TCLA Vacation Scheme Applications Discussion Thread 2023-24

[NJS]

Ok but once again, I think you are getting confused between HOW businesses compete and WHO the competitors actually are. Those are just ways that law firms compete against each other and try to stand out.

Let’s look at the example of the car industry for instance: Tesla and Ferrari are both car manufactures. Now just because Tesla produces electric cars and Ferrari produces high performance petrol cars doesn’t mean that they are not competitors. Just because they try to target different audiences, brand themselves differently, price their cars differently etc. does not take away from the fundamental aspect that they are both car manufacturers in the same industry.

Ferrari and Tesla are not competitors

 

[ah898]

Congrats! When was your interview?

14th

 

[yasmars]

Agree with this and to add to this. Cooley and Covington have a life sciences and tech focus whereas Orrick has an energy focus and then there are the big PE players that are known for their excellent culture and excellent work-life balance (Its a joke btw).

Over half of Orrick’s work is for the tech sector

 

[RonRod13]

Being in the same broad industry ≠ competitors. Competitors fight for the same market share. That might be at a particular price point, in a particular region or otherwise. For example, The Commercial Law Academy (am I allowed to mention them here LOL) is fighting for the same market share as TLCA (people looking to go into corporate law). By contrast, a business helping people get into investment banking is still in the industry of getting people into professional careers but is not threatening TCLA's/The CLA's market share

The commercial law academy is fighting for the same market share as TCLA? That doesn’t make sense, how can it be fighting against itself?

And this example only reinforces my point further if anything. TCLA is specifically in the business of helping people get into LAW. It’s found a niche industry and producing a service within that niche industry. Their competitors would be chambers student, legal cheek etc and other businesses that try to help students get into LAW.

They are not competing against companies like Wall Street oasis, corporate finance institute etc. These are some of the companies that try to help students into BANKING (another niche area of business) you are comparing apples to oranges in your case.

 

[nliro85]

Over half of Orrick’s work is for the tech sector

Was just stating what they are known energy and infrastructure

 

[mfuturetrainee]

dear god here we go again

 

[RonRod13]

Ferrari and Tesla are not competitors

Are they both car manufacturers, yes or no?

 

[Percypig12]

Yeah calm with all due respect I am wasting my time here XD

 

[Kad28]

hi, guys has anyone heard back from Travers Smith? i saw on their tiktok page a video given interview advice.

 

[VMS]

hi, guys has anyone heard back from Travers Smith? i saw on their tiktok page a video given interview advice.

I've seen about one person on here, so doesn't seem to be many. I haven't heard back yet.

 

[law2022x]

for those who had a TI with Akin, when did you hear back?

 

[S87]

dear god here we go again

Lord have mercy!

 

[S87]

@Jessica Booker Mother please come and give these kids some slaps or at least something to worry about.

 

[kcr]

for those who had a TI with Akin, when did you hear back?

Heard back a week ago for an AC, seems like they’re still giving out AC offers.

 

[NJS]

Are they both car manufacturers, yes or no?

But just because they are in the same industry does not mean they compete, I could set up a firm tomorrow, I would technically be a law firm and be in the business of law firms, but I would not be competing with White and Case as we're aiming for different things

 

[yeezyee]

Heard back a week ago for an AC, seems like they’re still giving out AC offers.

would love some TI offers soon lol it’s been so long 😭

 

[KStapley]

bird & bird spring VS offer!!!!!!

Congrats!

May I ask how long Bird & Bird took to reply after your online interview?

Thank you

 

[neonorange]

@Jessica Booker Mother please come and give these kids some slaps or at least something to worry about.

I don't know, I sort of love when it's obvious that everyone is so stressed about hearing back and interviews and ACs that we devolve into "are Ferrari and Tesla competitors" chat. Slightly more interesting than endless "have u heard from withers".

 

[yxngd2x]

why am I seeing one pointless argument over car manufacturers🤣 what are we doing here?

 

[3000to1shoteverytime]

The commercial law academy is fighting for the same market share as TCLA? That doesn’t make sense, how can it be fighting against itself?

And this example only reinforces my point further if anything. TCLA is specifically in the business of helping people get into LAW. It’s found a niche industry and producing a service within that niche industry. Their competitors would be chambers student, legal cheek etc and other businesses that try to help students get into LAW.

They are not competing against companies like Wall Street oasis, corporate finance institute etc. These are some of the companies that try to help students into BANKING (another niche area of business) you are comparing apples to oranges in your case.

The Commercial Law Academy is different to TCLA which is The Corporate Law Academy. So yes they are competitors and probably have an overlap of users.