🚨 Reed Smith has just announced its Direct Training Contract route!
The deadline is 20th June.

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Message: <blockquote data-quote="Amma Usman" data-source="post: 191794" data-attributes="member: 36740">[USER=28506]@KBanana[/USER], with regards your second question, inflation is not a bad topic to talk about. It may be viewed as quite generic certainly, but this doesn’t mean you can’t nail the answer if you choose it. I have certainly used the topic of inflation many times during interviews and gotten offers. The way you talk about it is the most important thing. For example, what is it? Sounds funny, but starting off by expressly giving context on what it is and why it’s so important to warrant a commercial discussion on. Next, how does it impact businesses - at the end of the day, these are the law firms clients. Secondly, another high scoring point often forgotten is to remember that the law firm itself, is a business. So, this applies to it as well. If the law firm doesn’t handle the challenges associated with inflation well, it can fail as a business, possibly run into insolvency, as well as experience a host of other issues. Third, how does this inflationary pressure influence the work of the law firm. What law firm practices will see more/less work coming in and why? Well the corporate practice is one. Inflation means rising prices, so when things are more expensive, it becomes harder to invest or expand. Thus, their clients may engage in less mergers and acquisitions. Similarly, the taxation practice would start advising more on strategies clients can implement to minimise cash outflow and make the most of their existing revenue stream. Now, link this back to X law firm. Do they have strong tax and corporate practices? Do these form the bulk of their revenue? If so, how can it stay afloat/leverage their strength? Perhaps through leveraging their other practice areas, or gaining expertise in still advising in these practice areas but from a different niche. There’s so much to talk about in inflation, so you have the potential to write a great answer - just remember to tailor it to the specific firm. Another thing is to quote stats if you can. By how much did the rate of inflation go up? What are people/economists saying about this, and do you agree with them? Be careful to not engage in a political discussion here though, unless prompted.</blockquote>

Verification: Our company is called, "The Corporate ___ Academy". What is the missing word here?

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