Featured Threads Archive
I'm pleased to say one of our long-time forum members, @Abstruser, has kindly agreed to answer any questions you have on this thread.
She is a future trainee at a Magic Circle law firm, and a first-class law graduate. She secured multiple training contract offers in her second cycle of applications as an international, non-EU student. She is currently studying the LPC.
You might want to use this thread to ask about how she worked on applications, went about developing commercial awareness or even tips for securing a first. Abstruser will be sharing her advice based on her own journey and experiences, but it's worth noting - there are many ways to approach all of these things and what works for one person might be different for another.
As you may have already seen via LinkedIn/email:
We’re running our first event, an intensive one-day training session to help you guys secure training contracts.
It’s not just us who will be teaching. We’ve brought together some super talented people across the profession to teach you about mergers and acquisitions, legal technology and how the City works.
We’ll also share our best advice for writing applications that stand out, give you access to detailed checklists on current commercial topics and provide one-to-one application feedback.
Ultimately, we hope the event will help you become an exceptional candidate.
It’s on Saturday 9 November 2019 in Central London.
As it’s a training session, tickets are very limited – so if you can’t make this crash course, we hope to invite you to the next.
We’re keen for this event to be open to all aspiring lawyers, which is why we’re also happy to launch the TCLA Scholarship Fund.
You can check out more details on the events page:...
We are currently experiencing some technical problems, which has caused a few messages that were sent in the past couple of hours to vanish. You might also see the message 'this connection is not private'.
This was caused by upgrading our hosting package and should take less than 24 hours to resolve. My apologies for any inconvenience in the meantime.
Welcome to the first commercial news update for August.
Commercial News Update: 7th August 2019
Topics covered this week are:
1. The London Stock Exchange Group’s Proposed Acquisition of Refinitiv (@ELA)
2. Enduring Hong Kong Protests Begin to Add to Economic Uncertainty (@LJ)
3. Saudi Arabia’s Sovereign Wealth Fund Investing in Babylon Health (@Sara Moon)
4. Managing Interest Rates in Uncertain Times (@Jaysen)
5. GlaxoSmithKline and Pfizer Consumer Health Merger (@Sairah)
6. The Falling Pound (@Alice G)
1. The London Stock Exchange Group’s Proposed Acquisition of Refinitiv @ELA
The London Stock Exchange Group (LSEG)...
I'm pleased to say Jessica Booker, a former graduate recruiter for a variety of magic circle firms, has joined our forum team.
You can use this thread to ask Jess any questions relating to the application and interview process. Jess will also be around to answer questions throughout the forum.
For more details about her background:
Jessica Booker started her career in graduate recruitment for law firms. Over nine years, she worked for three Magic Circle law firms and one regional law firm, focusing on bringing candidates through the recruitment process as well as campus marketing.
In 2014, Jess decided to work as a freelancer setting up her company Star Potential. Since then, she has worked on a variety of legal recruitment and employability projects for a wide range of law firms, universities and other organisations in the sector, like the Law Society.
I'm very grateful to everyone who participates in our forum, whether it's new members asking questions, longstanding members supporting the community, or future trainees sharing their own experiences. TCLA wouldn't be here without you guys.
With that in mind, I've been looking for a new system to reward members for regular participation and helpful contributions to the forum. We used to do this manually with our trophy system, however as the forum has grown, it has become too difficult to update trophies for individual members on a daily basis.
That's why I'm pleased to introduce TCLA Credits.
How does it work?
You may have already noticed a new tab on your navigation bar and next to your avatar displaying how many credits you have. From today, you will receive credits based on a very large variety of forum activities including:
- Creating a post
- Creating a thread...
The Aspiring Lawyer's Guide to Brexit - COURSE 3 IS NOW LIVE!
Brexit is messy. It’s large in scope, complex and in constant flux. It’s contentious and everyone has an opinion on it. It’s also not leaving the minds of businesses and law firms any time soon.
