TCLA Vacation Scheme Applications Discussion Thread 2023-24

Jessica Booker

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Graduate Recruitment
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Aug 1, 2019
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Rebecca Black GIF by BuzzFeed
This type of post is not constructive and is purposely trying to rile people up. It is also has a dismissive tone, something others have picked up on.

This is not the type of attitude we want in the forums, and therefore please be more considerate with future posts. As you are relatively new to posting on the forums, I would recommend reading our terms and rules which you can find here:


Debate is important in the forums but you can do so without making matters personal and without attacking people like you have done in the post above.
 

Legalregal

Valued Member
Jan 13, 2021
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Morning everyone :)

Would anyone help me with this question: "What challenges are US law firms facing?". I am preparing for my interview and was wondering what aspects should I include.
I'd say US firms tend to be focused on transactional work rather than full-service and so may be particularly vulnerable to the down turn in the M&A/finance markets. They might not have other practices that pick up the slack (albeit less profitable ones). Depends on the firm though, there are full-service ones.
 
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NW Law

Distinguished Member
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Premium Member
  • Dec 20, 2021
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    Morning everyone :)

    Would anyone help me with this question: "What challenges are US law firms facing?". I am preparing for my interview and was wondering what aspects should I include.
    Yea, as legalregal pointed out, it does depend on the firm. Some US firms are facing transactional pressure (economic downturns, etc.) while others are facing increased pressure from governmental agencies (think like white collar crime firms who are currently dealing with hyper-aggressive governmental regulators). Then you have your conventional, but important issues, such as the issue of cybersecurity -- US firms due to their clients and influence -- makes them key targets to attack. There is also a poaching war amplified amongst key US law firms as they battle against each other to take specialists in certain fields. Tech infrastructure is also quite a common issue - some US law firms are quite lacking in this sector.

    Good luck with the interview!
     

    F12M34L

    Legendary Member
  • Apr 28, 2022
    267
    193
    Morning everyone :)

    Would anyone help me with this question: "What challenges are US law firms facing?". I am preparing for my interview and was wondering what aspects should I include.
    Yea, as legalregal pointed out, it does depend on the firm. Some US firms are facing transactional pressure (economic downturns, etc.) while others are facing increased pressure from governmental agencies (think like white collar crime firms who are currently dealing with hyper-aggressive governmental regulators). Then you have your conventional, but important issues, such as the issue of cybersecurity -- US firms due to their clients and influence -- makes them key targets to attack. There is also a poaching war amplified amongst key US law firms as they battle against each other to take specialists in certain fields. Tech infrastructure is also quite a common issue - some US law firms are quite lacking in this sector.

    Good luck with the interview!
    Could also add in the changes to SEC regulations
     
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    ah898

    Star Member
  • Nov 9, 2023
    46
    111
    @axelbeugre Do you have any advice for group exercises and what type of tasks they may consist of? Additionally, if you have already done a competency/motivation heavy interview in a previous stage, is it likely that the ac interview will be more technical?

    Thank you!
     

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