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<blockquote data-quote="Daniel Boden" data-source="post: 72934" data-attributes="member: 487">Sounds like you're off to a great start! I'd just explain exactly what you have just said there <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />E.g. &quot;To answer this question, I think the firm's competitors depend on the different practice areas as one law firm may be a competitor in one area but not in another one. For instance, SH is strong in asset finance and so I would say that its competitors in this area are firms A, B and C however in another of the firm's strengths such as commercial litigation and arbitration, I believe that its competitors are X, Y and Z...&quot;I think as long as your answer demonstrates these nuances and states that it might be too simplistic to definitively say firms 1, 2 and 3 are SH's top competitors then you are showing a well-researched and carefully thought out answer <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />In terms of narrowing down the competitor list, I would choose the firms that are in the same band/tier as SH or possibly firms in the tier/band above if you think appropriate as those will be the firms that SH is competing with for work in my experience.</blockquote>

[QUOTE="Daniel Boden, post: 72934, member: 487"] Sounds like you're off to a great start! I'd just explain exactly what you have just said there :) E.g. "To answer this question, I think the firm's competitors depend on the different practice areas as one law firm may be a competitor in one area but not in another one. For instance, SH is strong in asset finance and so I would say that its competitors in this area are firms A, B and C however in another of the firm's strengths such as commercial litigation and arbitration, I believe that its competitors are X, Y and Z..." I think as long as your answer demonstrates these nuances and states that it might be too simplistic to definitively say firms 1, 2 and 3 are SH's top competitors then you are showing a well-researched and carefully thought out answer :) In terms of narrowing down the competitor list, I would choose the firms that are in the same band/tier as SH or possibly firms in the tier/band above if you think appropriate as those will be the firms that SH is competing with for work in my experience. [/QUOTE]

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