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Message: <blockquote data-quote="George Maxwell" data-source="post: 110453" data-attributes="member: 17165">Hey [USER=18282]@hungry_for_TC[/USER],This is a great question. I empathise with your anxiety about this as I was a non-law student too. I completed two HSF scenario interviews during my vacation scheme AC and not only did I rely on my commercial awareness heavily, but I felt that this was a decisive factor in me ultimately being successful. In terms of what you should be aiming for, I think I was only asked once (not in my HSF interview) about a specific ongoing commercial story (Gamestop) and what my thoughts were on it.Broadly speaking, your aim should be to develop your technical knowledge to the point where you are comfortable discussing and using basic commercial terminology. In terms of an approach, I found keeping up-to-date with commercial news (e.g., reading the FT/watching Bloomberg) to be an easier (and more natural) way of doing this than just revising off websites like investopedia.com.<a href="https://www.thecorporatelawacademy.com/forum/threads/tcla-vacation-scheme-applications-discussion-thread-2021-22-1.4197/post-109426" target="_blank">This post</a> outlines the resources that I used when I was applying, which I really do think are fantastic. Watson's Daily and Jake Schogger's Training Contract Handbook are solid places to start (and I can't recommend them enough). <a href="https://www.youtube.com/watch?v=4UTzk6UsLA8&t=30s" target="_blank">This video</a> from A&O gives a really good introduction to Corporate M&A terminology. There are also a number of other YouTubers who are useful, such as<a href="https://www.youtube.com/watch?v=WBHzCDgEtVQ" target="_blank"> this guy</a>. I watched these sorts of videos when I was preparing.In terms of answering some of the worries that you have.<ul> <li data-xf-list-type="ul">Personally, I would advise you to have some idea about basic principles of contract law. Even as a non-law student this might be expected of you (and even if not- this is a fantastic - and not too difficult - way to wow you interviewers).</li> <li data-xf-list-type="ul">It is difficult to answer (definitively) in the abstract how much your interviewers might expect you to know. All I would say is that prepping little and often, with the resources I mention above, in addition to being willing to go above and beyond, will stand you in very good stead.</li> <li data-xf-list-type="ul">In terms of further resources which really are worth exploring, TCLA's courses are awesome (in particular the Private Equity course) and there are a number of posts, particularly by [USER=5505]@Anon08[/USER], which might help give you further guidance on commercial awareness preparation- but some of which are only accessible as a Premium/Gold member.</li> </ul>I hope that helps.Please do let me know how your applications progress and I would be more than happy to answer any follow-ups you might have too!</blockquote>

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