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Aspiring Lawyers - Applications & General Advice
Applications Discussion
TCLA Direct Training Contract Applications Discussion Thread 2024-5
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<blockquote data-quote="Ram Sabaratnam" data-source="post: 214777" data-attributes="member: 36738"><p>Hiya [USER=37011]@AnAnonymousDuck[/USER] </p><p></p><p>Great question, and it’s one that often comes up when candidates are trying to understand how firms like Slaughter and May operate internationally.</p><p></p><p>When it comes to identifying a firm’s competitors, the most helpful approach is to focus on practice area strengths, client base, and deal type, rather than just prestige or size. I've quoted a post by Andrei, which perfectly sets out how you can go about this.</p><p></p><p>In terms of your question about international outlook, I think you’re right to be thinking beyond just office locations. In fact, I'd go further and argue that looking at a firm’s global footprint (i.e. how many offices it has all over the world) is actually not a very good indicator of how international the firm is. A firm can have 20+ offices all over the world (e.g. many swiss vereins work this way), and yet those offices only advise on domestic law and rarely collaborate across borders. In such cases, it would be odd to think that a firm's work is truly international in substance. By contrast, firm like Slaughter and May (despite their limited physical presence) often advises on matters with a heavy international element. So the better indicators of a firm's international outlook are: </p><ul> <li data-xf-list-type="ul">How often the firm’s work involves<em> cross-border elements</em>;</li> <li data-xf-list-type="ul">The firm's <em>client base</em> (multinationals, global banks, sovereigns, etc.)</li> <li data-xf-list-type="ul">The jurisdictions and sectors frequently mentioned in their deal highlights</li> </ul><p>Hope that helps!</p></blockquote><p></p>
[QUOTE="Ram Sabaratnam, post: 214777, member: 36738"] Hiya [USER=37011]@AnAnonymousDuck[/USER] Great question, and it’s one that often comes up when candidates are trying to understand how firms like Slaughter and May operate internationally. When it comes to identifying a firm’s competitors, the most helpful approach is to focus on practice area strengths, client base, and deal type, rather than just prestige or size. I've quoted a post by Andrei, which perfectly sets out how you can go about this. In terms of your question about international outlook, I think you’re right to be thinking beyond just office locations. In fact, I'd go further and argue that looking at a firm’s global footprint (i.e. how many offices it has all over the world) is actually not a very good indicator of how international the firm is. A firm can have 20+ offices all over the world (e.g. many swiss vereins work this way), and yet those offices only advise on domestic law and rarely collaborate across borders. In such cases, it would be odd to think that a firm's work is truly international in substance. By contrast, firm like Slaughter and May (despite their limited physical presence) often advises on matters with a heavy international element. So the better indicators of a firm's international outlook are: [LIST] [*]How often the firm’s work involves[I] cross-border elements[/I]; [*]The firm's [I]client base[/I] (multinationals, global banks, sovereigns, etc.) [*]The jurisdictions and sectors frequently mentioned in their deal highlights [/LIST] Hope that helps! [/QUOTE]
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Applications Discussion
TCLA Direct Training Contract Applications Discussion Thread 2024-5
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