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TCLA Vacation Scheme Applications Discussion Thread 2021-22 (#1)

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sorry for the second memorandum question in a row guys, I'm just wondering if it's okay to use second person address in these? If I'm sending one to a client, would it be like 'it is advised that (client company name) should...' or can I just use 'you' in relation to the recipient? (AC preparation)
 
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@AvniD @George Maxwell @James Carrabino @Jessica Booker

What would you guys say are the biggest challenges and opportunities in the legal industry at the moment. I am talking about general awareness of the current and foreseeable market - so if you were perhaps the managing partner at a city law firm, what would be you top considerations currently. Would love to hear people's opinions.

I'll start - I was thinking: (1) Retaining talent and well being; and (2) for a UK firm, probably US rivals coming in and dominating some areas in London.
my thoughts (which by no means is informed and therefore may not be accurate)

1) decision making around investment into technology - too many types/how it makes them different to other firms using the same type of technology/how transferable it is across jurisdictions etc.

2) Managing overheads as effectively as possible with rising inflation

3) Anything around cyber security
 
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The Corporate Law Academy (TCLA) was founded in 2018 because we wanted to improve the legal journey. We wanted more transparency and better training. We wanted to form a community of aspiring lawyers who care about becoming the best version of themselves.

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