That makes Brexit a great topic for interviews, especially group interviews, debate-style questions and as a means to test your broader commercial awareness.
Our third course, the Aspiring Lawyer's Guide to Brexit, is a roadmap to what you need to know about Brexit for your interviews. It’s structured through a series of interview questions based on the impact of Brexit on businesses and law firms.
But this course also goes beyond the interview. It’s designed to provide you with a richer understanding of how commercial events impact law firms, both directly and indirectly through their clients.
Welcome to the first commercial news update for July.
Commercial News Update: 3rd July 2019
Topics covered this week are:
1. The bid for British Steel and problems facing the Steel Industry (@bugsy malone)
2. US-China Trade Truce at the G-20 Summit (@Jaysen)
3. Rise in Gold Investment (@Sairah)
1. The bid for British Steel and problems facing the Steel Industry (by: @bugsy malone)
On Sunday evening the deadline for bids to purchase British Steel past. The company collapsed in May after its owner, Greybull Capital, failed to secure a government loan of £75 million. If a buyer is not found then the...
Rather than thinking of any one employer in particular, I've been reflecting on what it is graduate recruiters want to see on applications generally. I feel there are a few main points to satisfy. Obviously, there are various degrees to which it is necessary to satisfy them, depending on the firm (I imagine a firm like Latham & Watkins will set a higher bar than a regional one).
Therefore, by way of discussion, the general idea I'm getting is that there are three main 'pillars' to the application process. Do feel free to correct me on this, as I'm far from experienced... this is just what I've glued together from my own applications and the experiences of friends who are further along than me:
1) Meet the academic requirements. Every single firm whose A-level requirements I did not meet rejected me. I had hoped that the shortcoming would be discounted based on the strength of the application in other areas, but that is seemingly not how it works....
I thought it would be interesting to see where our members are heading to this summer. A couple of trainees have also asked me if any TCLA members are heading to their firm this summer, so I can give a heads up. Feel free to also include the dates of your scheme.
In the meantime, you may find the following helpful:
- Convert your vacation scheme into a training contract: https://www.thecorporatelawacademy.com/convert-your-vacation-scheme-into-a-training-contract/
- Vacation Scheme Guide 2019: https://www.thecorporatelawacademy.com/the-vacation-scheme-guide/
- Vacation Scheme Diaries: https://www.thecorporatelawacademy....official-vacation-scheme-diaries-thread.1430/
- We are also currently posting daily tips on our LinkedIn page.
Welcome to the first commercial news update for June! We are still trying to keep our stories a little bit shorter and snappier for you all but do let us know what you think!
Commercial News Update – 5th June 2019
Topics covered this week:
- Trump’s ‘Substantial Trade Deal’ with the UK @Jaysen
- The Google Antitrust Investigation @Moni
- Trump’s Tariffs on Mexico @Alice G
- Italy’s Debt @Sara Moon
Trump’s “Substantial Trade Deal” with the UK @Jaysen
President Trump called the UK-US special relationship the “greatest alliance the world has ever known” on day two of his state visit to the UK. The US president’s comments came during a joint press conference with Theresa...
We are inviting applications to join our podcasting team!
Deadline: Friday 7 June 2019
This year, we established the TCLA podcast series: "Trainee Talk". We are now looking for two people to join our team!
Trainee Talk features interviews with future trainees, trainees and other members of the legal profession, as we try to uncover how they got to where they are and share the advice they have for aspiring lawyers.
Why become a member of the podcasting team?
- You will build relationships with a variety of stakeholders, which may include graduate recruitment, trainees and associates at commercial law firms
- You will be given access to TCLA Premium Version 2.0
- You will be pivotal in growing TCLA's userbase from a monthly reach of...
Why have you chosen law over another career or what has attracted you to commercial law are all iterations of the same question and you're likely to be asked it in your next application. However, what is the question broadly asking you and how can you go about answering it are considerations you must take into account before delving in.
