for background/DBS checks. I remember in the email they...
  9. Jaysen

    An introduction to law firms

    Hey, I'll answer these questions over the next few days. Starting with the first - How are law firms structured? Most large commercial law firms operate as a limited liability partnership or "LLP". An LLP, like a company, has a separate legal personality. It can enter into contracts, incur...
  10. Jaysen

    Slaughter and May Interview Tips

    In terms of Slaughter and May specific advice, I believe @Sandrou had a TC assessment there. @Sandrou, if you can share some thoughts that would be much appreciated. If you have any questions Jennifer about a particular part of the interview, let me know.
  11. Jaysen

    Useful resources

    Some of you have shared some very interesting articles and I thought we'd collate them (and future ones) here. To kick us off, The American Lawyer just released its US law firm rankings for 2018. Here is the chart for revenue...
  12. Jaysen

    Case Study 2: M&A analysis

    Hey all, Please find attached the second case study, you'll note that it's a fair bit chunkier than the last one. This case study mirrors the style of a real written exercise I had during an assessment centre. It's testing, among others, your ability to analyse large quantities of information...
  13. Jaysen

    Case Study 1: Legal Analysis

    Hey all, This is the first in a series of mock case studies, please see attached. The case studies are here to help you prepare for the written exercise at assessment centres. This one focuses on your ability to analyse complex information and form a solution. To simulate a real written...
  14. Jaysen

    The what-we're-doing-right-now page

    (Make that tomorrow :))
  15. Jaysen

    The impact of interest rates on law firms - part 1

    Thanks for clarifying, I think I understand, I assume you mean a competitive advantage when it comes to securing work from clients, but let me know if you meant otherwise. A few things to think about: First off, if you're a law firm operating in an uncertain environment, you need to be...
  16. Jaysen

    The impact of interest rates on law firms - part 1

    Hey Selma - I'm a little unsure what you mean by competitive advantage in this context. Are you asking what law firms can do for companies worried about a rise in interest rates?
  17. Jaysen

    Commercial Awareness - April 2018

    Hey KS, Interesting question. I can't say I'm an expert on this, but yes, I would imagine it does. Law firms store personal data so they can run conflict checks when new clients come in. Law firms, and more specifically the compliance staff, may need to review whether they get appropriate...
  18. Jaysen

    Commercial Awareness Briefing

    The newsletter is out guys :)
  19. Jaysen

    Law firms as a business

    Hi everyone I came across this helpful guide about how law firms operate as a business and thought I'd share. It covers things like: how law firms are structured how law firms charge clients and make money how law firms use leverage and working capital how law firms compete the future of law...

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The Corporate Law Academy (TCLA) was founded in 2018 because we wanted to improve the legal journey. We wanted more transparency and better training. We wanted to form a community of aspiring lawyers who care about becoming the best version of themselves.

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