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Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2024-25
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<blockquote data-quote="Ram Sabaratnam" data-source="post: 208434" data-attributes="member: 36738"><p>Hiya [USER=34873]@AS24[/USER] </p><p></p><p>Great news about the Mishcon AC. Congratulations on getting through!</p><p></p><p>I'm sure [USER=36740]@Amma Usman[/USER] may have more to say here, but wanted to get something to you before the AC. To start, I think this may be what you're referring to, but I'd definitely recommend checking out TCLA's breakdown of potential AC questions <a href="https://www.thecorporatelawacademy.com/175-training-contract-interview-questions-2/" target="_blank">here</a>. I think it’s a great resource for familiarising yourself with the types of questions you might face at AC, particularly when interviewing the partner/senior associate.</p><p></p><p>For the commercial case study, I've just spoken to some people who completed the AC in a previous cycle, and they mentioned that the best way to prepare is to get comfortable analysing opportunities and risks from the perspective of clients seeking to grow their businesses. This can be in either an M&A or business development context. You don't need overly detailed firm-specific knowledge here. Rather, they want to see you can spot commercially relevant factors. Practise thinking through scenarios like why a business might want to expand or acquire another company (e.g. such as gaining new technology, expanding market share, or achieving operational efficiencies). They also mentioned that you might be asked to interpret documents such as financial statements, reports on market positioning, or contracts during the case study. I'd recommend getting comfortable picking out key points quickly, explaining clearly what they tell you about the business’s health, and what they might mean strategically for a client looking to buy, sell, or expand. Overall, the point is to show that you can demonstrate a basic commercial sensibility and think logically. </p><p></p><p>In terms of understanding Mishcon, I think you're definitely right that the firm has a slightly different international strategy compared to typical US firms. The firm has recently made some interesting moves, investing heavily in litigation and expanding its disputes capabilities through acquisitions like <a href="https://www.globallegalpost.com/news/mishcon-de-reya-enters-alsp-market-with-acquisition-of-flex-legal-24619789" target="_blank">Flex Legal</a> and <a href="https://www.cityam.com/mishcon-de-reya-acquires-majority-stake-in-group-action-business/" target="_blank">Somos</a> (a group action business). I think keeping in mind their focus on innovation and their strategic investments in disputes/litigation will help you tailor your answers more closely to the firm. They're also actively investing in expanding their footprint, including integrating Taylor Vinters and launching an office in Saudi Arabia. </p><p></p><p>Hope this helps and good luck with the AC!</p></blockquote><p></p>
[QUOTE="Ram Sabaratnam, post: 208434, member: 36738"] Hiya [USER=34873]@AS24[/USER] Great news about the Mishcon AC. Congratulations on getting through! I'm sure [USER=36740]@Amma Usman[/USER] may have more to say here, but wanted to get something to you before the AC. To start, I think this may be what you're referring to, but I'd definitely recommend checking out TCLA's breakdown of potential AC questions [URL='https://www.thecorporatelawacademy.com/175-training-contract-interview-questions-2/']here[/URL]. I think it’s a great resource for familiarising yourself with the types of questions you might face at AC, particularly when interviewing the partner/senior associate. For the commercial case study, I've just spoken to some people who completed the AC in a previous cycle, and they mentioned that the best way to prepare is to get comfortable analysing opportunities and risks from the perspective of clients seeking to grow their businesses. This can be in either an M&A or business development context. You don't need overly detailed firm-specific knowledge here. Rather, they want to see you can spot commercially relevant factors. Practise thinking through scenarios like why a business might want to expand or acquire another company (e.g. such as gaining new technology, expanding market share, or achieving operational efficiencies). They also mentioned that you might be asked to interpret documents such as financial statements, reports on market positioning, or contracts during the case study. I'd recommend getting comfortable picking out key points quickly, explaining clearly what they tell you about the business’s health, and what they might mean strategically for a client looking to buy, sell, or expand. Overall, the point is to show that you can demonstrate a basic commercial sensibility and think logically. In terms of understanding Mishcon, I think you're definitely right that the firm has a slightly different international strategy compared to typical US firms. The firm has recently made some interesting moves, investing heavily in litigation and expanding its disputes capabilities through acquisitions like [URL='https://www.globallegalpost.com/news/mishcon-de-reya-enters-alsp-market-with-acquisition-of-flex-legal-24619789']Flex Legal[/URL] and [URL='https://www.cityam.com/mishcon-de-reya-acquires-majority-stake-in-group-action-business/']Somos[/URL] (a group action business). I think keeping in mind their focus on innovation and their strategic investments in disputes/litigation will help you tailor your answers more closely to the firm. They're also actively investing in expanding their footprint, including integrating Taylor Vinters and launching an office in Saudi Arabia. Hope this helps and good luck with the AC! [/QUOTE]
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