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❄ Winter vacation scheme deadlines are being announced for the year!
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Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2024-25
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<blockquote data-quote="Andrei Radu" data-source="post: 210498" data-attributes="member: 36777"><p>If it is impossible to change the topic, I would try to look for indirect effects this could have on the firm. Competition law does not operate in a vacuum, and an important development could cause a chain of effects that end up being relevant for many law firms that do not have competition practices. For instance, if the merger control regime in a given jurisdiction becomes significantly more restrictive, this could lead to (i) a decrease in big-ticket dealmaking and (ii) an increase in complex corporate carveouts for the deals that do go through - which could benefits firms specializing in this type of transaction. If a given merger control regime becomes more relaxed (as will likely be the case in the US), the opposite effect could be observed, benefiting law firms operating generalist M&A practices. </p><p></p><p>Besides merger control, we could again infer some wider impacts. If the courts/antitrust authorities become more active in enforcing abuse of market dominance/cartel rules, this could lead to renegotiations of many current commercial agreements that are in breach of that (such as many of the contracts made by Visa and Mastercard), which could once again benefit firm's transactional departments. Finally, at the most general level, if the competition law regime is successful in increasing competition in the market, the smaller players in many industries could benefit, which could then lead to them being in a position to give work to many law firms.</p></blockquote><p></p>
[QUOTE="Andrei Radu, post: 210498, member: 36777"] If it is impossible to change the topic, I would try to look for indirect effects this could have on the firm. Competition law does not operate in a vacuum, and an important development could cause a chain of effects that end up being relevant for many law firms that do not have competition practices. For instance, if the merger control regime in a given jurisdiction becomes significantly more restrictive, this could lead to (i) a decrease in big-ticket dealmaking and (ii) an increase in complex corporate carveouts for the deals that do go through - which could benefits firms specializing in this type of transaction. If a given merger control regime becomes more relaxed (as will likely be the case in the US), the opposite effect could be observed, benefiting law firms operating generalist M&A practices. Besides merger control, we could again infer some wider impacts. If the courts/antitrust authorities become more active in enforcing abuse of market dominance/cartel rules, this could lead to renegotiations of many current commercial agreements that are in breach of that (such as many of the contracts made by Visa and Mastercard), which could once again benefit firm's transactional departments. Finally, at the most general level, if the competition law regime is successful in increasing competition in the market, the smaller players in many industries could benefit, which could then lead to them being in a position to give work to many law firms. [/QUOTE]
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