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Aspiring Lawyers - Applications & General Advice
Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2024-25
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<blockquote data-quote="suhana" data-source="post: 199250" data-attributes="member: 34506"><p>hey [USER=36740]@Amma Usman[/USER] [USER=36738]@Ram Sabaratnam[/USER] [USER=36777]@Andrei Radu[/USER] </p><p></p><p> I’ve got a question that might be a bit basic. I recently did a virtual assessment center with a law firm, and one of the tasks was a written exercise. We had 60 minutes to go through a 14-page document and draft a report answering four questions. It was an M&A case study where we had to advise a client on choosing between two potential target companies.</p><p></p><p>The questions focused on risks for both companies, which company to acquire, and "commercial factors." But I’m a bit confused about what "commercial factors" really mean. A lot of the points I wanted to make felt more legal—like one of the companies had IP issues, and I wasn’t sure if it was right to bring that up as a "commercial factor."</p><p></p><p>I also felt like I ended up overlapping my answers, especially when I started discussing external market-specific content in the quesiton of which company to acquire and risks. so when you’re advising on a choice like this, are you expected to bring in outside commercial knowledge, or should you stick strictly to what’s in the case study and save external factors for later?</p><p></p><p>Basically, I was blending legal and commercial factors in my answers and wasn’t sure where the line is. Could you give me some tips on what’s actually expected when they ask about "commercial factors"?</p></blockquote><p></p>
[QUOTE="suhana, post: 199250, member: 34506"] hey [USER=36740]@Amma Usman[/USER] [USER=36738]@Ram Sabaratnam[/USER] [USER=36777]@Andrei Radu[/USER] I’ve got a question that might be a bit basic. I recently did a virtual assessment center with a law firm, and one of the tasks was a written exercise. We had 60 minutes to go through a 14-page document and draft a report answering four questions. It was an M&A case study where we had to advise a client on choosing between two potential target companies. The questions focused on risks for both companies, which company to acquire, and "commercial factors." But I’m a bit confused about what "commercial factors" really mean. A lot of the points I wanted to make felt more legal—like one of the companies had IP issues, and I wasn’t sure if it was right to bring that up as a "commercial factor." I also felt like I ended up overlapping my answers, especially when I started discussing external market-specific content in the quesiton of which company to acquire and risks. so when you’re advising on a choice like this, are you expected to bring in outside commercial knowledge, or should you stick strictly to what’s in the case study and save external factors for later? Basically, I was blending legal and commercial factors in my answers and wasn’t sure where the line is. Could you give me some tips on what’s actually expected when they ask about "commercial factors"? [/QUOTE]
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Forums
Aspiring Lawyers - Applications & General Advice
Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2024-25
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