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Interview Experiences 2021 - 2022
Norton Rose Fulbright Interview 2021
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<blockquote data-quote="BK" data-source="post: 81380" data-attributes="member: 7354"><p><strong>Please state the month/year you interviewed at the firm.</strong></p><p>May 2021</p><p></p><p><strong>Please specify what the interview was for.</strong></p><p>Direct Training Contract 2023</p><p></p><p><strong>Please give an overview of the day with approximate timings.</strong></p><p>Prior to the interview, there was a Q&A session on 24th May. The Graduate Recruitment team gave some really good advice, including to always think of issues from a PR perspective, which ended up being handy for both the case study and partner interview. </p><p></p><p>10am Arrival and introduction with graduate recruitment </p><p>10:45am Case Study </p><p>11:30 Break </p><p>12:30 Negotiation </p><p>1:30pm Break </p><p>2:45pm Partner interview</p><p></p><p><strong>Please provide a summary of each assessment on the day with approximate timings.</strong></p><p></p><p>Case Study </p><p>We were given a powerpoint presentation to download with the background info and instructions. The CEO of a fictional company had given three options on ways to raise the company's profile. It was our task to choose one of these three options and give a 5-10 minute presentation on why we thought it was most appropriate (as well as why the other two were less so). </p><p></p><p>Negotiation </p><p>Again, we were given a powerpoint presentation with the information for our side, which involved a share purchase. My partner and I were then given 30 minutes to prepare (assessed by one associate), before returning to the virtual room with the other team to begin our negotiation (assessed by the same associate plus the associate that was assessing the other team). We also had to send in our team's private zoom chat. </p><p></p><p>Partner Interview </p><p>Focused heavily on what I had written in my application. Questions ranged from what I had learned from each work experience, to situational judgement questions, to commercial awareness.</p><p></p><p><strong>What is your best advice for each aspect of the assessment on the day? Please break this down for each assessment. This can include advice for preparation, as well as tips for the day.</strong></p><p></p><p>Case Study </p><p>Try to structure your presentation well. I gave a brief intro, stated the option I had chosen and then went through each factor (finance method, impact, revenue increase), explaining why my option was more appropriate than the other two. Without giving away the specifics of the case study too much, I also tried to throw in a bit of commercial awareness, for example how international expansion may not be most appropriate (despite being something the CEO was looking for) given cost competition from Asian manufacturers etc. </p><p></p><p>I focused heavily on ESG values and how shareholder value did not just mean profit, I also talked about goodwill and the benefits of longer term financing (remember cash flow is very important for how a business keeps running!). Overall, any of the commercial awareness books came in handy for this exercise. </p><p></p><p>Negotiation </p><p>It's really easy to have lots of plans for what you're going to say in this exercise, for example suggesting to keep time and make notes etc (so did I), but just remember that probably every candidate has read Jacob's negotiation article! So while it is very handy, it's probably a good idea to think of other ways to stand out. Before the assessment day, I had prepared a document with three boxes for each issue. Box 1 was for the best possible outcome for our client, Box 2 was a good option and Box 3 would be our 'take it or leave it' i.e. the bare minimum the client had asked for. I shared my screen with my partner and explained it and he suggested adding a fourth box which would be 'concessions' i.e. what we would use to bargain. In the end, I think this really showed our ability to collaborate. </p><p></p><p>When it came to the actually negotiation, I didn't feel like I had performed particularly well. Everyone was very assertive and well-prepared and I felt as though I spoke the least out of everyone and that I lost track of quite a few of the items we were talking about. In hindsight, I wish I had taken a couple of minutes to really read and focus on the points I was going to negotiate by myself prior to the actual negotiation. I think my performance in the other interviews ended up outweighing my not so good performance here. One thing I thought that the other team did really well was begin very friendly, but when it came to the last issue they were quite stern. They gave us an offer and we tried to counter it and they immediately responded that there was nothing more they could give (even though I'm sure there was). My partner and I were not so quick which probably gave away that we were able to accept their offer (which we did in the end).</p><p></p><p>Partner Interview </p><p>I had a general banking partner and an asset finance partner who focused on aircraft. I have work experience researching the airline industry so this proved handy for commercial awareness. I got asked about all the cases I mentioned on my application, so know them inside out! They asked me about one case, and the partner said he'd read a similar judgement recently and I asked him about it, so he was talking about that for a good 5 mins which wasted a bit of time and helped me build rapport with him. </p><p></p><p>I was also asked about a commercial news story, so I talked about carbon prices to which one partner asked me if I had read about the Shell judgement, which then led to a discussion on whether I think oil production should be more regulated, and whether NRF should support oil companies ethically speaking. I said that while they should do more to reduce carbon emissions, the revenue from oil projects is required to allow these companies to invest in more expensive renewables projects which they seemed happy with. </p><p></p><p>At the end, it was my turn to ask questions, so I directed some questions to the asset finance partner about the airline industry so I could drop in some commercial awareness, we talked about when the airline industry will return to normal/how asset finance dynamics have changed when it comes to lease negotiation etc. In general it was a really enjoyable interview.</p><p></p><p><strong>Were you successful?</strong></p><p>Yes</p></blockquote><p></p>
