TCLA Vacation Scheme Applications Discussion Thread 2023-24

[ljms]

Just went through Skadden's assessment centre today – had back to back interview and group exercise. A partner totally put me on the spot for a solid 40 minutes, firing off one commercial question after another. The group exercise part was okay, not perfect but not too bad. Does anyone know how many folks do they typically bring on board for their vac scheme?

What sort of questions were they asking?

 

[IwantaVacSchemePlz]

Covington AC just received now - applied on deadline

 

[user9809]

Covington AC!

 

[Jessica Booker]

Anybody happen to have any final words of advice/insight for the Freshfields AC?

Know your application inside out - any claim you have made in it about your motivations or skill set, you could be questioned on, so remembering what you wrote is pretty important.

 

[Callumw123]

RPC AC !!!🤩🤩🤩 Oh god, I need to start preparation ASAP

Well done!! Do you have any tips for passing the WG? I've just messed up one test for another firm so I'm kind of nervous for this one.

 

[hungry_for_TC]

Hi everyone, where could I go to get my CV, applications and so forth reviewed?

any response to this?? I'm also interested!!

 

[jplaw1010]

how long does it take to hear from BCLP post-test?

 

[helga_p]

Just went through Skadden's assessment centre today – had back to back interview and group exercise. A partner totally put me on the spot for a solid 40 minutes, firing off one commercial question after another. The group exercise part was okay, not perfect but not too bad. Does anyone know how many folks do they typically bring on board for their vac scheme?

Would you be able to please specify what kind of commercial questions? Thanks!
And good luck post AC!

 

[lawtrainee]

Any covington PFOs?

 

[Hana (aaah I want a TC)]

Any covington PFOs?

No(t yet). Applied on the deadline but I don't know if they are rolling or not. I didn't get any tests or AC yet

 

[BuddingLawyer1211]

This is probably a really stupid question but what happens to a target company after an acquisition? Like, do they just cease to exist, become a subsidiary or what? 😭😭😭

 

[thenublawyer]

This is probably a really stupid question but what happens to a target company after an acquisition? Like, do they just cease to exist, become a subsidiary or what? 😭😭😭

Definitely not a stupid question - I think it really depends on the arrangements? If it is a share sale, then the target will simply be a wholly owned subsidiary, but if it its an asset sale, then it could be that the target's business operations are merged under the parent company's business (e.g cease to exist).

 

[Heartofglass]

This is probably a really stupid question but what happens to a target company after an acquisition? Like, do they just cease to exist, become a subsidiary or what? 😭😭😭

There are two types. For merger, they usually form a new legal entity and the two previous entity would cease to exist. For acquisition, usually an acquirer will obtain a controlling stake in a target company thus turning the target into a subsidiary.

P/s: in law firm case study, I feel like they would be more focusing on the Acquisition which is a client of theirs either seeking to buy or being offered to be bought

 

[law2022x]

No(t yet). Applied on the deadline but I don't know if they are rolling or not. I didn't get any tests or AC yet

They’re not rolling and some people who applied on deadline got an AC. I haven’t but I’m still holding out hope until tomorrow afternoon.

 

[axelbeugre]

Anybody happen to have any final words of advice/insight for the Freshfields AC?

Hey @VacayScheme,

Congratulations for obtaining the assessment centre.
I have shared some tips on assessment centres in general here which might be helpful to you to: https://www.thecorporatelawacademy....ns-discussion-thread-2023-24.8037/post-164067

Good luck for your interview!

 

[axelbeugre]

Covington AC just received now - applied on deadline

Congratulations!! This is amazing news!!

 

[cwhite233]

This is probably a really stupid question but what happens to a target company after an acquisition? Like, do they just cease to exist, become a subsidiary or what? 😭😭😭

Agreed on the answers here so far. Perhaps also worth adding that in a PE context, the Target or the key operating company in the Target's structure would then be known as a portfolio company of the PE sponsor (firm) that acquired it. It's useful to think of this in terms of structure charts too where you can see the change in ownership once the target is acquired, if that makes sense! If all the Target's shares are being acquired, it will simply exist under a new ownership structure.

 

[Kai]

Is there a VI element to Baker's test?

Hi, yes, if I remember well it was 3 or 4 questions (done it last year)

 

[Happycloud100]

Anyone heard from Gibson Dunn, V&E, MoFo, or Covington?

Covington ACs out for a few people I know (and nothing from the rest)

 

[pb15]

Does anyone know when we should expect to hear by for V&E or MoFo?