In fact, your route into law may not have been definite and certain. You may have mulled it over for a little while or been enticed by money. Nevertheless, it’s important to break down all the little motivations that keep you going and what you think will result in your eventual satisfaction within this field of work. Below, I have outlined a few.
1) Considering motivations
I believe that motivation for a legal career can broadly fit into two categories:
- experience in the legal world
- internal motivators
Commercial Awareness Update: 1st May 2019
Another month has flown by! The topics covered this week are:
1. Second Belt and Road Forum (by @kitk)
Last week, over 5,000 delegates attended the second Belt and Road Forum held in Beijing.
This forum is about China’s Belt and Road Initiative (BRI). Launched in 2013, the BRI aims to connect Asia, Africa and Europe via both land corridors and sea routes. This involves the funding of infrastructure projects, like the building of railways and ports, in various countries around the world.
At last week’s forum, US$64 billion in deals were signed and 283 “practical outcomes” had been achieved. Also, 37 world leaders joined Chinese President Xi Jinping in signing a...
The other day I spoke to someone who went through three recruitment rounds before finally being offered a training contract with a great firm. I’m on my second (likely unsuccessful) round and I’m trying not to give up hope, so I find stories like this really inspiring and would love to hear them.
Current and future trainees, did anyone have to go through more than one recruitment round to get a training contract? What happened? Why do you think you were ultimately successful?
Looking forward to hearing some inspiring stories!
Cover letters can be the bane of your existence or a blessing sent from heaven, depending on your perspective. It is a blank canvas upon which you can dictate how much you share and what you share with the employer which in many ways is brilliant. In others, such as considering how to structure it and what to include, it can be somewhat daunting.
The following covers some of the main considerations of a legal cover letter, whether you’re applying for paralegal roles or a training contract.
- Consider the purpose of the letter
Like almost all my other tips, I would suggest that you stop and think about what you’re trying to achieve with this kind of writing. Here are a few considerations (taken from https://law.yale.edu/student-life/c...udent-job-seekers/cover-letter-advice-samples) :
A good cover letter:
- Demonstrates your writing skills;
- Tells the employer who you are (e.g., a first-year...
Hello and happy Sunday! I hope this post finds everyone well, whatever you might be up to if it is exams, applications or vac schemes! My next writing topic is about acing written exercises in assessment centres, for anyone who might have TC assessments in the near future.
Naturally, your writing will be guided by the topic or the nature of the task, but I hope to provide some general tips that can be applied to the majority of these exercises.
1) Know what the exercise is asking of you, before writing
This step is pretty self-explanatory. However, with every comprehension exercise, you will be marked down badly if you don’t focus on the most important parts of the task. Using the example of a Simmons & Simmons written assessment; the task involved writing a report on which building, out of three, you would recommend that the law firm moves into. The brief gave a few pointers on what Simmons partners wanted from their office space, including indoor and outdoor...
I have been asked by @Jaysen to create this thread to summarise what I believe are the big stories in The Lawyer and Legal Week every week. I will aim to try and do at least one summary per week given I know that many of us don't have premium subscriptions to both so I will try to ensure you guys can get the key articles from both publications!
I hope you find this useful and any feedback please just comment below and I'll do my best to improve week by week!
Hope you have all been well, and welcome to the first commercial news update in April! Happy reading!
Commercial News Update - 3rd April 2019
Topics covered this week:
1. Progress in US-China trade talks – @Abstruser
2. Approval of Draft EU Copyright Directive – @kitk
3. Jaguar Land Rover’s victory in the Chinese Courts - @bugsy malone
4. The Mueller Report – @Angel
(Personal views of authors may be implied)
Progress in US-China trade talks (by @Abstruser)
Last Friday, China and the US concluded the latest round of trade talks between the two countries. US Treasury secretary Steven Mnuchin described the talks, which took place in Beijing, as “candid and constructive”, and negotiations are expected to continue...
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