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  1. M

    i am being ignored by vac scheme organisers?

    Given you have signed the contract I don’t think they have forgotten about you at all. I think they may perhaps be a bit overwhelmed in sorting out the vacation scheme next week - but honestly it could be anything (eg illness/staff holidays). For reference I had a VS where I was not told when...
  2. M

    Should i be able to answer this?

    Hi there, Completely understandable not to know very much about the ins and outs of commercial law at the early stages of applying. I think for an insight scheme you’re correct in that the level of detail required is not similar to VS/TC applications — however, I think you do have to have some...
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    Tips for tailoring an application

    Hi there, I know TCLA has incredibly detailed law firm profiles as part of its premium service. The profiles have information on law firms you won’t be able to readily find online, as I believe they use a magazine called ‘The Lawyer’ to write them, which costs in excess of hundreds of pounds a...
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    Questions for interviewers

    All the questions provided by others here are great, and many I actually used in my interviews. I would also add that whilst having some thoughtful pre-prepared questions is excellent, if you spot anything that your interviewer says that interests you, don't be afraid to follow up on this at...
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    Developing Client Relationships as a Trainee/Associate

    Hi all, I am intrigued to understand how as a trainee/associate you can start to build potential client leads in transactional fields. If you work as lawyer in M&A/PE/Finance is it a case of developing early relationships with a client's junior bankers who progress to become MD's/fund managers...
  6. M

    Commercial Awareness Discussion Thread

    Sounds like you are completely on the right track. Incumbent banks are as you mention traditional ones which typically have in-store branches and offer a suite of personal/commercial finance services. For example Lloyds, Santander, Barclays. Challenger banks are those which are new and have...
  7. M

    2020-21 Direct Training Contract Applications Discussion

    Honesty is the best policy! I also have a second language (which I used to be fluent in but now rusty). I always put intermediate/advanced level in my application forms. Chances are you will never be tested on it at interview (unless it was a language requirement), however, if its any anecdote...
  8. M

    Graduated from RG with a first and a vac scheme (did not convert) - is it crazy to do a one year course in economics?

    Hi there, Definitely go for the course in economics if you want to do it before doing the LPC! I was in a similar situation to you, where I graduated and decided to take a year out to work in an economics related sector. Knowledge of economics allowed me to understand client's commercial...
  9. M

    2020-21 Direct Training Contract Applications Discussion

    Hi there, I would definitely go with the quality answer approach you have. This way you can demonstrate exactly how you've developed the qualities they are looking for. Just providing a list I believe may be a bit arbitrary if you're not able to explain/justify in sufficient detail the...
  10. M

    M&A Transaction - Other Advisors

    Was asked this question multiple times at interview. Main two Investment bankers/M&A financial consultants - they assess the financial projections for why the M&A deal should take place (e.g valuations like DCF's) Accountants - involved in the financial due diligence of the transaction. For...
  11. M

    TCLA General Discussion Thread #2 (2021)

    Really sympathise with this – I know how frustrating it is to get close, put so much work into applications/vacation schemes, and not come away with the news you want. I would also say though that you've done incredibly well to get the VS in the first place, and the fact you are in contention...
  12. M

    2020-21 Vacation Scheme Applications Discussion

    Just been offered a Training Contract at my top choice US law firm. Completely over the moon + shocked!! Been an active member here since 2019 (and pursuing a TC longer than this). Can't begin to describe how many hours I have spent writing applications and prepping for AC's/VS's. It was so...
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    2020-21 Vacation Scheme Applications Discussion

    As a big football fan, I am not in favour at all of the proposal. It stands against everything football should be about and has serious implications for the future. Taking my football fan hat off it makes sense for some clubs. Clubs like Tottenham have something like £860m in debt and are in...
  14. M

    2020-21 Vacation Scheme Applications Discussion

    Trowers rejection post-AC for a summer VS. Wouldn't have been able to do the scheme as it clashes with another VS I have now accepted. However, I am quite surprised about the outcome as I thought I performed significantly better in the AC than others I have been successful in. I think it...
  15. M

    2020-21 Vacation Scheme Applications Discussion

    This is quite a personal decision to make, but I would be inclined to take one vac scheme and the consulting scheme (if possible): You may honestly find you prefer consulting. I faced a similairish issue in the past, and found that by taking internships in different areas my interest in law was...
  16. M

    2020-21 Vacation Scheme Applications Discussion

    Ropes & Gray Vacation Scheme Offer! Honestly a bit shocked as I was not expecting it at all! Thank you everyone here who has reached out to me in the past for words of encouragement, advice, and support, and I wish the best of luck for everyone waiting to hear back.
  17. M

    2020-21 Vacation Scheme Applications Discussion

    I haven't had a confirmation yet
  18. M

    The Rise of "Red Circle" Chinese Law Firms

    I picked up on this rather interesting article in the latest edition of the Economist (link below) about the operations of Chinese law firms, specifically "Red Circle" firms, and how they may threaten the UK and US law firm global status quo. Whilst being an intriguing topic in its own right, I...
  19. M

    2020-21 Vacation Scheme Applications Discussion

    Thanks! They have provided me with a range of interview dates until the end of March (so far). I have not been allocated a time yet.
  20. M

    2020-21 Vacation Scheme Applications Discussion

    Interview invite for Winston & Strawn! I applied quite early on in November for others still waiting.

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