• TCLA Premium: Now half price (£30/month). Applications, interviews, commercial awareness + 700+ examples.
    Join →

TCLA Vacation Scheme Applications Discussion Thread 2025-26

@Abbie Whitlock having some issues with wrapping my head around AC’s and case studies. I know it’s usually M&A, but if a business is looking to expand internationally with an aggressive expansions, what would be the legal and commercial risks for the business?

For legal I have: consumer laws, employment laws, tax compliance and corporate structure risk etc?

Commercial risks: over expansion and underperforming-> lose money; market demand/ competition risk; supply chain and operational risks.

Am I understanding this well? I’m not too sure.. thank you so much 😊
Hey!

You're definitely thinking about it the right way, and your categories make sense! The key in an AC is to think commercially and highlight the most important risks to the client, rather than trying to list every possible risk. If a business is expanding internationally, I would frame it under legal and commercial (as you have), but keep it focused.

For example, legal risks might include:

1. Regulatory compliance
2. Employment law differences and worker protections
3. Tax exposure
4. Corporate structure and governance risks
5. Data protection

On the other hand, as you have mentioned, commercial risks could include:

1. Over expansion leading to cash flow strain
2. Overestimating demand or underestimating competition
3. Operational and supply chain challenges
4. Macroeconomic risk and political instability in new markets

In your answer, I would prioritise the most serious risks, and link them to the strategy that the firm is adopting (e.g. if the company expands through a joint venture rather than setting up its own subsidiary, things such as governance and control risks become more significant as decision-making is shared). You can also briefly suggest how the client could mitigate against theses risks - this might include due diligence, phased rollout, local partners, etc.

It looks like you are on the right track to me! I would just focus on prioritisation and structure, rather than trying to cover absolutely everything

I hope that helps! :)
 
  • 🏆
Reactions: aliiiisonxooox
n
btw can somebody confirm if Katten as a firm actually exist? They seem to have no profile on this forum...

On a side note, I think I deserve an offer from them, because KAT-ten (Cat - 😂😂😂)
you know every time I see your messages I read your name as Rosie_Katten ...
More seriously Ihope we will hear back from them one day
 
To clarify, did everybody else get different wording to mine? Was it a 50:50 mix r.e. wording...

Because it's beyond bizzare for a form rejection with the same content to have different wording...
They could have sent it to everyone or just this recent batch of rejections but would need to hear from loads of people to even know.

definitely not bizarre at all tbh lol, i have had it before from two firms. especially if they have other events/internships you can apply to, they can/do often specialise your rejection and tell you to apply again or in the next cycle.
 
They could have sent it to everyone or just this recent batch of rejections but would need to hear from loads of people to even know.

definitely not bizarre at all tbh lol, i have had it before from two firms. especially if they have other events/internships you can apply to, they can/do often specialise your rejection and tell you to apply again or in the next cycle.
But the thing is, I got the rejection at exactly the same time. With the same content. Seemingly worded differently from everybody else? Is that usual?
 
Have a Forsters AC in a few weeks and just wondering if anyone had any experience of ACs at private wealth firms? Can’t imagine that they’d do a group exercise or WE on an M&A deal but can’t think what type of thing they’d pick in terms of subject area. Any thoughts v appreciated.
 
Have a Forsters AC in a few weeks and just wondering if anyone had any experience of ACs at private wealth firms? Can’t imagine that they’d do a group exercise or WE on an M&A deal but can’t think what type of thing they’d pick in terms of subject area. Any thoughts v appreciated.
Hi! Yes. Did an AC for direct TC at Sinclair Gibson. It involved an unrelated group exercise about a project you can’t prepare for, a competency interview and a written exercise which related to probate (drafting an email to a client and picking out key bits from legal documents). Forsters will deffo be similar.
 

About Us

The Corporate Law Academy (TCLA) was founded in 2018 because we wanted to improve the legal journey. We wanted more transparency and better training. We wanted to form a community of aspiring lawyers who care about becoming the best version of themselves.

Get Our 2026 Vacation Scheme Guide

Nail your vacation scheme applications this year with our latest guide, with sample answers to law firm questions.