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

[AAA_a]

Completed the Watson Glaser test for HL on Dec 6 and heard nothing since. Anyone in the same position? Not sure if I should email GR to ask for an update.

 

[BRo]

Has anyone received a PFO post-VI for Weil?

 

[BRo]

Has anyone received a PFO post-VI for Weil?

To clarify, submitted the VI on 14 Jan… is all hope lost?

 

[AspiringTrainee]

To clarify, submitted the VI on 14 Jan… is all hope lost?

I wouldn’t say so. Although I don’t know what Weil’s timings are like, other firms sometimes take longer than a month for them to get back to you. For now, it’s not a PFO until it’s a PFO.

 

[ZaraB]

Hey guys congratulations on progressing to AC! May I know how are you guys preparing for it?

Hey! Thank you very much! I am trying to prepare for the fact finding exercise as if it were a case study taking into account MB’s strengths and doing as much research into the firm as possible! How about you?

 

[M&Amakesmyday]

How long does it usually take for White & Case to get back post-VI?

 

[TCApp2021]

The use of this in financial press is loose, so be mindful of how any given bit of commentary is written. But

A 'de-SPAC' refers specifically to the M&A deal whereby the SPAC takes on its previously private target co.; it's the consummation of the investment into an actual operating company, which then becomes listed (mechanics will vary somewhat).

A SPAC deal is often this, but can also mean the IPO of the SPAC itself.

In some cases, a 'SPAC deal' may also be in reference to the 'private investment in public equity' (PIPE) transactions often used to close out a de-SPAC; basically if the SPAC only has, say, $200mm but target value is $1bn, investment banks will underwrite or subscribe the remaining $800mm to close the deal in exchange for fresh equity which usually is issued shortly following close of the merger.

Again always be conscious of context because the writing can have a bit of slippage (though commentary on PIPEs will usually make it clear it's a PIPE). In any case it should in most cases be clear what kind of transaction is being discussed.

Thank you!

 

[aspiringlawyer123_]

Out of curiosity - how many hours a day do people spend preparing for an AC?

 

[AspiringTrainee]

Out of curiosity - how many hours a day do people spend preparing for an AC?

I don’t think you should look at it from that perspective personally as it may lead into a false sense that hours you have committed leads to varying rates of success.
Personally, for some of my ACs, as I often had to work as well, I would try do 2-3 hours in the evening in the run up (maybe 8-10 hours total).

 

[aspiringlawyer123_]

I don’t think you should look at it from that perspective personally as it may lead into a false sense that hours you have committed leads to varying rates of success.
Personally, for some of my ACs, as I often had to work as well, I would try do 2-3 hours in the evening in the run up (maybe 8-10 hours total).

I didn’t mean how much you should, I just wanted to see the variation!

 

[AspiringTrainee]

I didn’t mean how much you should, I just wanted to see the variation!

Oh right! My bad I misread that 😅.

 

[mariistm]

I just logged onto my TLT portal and it says my application status is withdrawn even if I didn’t withdraw it!! Is that a pfo?

 

[iolitelegal]

Has anyone out there completed the Withers assessment of strengths? I'm looking for preparation tips. Thanks!

 

[corplaw123]

Hi, if anyone has any experience of a first-stage interview at Gibson Dunn, I would really appreciate any tips! Thanks

 

[Jaysen]

Hi everyone, I've just finished my cycle of applications and excited (and in disbelief) to say that I've been offered two Training Contracts and a vacation scheme this cycle. It's going to be a difficult decision, but one that I never thought I'd have to make.

This was my third cycle, and I was rejected from every firm I applied to last year at the application stage, but I can really say that TCLA was pivotal to my progress this year and I would like to thank every one of you, especially @Jaysen and @Jessica Booker for this platform and for all your help. I could truly never have done it without the materials and support. I'm usually a bit of a lurker in the forum, but I went through it a LOT (perhaps obsessively) and it would often help me calm down before an interview.

To those of you still in the heat of the cycle, I wish you all the best of luck! It's such a stressful process, but you're all such strong people and I believe in you.

P.S. What is the process for uploading interview / application experiences?

Really happy for you, well done 😊. I will drop you a PM!

 

[sxw517]

Hi, if anyone has any experience of a first-stage interview at Gibson Dunn, I would really appreciate any tips! Thanks

Congrats, may I ask when you applied and is this for summer vac?

 

[Sfernan21]

Hi, if anyone has any experience of a first-stage interview at Gibson Dunn, I would really appreciate any tips! Thanks

Be yourself, prepare detailed answers to predictable questions and smile. You will be absolutely fine!

 

[corplaw123]

Be yourself, prepare detailed answers to predictable questions and smile. You will be absolutely fine!

Thank you very much! This will be taken on board for sure

 

[corplaw123]

Congrats, may I ask when you applied and is this for summer vac?

Hi, this was for the summer vs and I applied at the end of January

 

[vacschemesforeveryone]

Just a random thought but, has anyone done the Travers Smith winter scheme and can confirm you literally get paid £750 for a week?
More generally, does anyone have any thoughts on why the massive discrepancy between TS and the usual £450 that firms pay per week of vacation scheme?