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TCLA Vacation Scheme Applications Discussion Thread 2025-26

Hopeful applicant

Distinguished Member
Nov 18, 2025
57
79
With so many firms undergoing mergers rn, how will that affect trainees, future trainees, and in particular, NQ retention and salaries?
it depends but generally the salaries should move towards that of the bigger office (which in the UK is usually the UK firm's, lower salary). NQ retention can likely drop. To use A&O Sherman as an example: first retention post-merger: 66%, compared to the previous being between 77-92.5

Its important to note though that while the drop can be attributed to integration challenges/seat mismatches, another part of it can come from trainees, who fear uncertainty and/or feel like they did not get what they bargained for (usually those who trained at the smaller office)

 

Unknowncabbage

Valued Member
May 18, 2024
121
165
With so many firms undergoing mergers rn, how will that affect trainees, future trainees, and in particular, NQ retention and salaries?
I don't see trainee intakes dropping to be honest. If anything, combining cash flows, profits etc means that firms will have more money. Obviously, with NQ positions, initially, it is likely to reduce as 1) there will be a lot of overlap + unnecessary amount in certain practice areas and 2) a lot of Associates and even Partners may simply choose to leave as they may not 1) like the merger in the first place 2) think they can get better opportunities elsewhere. In short, there are so many competing factors at play, and ultimately it is going to very firm specific and based on the market conditions at the time.
 

Abbie Whitlock

Administrator
Staff member
Gold Member
Premium Member
Sep 11, 2025
865
943
I'm a bit stuck on how to answer this question what 3 skills makes a good commercial trainee, how would this differ from what 3 skills makes a good trainee?
Hey!

I would say that this isn't actually too different from a standard "3 skills of a good trainee" question, and the core foundations are generally the same.

The difference is likely in the framing - for a "commercial trainee", you would place more emphasis on commercial awareness, client focus and practical judgment / advice. It is about showing that you don't just complete tasks accurately, but that you understand the client's business objectives and think about the wider commercial impact of the work that you do.

Therefore, you don't need completely different skills - I would just write your answer with a slightly more commercially focused angle on the same core competencies :)
 

corplawperson23

Distinguished Member
Premium Member
Jun 7, 2022
64
74
Hey!

I would say that this isn't actually too different from a standard "3 skills of a good trainee" question, and the core foundations are generally the same.

The difference is likely in the framing - for a "commercial trainee", you would place more emphasis on commercial awareness, client focus and practical judgment / advice. It is about showing that you don't just complete tasks accurately, but that you understand the client's business objectives and think about the wider commercial impact of the work that you do.

Therefore, you don't need completely different skills - I would just write your answer with a slightly more commercially focused angle on the same core competencies :)
Thanks so much Abbie!
 

Lord Sumption

Esteemed Member
Premium Member
  • Nov 11, 2022
    75
    163
    Hi @Abbie Whitlock

    Please correct me if I’m wrong, but I understand that corporate lawyers generally work in four main areas:
    • Advisory/Regulatory – would trainees mainly be updating clients on legal developments, doing legal research, and drafting advice?
    • Contentious – would a trainee’s work involve assisting with litigation, preparing witness statements, supporting court preparation, and conducting legal research to develop arguments?
    • Transactional – would trainees primarily draft and negotiate contracts? Also, in M&A deals, do trainees ever get involved in negotiating the deal price, or is that mainly handled by investment bankers?
    I’d love to know if this is an accurate view of what trainees do in each area, or if there are other key responsibilities I should be aware of.

    Thanks in advance! :)
     

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