Reply to thread

Message: <blockquote data-quote="j.s.cox" data-source="post: 126123" data-attributes="member: 20454">Norton Rose Fulbright Vacation Scheme Day 8Banking AssessmentThis assessment was largely okay! There was a multiple choice section as well which I think made it seem a lot less scary. I feel like I had a definite advantage in this assessment as the task we had to do is something I have been exposed to constantly by the nature of being in a project finance seat. Other people came out feeling very time pressured and confused, but I actually finished with time to spare. Whilst the individual assessments have been of similar difficulty, I think the disputes assessment was more intuitive if you have studied law, and the banking assessment was more intuitive if you had been sat in a projects seat. Overall, I'm glad the individual assessments are over!Work ShadowingToday I was set a benchmarking task. This is where you compare a term sheet against a contract and note where each term can be found and if there are any issues to flag. I've found it to be a very useful task for finding where everything is located in a facilities agreement and breaking down the proofreading that I have to do. It's quite a time intensive task, but the associate that set this task for me has given me a strict time limit to see how much I can get down in a limited amount of time. She is then going to go through what I have done and see what I thought about the task. It is so lovely that people have gone out of their way to ensure I am able to learn as much as possible in such a short amount of time. I also continued a business development task that I was set by a trainee. This has been interesting to understand important business considerations and the work that goes into ensuring practice areas continue to get work. I plan to send this work in tomorrow.Coffee Catch-UpsThis morning I came in early to talk to an associate who is currently on a client secondment. It was such an interesting conversation as I learned that lawyers who have different specialisms genuinely come at the work they do from different perspectives. For instance, this associate has a disputes background but is working on transactional matters during her secondment. This means that she has been scrutinising terms of certain documents in a very legal way rather than a commercial way. In contrast, another lawyer I spoke to said that they tend to approach the work they do from a very commercial lens, essentially making commercial agreements legally binding. I really enjoyed this analogy. The associate also highlighted this difference by explaining that terms such as "reasonable endeavours" and "all reasonable endeavours" have been found by the court to mean different things. This is something that a disputes lawyer is far more likely to pick up when proofreading than a transactional lawyer.My second catch up was with an associate who worked on the Dogger Bank wind farm financing. This was absolutely fascinating as it helped me understand the huge scale of the project in more detail. This associate explained to me that a large part of this project relied on organisation and managing the project rather than complex legal documents (although this was also part of the deal). They also explained that there are likely to be supply chain issues in the future regarding renewable energy and that we will have problems recycling and reusing materials from battery storage solutions. He said that interconnectors are going to be important in the future as surplus energy can then be shared around the globe, for example, Ireland is likely to become a net exporter of energy as the wind farms they have will generate more energy than the people in the country use. This is why the Greenlink interconnector is so important. We also discussed how a main function of project finance is about risk allocation and spreading the risk as lenders do not get paid until the project is up and running. I've had the best day today and am so sad that it is coming to an end! I started off the two weeks being so nervous at how long the scheme was, but now I wish it was longer. Hopefully I get the TC so I can come back here very soon! I'm also still looking for my watch (for the minority of you who are concerned about that).Thanks for following my journey!</blockquote>

Verification: Our company is called, "The Corporate ___ Academy". What is the missing word here?

Top Bottom

Search

Search

Reply to thread