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TCLA Vacation Scheme Applications Discussion Thread 2025-26

Andrei Radu

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Sep 9, 2024
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Hi everyone,

I hope all is well!

I graduated from university last year - I did well in my exams, but I graduated without a TC. After having done a bit of travelling over the last few months, I'm now about to embark on a new application cycle.

My dilemma is as follows: I'd like to get some work (ideally as a paralegal) over the next few months, in order to bring in an income to my household - would this make it inadvisable for me to apply for vac schemes as well (as if I'm working as a paralegal next summer, and I get offered a place on a summer vac scheme at another firm, this could cause problems)?
In other words, if I'm probably going to be in paid employment (quite probably as a paralegal, or something similar) by the start of next summer, should I restrict myself to just doing direct TC applications?

If anyone has any advice, I would be hugely grateful!
Hi @pfoapplicant I would advise you not to restrict yourself to direct TC applications, as I believe this may significantly lower your chances of securing a TC. Firstly, a lot of law firms nowadays only recruit from the VS track, so you would be excluding yourself from a lot of opportunities should you not apply. Secondly, most firms who have both a VS and a direct TC track prefer to recruit VS candidates as they have a better opportunity to assess them over a prolonged period of time - direct TC applicants tend to only be assessed for the places remaining available after VS track recruitment is finalised. Moreover, direct TC applicants tend to be held to higher standards in interviews and assessments, as the firm does not have the opportunity to test them in an office setting. Thus, I think placing all your bets on TC applications would not be an optimal strategy.

Of course, you have a legitimate concern as to potential overlap between your paralegal role and a summer VS, but as another forum member said, you should be able to use your holiday entitlement to cover that. Firms are well-aware that many paralegals will be applying for VSs/TCs and will in general seek to accommodate that; particularly in the summer, when they tend to be less busy.
 

Andrei Radu

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Hello @Abbie Whitlock @Andrei Radu

This may seem ridiculous, but I was wondering what's the best way to actually gain commercial awareness to the point I'm fluent in using terminology and understanding the implications of things. Right now, I'm extremely new and don't know where to begin. I was thinking of first understanding terminology like equity, bonds etc and then after 2 weeks, start to read articles and see if I can apply this to the articles, but I don't know how to go about it. What did you find was successful for you? I feel like there's so much and am worried in interviews I wouldn't be able to answer follow-up questions. Also, how do you actually remember what you've read - like keep a log of it, and also how can I keep track of a news story from start to finish? Sorry for lots of questions, just really don't know where to even start

Thank you :)
Hi @flower1 I do not have a lot to add to the amazing response from @Abbie Whitlock but I just wanted to mention that a game-changing type of resource for me were commercial awareness podcasts. Firstly, because I found they were an incredibly time-efficient way of working on my commercial awareness: while reading an article would require me to take away valuable working time off my day (which I much needed for researching firms, writing applications, or on my academics), I could listen to several hours of podcasts every day in the moments I could not use productively for another purpose (such as when commuting, doing laundry, cooking, or any other task that did not require significant concentration).

Secondly, I found that beyond gaining information and knowledge about the world of business, podcasts were training my "inner commercial voice": by listening to hundreds of hours of recordings of experts talking about commercial topics, I started internalising a certain manner of thinking and speaking which is appropriate in a business context. This helped me immensely in being able to speak in a professional way about these topics in a manner that felt natural rather than performative; which is an aspect that I think can matter greatly in an interview context.

There are many great podcasts which can help you improve your knowledge and understanding of the world of business at different levels; I will list bellow a couple that were particularly useful for me:
  • FT News Briefing: as Abbie mentioned, I think this is one of the best resources for a quick overview of the big news in business and politics in the last 24 hours; I would recommend this as a starting point, and would seek to listen to it every day.
  • BBC Business News: A more comprehensive and in depth overview of business news in the last 24 hours, with more of a UK and Europe focus;
  • Bloomberg Europe: A more comprehensive and in depth overview of business news, with a particular focus on impact to financial markets, dealmaking, and investment;
  • Watson's Daily: an incredibly useful resource for learning how to critically analyse and debate a commercial topic; the participants here normally only tackle only two topics in a 40-50 minutes long podcast, but the analysis is a lot more detailed and involves a multitude of perspectives;
  • Goldman Sachs Exchanges: a great periodic podcasts on a selected topic of importance to institutional investors; it goes into a lot of detail and can be jargon heavy, but can make you understand topics at a very impressive level of depth.
  • The Lawyer Podcast: an amazing resource for learning more about the different market positions and strategies of big law firms;
 
Has anyone still not heard from HSF Kramer on the WVS (neither invite not rejection)? Would it worth emailing the graduate recruitment team to ask on Monday or is that a faux pas?
I’m in the same position, I emailed grad recruitment early this week and was told on Thursday morning I’d get an update shortly and I’m yet to get a response. I think some people have had PFO since then. I think it’s just a waiting game I’m sure they would’ve out right rejected us if there were no plans for a potential AC. I guess we will have to just wait and see, I’m sure it’s a lot to deal with from their side too.
 
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applicant3000

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I’m in the same position, I emailed grad recruitment early this week and was told on Thursday morning I’d get an update shortly and I’m yet to get a response. I think some people have had PFO since then. I think it’s just a waiting game I’m sure they would’ve out right rejected us if there were no plans for a potential AC. I guess we will have to just wait and see, I’m sure it’s a lot to deal with from their side too.
Thanks for clarifying!
 
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