Search results
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What are the major differences between US firms? (in terms of their works)
The information posted so far has been excellent. Just to add my two cents, I think another good way of differentiating US firms (although this applies to all firms) is by distinguishing between specialists and generalists. Specialists focus on one or two particular areas, whereas generalists...- Kola
- Post #6
- Forum: General Discussion
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Road to becoming a Corporate Lawyer.
1st year: Go to open days + build up your extra-curriculars 2nd year: apply for Vacation Schemes + build up your experience 3rd year: apply for Vacation Schemes (if you have not secured any in 2nd year) and apply for Training Contracts (if you have a competitive application) Graduation: do the...- Kola
- Post #2
- Forum: General Discussion
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Will trainee salaries increase?
NQ rates have risen because there has been an explosive demand for associates in the US. Firms are poaching 1PQE+ lawyers across American left, right and centre, leading to insanely high 1PQE salaries, with even more insane sign-on and retention bonus' (rumoured to be exceeding $750k and $200k...- Kola
- Post #4
- Forum: General Discussion
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TCLA General Discussion Thread #2 (2021)
What a fantastic, but also rather difficult, position to be in. If it were me, here are some of the things that I would personally consider. 1. Salary: Money wise, you will be better of at Debevoise during your training contract, with you making - at an absolute minimum - £9k more. I say at a...- Kola
- Post #1,639
- Forum: Applications Discussion
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BAD FIRST YEAR RESULTS - What to do?
Agreed. To add to this, other firms to watch out for are Shearman & Sterling, Sullivan & Cromwell and Cleary Gottlieb AFAIK. This is not to discourage you from applying, but just something to be aware of.- Kola
- Post #19
- Forum: General Discussion
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Poor contract module grade, but 2:1 average.
Will this 2:2 in contract BAR you from being considered? No. Will the 2:2 affect your chances? Possibly. There are firms like Slaughter & May, Cleary Gottlieb and Sullivan & Cromwell, amongst others, who are rather stingy when it comes to this stuff. They could pass you up for a candidate with a...- Kola
- Post #4
- Forum: General Discussion
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TCLA General Discussion Thread #2 (2021)
Jones Day by any chance?- Kola
- Post #1,235
- Forum: Applications Discussion
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TCLA General Discussion Thread #2 (2021)
PE should be seen as an industry that the firms acts within - like Oil & Gas, Projects, Chemicals, or Real Estate. M&A should be seen as a service that the firm provides, like debt finance or litigation. Services cater towards industry, which is of course broad. So, PE is not a form of M&A, but...- Kola
- Post #1,218
- Forum: Applications Discussion
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2020-21 Vacation Scheme Applications Discussion
N/A Argh, this gave me PTSD flashbacks to one of my interviews where they asked a similar question. Yours was an even tougher one though! What did you say to their response?- Kola
- Post #19,943
- Forum: Applications Discussion
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2020-21 Vacation Scheme Applications Discussion
Huge congratulations! Couldn't have happened to a better person, you have got to be one of the kindest and most wholesome people on this forum, and I am so so happy for your success!! Make sure to celebrate accordingly ;)- Kola
- Post #19,808
- Forum: Applications Discussion
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2020-21 Vacation Scheme Applications Discussion
Sidley right? What were the best and worst things about the firm? What was the overall vibe like?- Kola
- Post #19,587
- Forum: Applications Discussion
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2020-21 Vacation Scheme Applications Discussion
What is the point of a diversity access scheme if you're not even going to let the candidates who applied get their foot in the door? :rolleyes:- Kola
- Post #19,485
- Forum: Applications Discussion
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2020-21 Vacation Scheme Applications Discussion
Amazing, congrats! Will you be able to accept all 4, or do some clash, in which case, which ones will you pick?- Kola
- Post #19,447
- Forum: Applications Discussion
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2020-21 Vacation Scheme Applications Discussion
To add: Vault (like Legal Cheek but for American firms, or more specifically, firms in America) Firm (ALM) Annual Reports (good for finding out the closest competitors of, and financial information for, American firms). Not many people seem to know about this, so here is an example for Jones...- Kola
- Post #19,435
- Forum: Applications Discussion
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2020-21 Vacation Scheme Applications Discussion
As a law student, I feel obligated to say 'it depends'. But, tbh, that is probably the best answer here. It entirely depends on the firm and their application form. Ropes & Gray only had one question on their application this year, and I was able to complete that within an hour. Firms like...- Kola
- Post #19,429
- Forum: Applications Discussion
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2020-21 Vacation Scheme Applications Discussion
Amazing, congrats!- Kola
- Post #19,257
- Forum: Applications Discussion
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Two Questions About Becoming a Paralegal
I was contacted by a recruiter who encouraged me to send my CV for paralegal roles at City firms. I have two lingering questions: 1. I would assume it is okay, but just to check: if you have secured a Training Contract from firm A, is it okay to work as a paralegal for firm B (contractual terms...- Kola
- Thread
- Replies: 2
- Forum: Applications Discussion
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2 Questions About Becoming a Paralegal
I was contacted by a recruiter who encouraged me to send my CV for paralegal roles at City firms. I have two lingering questions: 1. I would assume it is okay, but just to check: if you have secured a Training Contract from firm A, is it okay to work as a paralegal for firm B (contractual terms...- Kola
- Thread
- Replies: 7
- Forum: General Discussion
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How accurate are ROF and Legal Cheek rankings/Glassdoor reviews?
The problem with ROF is that the site's own culture is pretty toxic. It is filled with lawyers and trainees trying to come up with ways to deprecate a firm which, while being admittedly quite funny sometimes, doesn't really provide an accurate representation of a firm outside of some exceptions...- Kola
- Post #4
- Forum: General Discussion
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2020-21 Vacation Scheme Applications Discussion
To answer your first question, higher leverage is great for corporate departments, but a smaller team is preferable where the issue requires really complex and advanced knowledge e.g. specialist tax issues. In that scenario, having only one partner on the deal or issue is what law firms...- Kola
- Post #17,109
- Forum: Applications Discussion