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Aspiring Lawyers - Applications & General Advice
Applications Discussion
Recent business story question
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<blockquote data-quote="M&amp;ALawyer" data-source="post: 51398" data-attributes="member: 2647"><p>I did a vacation scheme at Skadden last summer, and definitely encountered that questions somewhere in the process. I remember it being at the AC, although things may have changed. </p><p></p><p>A business story can honestly be so broad, you can talk about anything from sustainability, increasing shareholder activism, to emergence of technology companies. From your answer it isn't clear to me what theme/topic the business story you have chosen is, but rather what industry/sector you want to focus your story on?</p><p></p><p>I would first think about an important business story (it can be almost anything), then <u>try to consider briefly</u> how it applies to Skadden's <u>practice areas</u><em>/</em><u>clients/business strategy</u> rather than sectors. I would reiterate the business story itself should be most important, and why it interests you. Linking it to Skadden will definitely get you those bonus points but should not be the main focus, as thats not what they asked.</p><p></p><p>You mentioned Skadden doesn't have much activity in Retail. They are not a sector-focussed firm but off the top of my head I can think of a few deals they worked on in retail M&A other than the LVMH one so that would be a perfectly valid answer. But there must be a topic in retail that you're addressing (like decline in CBD's, digitalisation of retail, increase in out of town retail complexes/pick-ups). </p><p></p><p>If its any anecdote I think my topic was under sustainability and its impact on financial services, and they seemed to like it despite it having arguably little importance on their main operations.</p><p></p><p>Hope that helps!</p></blockquote><p></p>
[QUOTE="M&ALawyer, post: 51398, member: 2647"] I did a vacation scheme at Skadden last summer, and definitely encountered that questions somewhere in the process. I remember it being at the AC, although things may have changed. A business story can honestly be so broad, you can talk about anything from sustainability, increasing shareholder activism, to emergence of technology companies. From your answer it isn't clear to me what theme/topic the business story you have chosen is, but rather what industry/sector you want to focus your story on? I would first think about an important business story (it can be almost anything), then [U]try to consider briefly[/U] how it applies to Skadden's [U]practice areas[/U][I]/[/I][U]clients/business strategy[/U] rather than sectors. I would reiterate the business story itself should be most important, and why it interests you. Linking it to Skadden will definitely get you those bonus points but should not be the main focus, as thats not what they asked. You mentioned Skadden doesn't have much activity in Retail. They are not a sector-focussed firm but off the top of my head I can think of a few deals they worked on in retail M&A other than the LVMH one so that would be a perfectly valid answer. But there must be a topic in retail that you're addressing (like decline in CBD's, digitalisation of retail, increase in out of town retail complexes/pick-ups). If its any anecdote I think my topic was under sustainability and its impact on financial services, and they seemed to like it despite it having arguably little importance on their main operations. Hope that helps! [/QUOTE]
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