[QUOTE="BK, post: 81380, member: 7354"] [B]Please state the month/year you interviewed at the firm.[/B] May 2021 [B]Please specify what the interview was for.[/B] Direct Training Contract 2023 [B]Please give an overview of the day with approximate timings.[/B] Prior to the interview, there was a Q&A session on 24th May. The Graduate Recruitment team gave some really good advice, including to always think of issues from a PR perspective, which ended up being handy for both the case study and partner interview. 10am Arrival and introduction with graduate recruitment 10:45am Case Study 11:30 Break 12:30 Negotiation 1:30pm Break 2:45pm Partner interview [B]Please provide a summary of each assessment on the day with approximate timings.[/B] Case Study We were given a powerpoint presentation to download with the background info and instructions. The CEO of a fictional company had given three options on ways to raise the company's profile. It was our task to choose one of these three options and give a 5-10 minute presentation on why we thought it was most appropriate (as well as why the other two were less so). Negotiation Again, we were given a powerpoint presentation with the information for our side, which involved a share purchase. My partner and I were then given 30 minutes to prepare (assessed by one associate), before returning to the virtual room with the other team to begin our negotiation (assessed by the same associate plus the associate that was assessing the other team). We also had to send in our team's private zoom chat. Partner Interview Focused heavily on what I had written in my application. Questions ranged from what I had learned from each work experience, to situational judgement questions, to commercial awareness. [B]What is your best advice for each aspect of the assessment on the day? Please break this down for each assessment. This can include advice for preparation, as well as tips for the day.[/B] Case Study Try to structure your presentation well. I gave a brief intro, stated the option I had chosen and then went through each factor (finance method, impact, revenue increase), explaining why my option was more appropriate than the other two. Without giving away the specifics of the case study too much, I also tried to throw in a bit of commercial awareness, for example how international expansion may not be most appropriate (despite being something the CEO was looking for) given cost competition from Asian manufacturers etc. I focused heavily on ESG values and how shareholder value did not just mean profit, I also talked about goodwill and the benefits of longer term financing (remember cash flow is very important for how a business keeps running!). Overall, any of the commercial awareness books came in handy for this exercise. Negotiation It's really easy to have lots of plans for what you're going to say in this exercise, for example suggesting to keep time and make notes etc (so did I), but just remember that probably every candidate has read Jacob's negotiation article! So while it is very handy, it's probably a good idea to think of other ways to stand out. Before the assessment day, I had prepared a document with three boxes for each issue. Box 1 was for the best possible outcome for our client, Box 2 was a good option and Box 3 would be our 'take it or leave it' i.e. the bare minimum the client had asked for. I shared my screen with my partner and explained it and he suggested adding a fourth box which would be 'concessions' i.e. what we would use to bargain. In the end, I think this really showed our ability to collaborate. When it came to the actually negotiation, I didn't feel like I had performed particularly well. Everyone was very assertive and well-prepared and I felt as though I spoke the least out of everyone and that I lost track of quite a few of the items we were talking about. In hindsight, I wish I had taken a couple of minutes to really read and focus on the points I was going to negotiate by myself prior to the actual negotiation. I think my performance in the other interviews ended up outweighing my not so good performance here. One thing I thought that the other team did really well was begin very friendly, but when it came to the last issue they were quite stern. They gave us an offer and we tried to counter it and they immediately responded that there was nothing more they could give (even though I'm sure there was). My partner and I were not so quick which probably gave away that we were able to accept their offer (which we did in the end). Partner Interview I had a general banking partner and an asset finance partner who focused on aircraft. I have work experience researching the airline industry so this proved handy for commercial awareness. I got asked about all the cases I mentioned on my application, so know them inside out! They asked me about one case, and the partner said he'd read a similar judgement recently and I asked him about it, so he was talking about that for a good 5 mins which wasted a bit of time and helped me build rapport with him. I was also asked about a commercial news story, so I talked about carbon prices to which one partner asked me if I had read about the Shell judgement, which then led to a discussion on whether I think oil production should be more regulated, and whether NRF should support oil companies ethically speaking. I said that while they should do more to reduce carbon emissions, the revenue from oil projects is required to allow these companies to invest in more expensive renewables projects which they seemed happy with. At the end, it was my turn to ask questions, so I directed some questions to the asset finance partner about the airline industry so I could drop in some commercial awareness, we talked about when the airline industry will return to normal/how asset finance dynamics have changed when it comes to lease negotiation etc. In general it was a really enjoyable interview. [B]Were you successful?[/B] Yes [/QUOTE]
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