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

[Rob93]

What are peoples thoughts on how many reasons you should give on why X firm in an interview context? I decided on practising by giving 2 reasons, however my mentor said I should do 3. I am just conscious of talking for too long. What do you guys things?

If you have three things that are meaningful to you, prepare three things and focus on whatever is most important - if the two things you've prepared are really your key drivers, I personally wouldn't spend time on a throwaway point or something that is clearly an afterthought.

If the concern is running over, focus on getting comfortable delivering the key points succinctly and coherently without rushing through.

 

[skmx]

Anyone who has had the cms ac, could you clarify if the interview was competency or situational/scenario? Thank you

 

[amerlin2022]

Anyone heard from Simmons post VI??

 

[S87]

May ask something to the people interested in PE?
Recently there has been a massive shopping spree of British companies by US PE funds. Do US funds pay taxes on these acquisitions?

 

[Asil Ahmad]

May ask something to the people interested in PE?
Recently there has been a massive shopping spree of British companies by US PE funds. Do US funds pay taxes on these acquisitions?

Yes as far as I know PE firms are subject to the carried interest which is subject to CGT (Capital gains tax) so when invest in a company and you buy assets of that company and if you as a PE firm make a profit then you must pay CGT on the profit made.

 

[Asil Ahmad]

But my knowledge of PE is very basic and very limited and I have not had an AC yet so someone who has done an AC will have more knowledge than me on PE. @S87

 

[jennifer]

anyone heard back from skadden post TI?

 

[John Travoni]

Anyone still waiting to hear back from Skadden post application?😬

 

[21wajsz]

Skadden PFO in the middle of exams - very brutal but efficient way of not caring too much about it haha

 

[em311]

anyone heard back from skadden post TI?

The TIs are running until the end of the week so we'll be notified of outcomes next week

 

[AspiringTrainee]

Skadden PFO in the middle of exams - very brutal but efficient way of not caring too much about it haha

Join the party 🎉

 

[John Travoni]

The TIs are running until the end of the week so we'll be notified of outcomes next week

Because I haven’t heard back yet, can I assume it’s a PFO?

 

[Asil Ahmad]

Yesterday I attended the Travers Smith event with Vantage.

A few things the graduate recruitment said.

1) Their application deadline is on Monday night so on 23:59 on the 11th. But she did say don't submit it on the night of the deadline as the system tends to be slower towards the deadline because of so many people applying.

2) She said that they received 2K applications for vacation scheme application last year and if you reached an interview or done an interview at Traves Smith before then you can't apply again.

3) She said when discussing a deal it can be from a few years ago as long as you have an interest in that deal.

4) Keep the cover letter no longer than 1 side of A4 paper.

 

[GXA123]

for people who were successful applying to White & Case is it better to write the extra curricular activities and events questions in bullet points or not?

 

[A92167!8]

Just wondering, which firms can you not reapply to after having reached AC/interviews?

 

[M991]

for people who were successful applying to White & Case is it better to write the extra curricular activities and events questions in bullet points or not?

I got an interview with W&C last year, and I wrote my extracurricular activities & events in bullet points. For each activity/event, I added a sentence or two about what I learnt/what skills I gained.

 

[Asil Ahmad]

Just wondering, which firms can you not reapply to after having reached AC/interviews?

HSF say you have to wait 2 years. Travers Smith say no. I think most law firms have this rule but not all law firms.

 

[John Travoni]

Just wondering, which firms can you not reapply to after having reached AC/interviews?

Linklaters is definitely one of them and so is Sidley Austin.

 

[A92167!8]

HSF say you have to wait 2 years. Travers Smith say no. I think most law firms have this rule but not all law firms.

Lol overthinking much, but now got the random stress that I'll never make it past an AC stage and run out of firms or something lol!

 

[Asil Ahmad]

Lol overthinking much, but now got the random stress that I'll never make it past an AC stage and run out of firms or something lol!

Don't worry my advice is when you reach an assessment centre I suggest book in a mock interview with TCLA if you think you are not making it past assessment centres. If I reached an assessment centre I would do that.