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TCLA Vacation Scheme Applications Discussion Thread 2025-26

Andrei Radu

Legendary Member
Staff member
Future Trainee
Gold Member
Premium Member
Sep 9, 2024
1,032
1,813
Thanks so much for your response! Do you reckon we're going to see a marginal improvement in deal activity/exits because of this?
I would not expect the new Budget and the associated increased government borrowing to have much of a positive impact in terms dealmaking activity, outside of perhaps some specific sectors the government will be able to invest more into - although it is doubtful that given the current budget deficit issues, economic stagnation, and persistent inflation we will see a significant ram up in investments.

The other potential consequences mentioned, to the extent they actually materialise, would have a negative effect: crowding out effects and increasing interest rates will make general borrowing and therefore financing of transactions more difficult, while decreasing confidence in the UK's ability to repay its debts should lead to a decrease in willingness to invest in the UK economy. The only tailwind I cans see as a result of the new Budget would have more to do with the increased taxes/spending cuts, as those reinforce investor confidence in the fiscal prudence of the Government.
 

wooliewoo

Distinguished Member
  • Nov 25, 2025
    53
    93
    Hi! Could anyone provide any insight on whether the B&B VI repeats the Qs on the application forum (like I remember them doing last year)? And if so, how would you go about this e.g., do you repeat what you said or think of something completely new?
     

    badmintonflyinginsect

    Legendary Member
    Premium Member
    Jan 26, 2023
    178
    184
    I would not expect the new Budget and the associated increased government borrowing to have much of a positive impact in terms dealmaking activity, outside of perhaps some specific sectors the government will be able to invest more into - although it is doubtful that given the current budget deficit issues, economic stagnation, and persistent inflation we will see a significant ram up in investments.

    The other potential consequences mentioned, to the extent they actually materialise, would have a negative effect: crowding out effects and increasing interest rates will make general borrowing and therefore financing of transactions more difficult, while decreasing confidence in the UK's ability to repay its debts should lead to a decrease in willingness to invest in the UK economy. The only tailwind I cans see as a result of the new Budget would have more to do with the increased taxes/spending cuts, as those reinforce investor confidence in the fiscal prudence of the Government.
    Thanks so much for your response! I agree that the potential consequences would lead to a negative effect. However, interest rates have been cut thrice this year and once again (potentially) in December, and the budget seems to have been received better than expected (softening inflation). Inflation has come down to 3.6% after some persistent months at 3.8%.

    Besides the budget, do you reckon these are actually positive economic indicators for (somewhat) better dealmaking? Of course not 2021/22-style but mild improvement(?). I was also wondering about if/how this affects the attractiveness of private credit.
     
    Last edited:

    Someoneinlaw

    Distinguished Member
    Jul 23, 2024
    56
    107
    From my exp this usually means 23:59 tomorrow, but I would submit it before the 30th just to be safe
    Please I will like to know the outcome of your application if you do end up applying, because they literally rejected me the next day 😭and I think it's because I applied late but if you get the WG then I know its because my application was trash lol
     

    user55998384

    Valued Member
    Sep 7, 2025
    124
    69
    Hi @Abbie Whitlock and @Andrei Radu: for a q on why the firm, i have structure it in terms of paragraph 1) work paragraph 2) int presence and 3) blended in qality of training + pro-bono work - i have advised to have quality of training as a point on its own but i do not have too much substance on it as attending insight days + speaking to trainees there was no like specific stnad outs that i got so do you think my structure is okay?
     
    Reactions: Abbie Whitlock

    Amgrad

    Legendary Member
    Oct 2, 2025
    344
    374
    Davis Polk keeps sending me a reminder to my unsubmitted app, whilst I think it'd be a waste to apply if I am ineligible as I don't have a law degree or studying PGDL. How can I tell them to withdraw my app if there's no button like Linklaters?

    Also, specific question for @Andrei Radu since you a future trainee there, how is your experience at Barbri? I heard its alumni has the highest SQE pass rate compared to other providers, wondering after completing PGDL at BPP/ULaw we can pick Barbri as SQE prep?
     
    Reactions: Andrei Radu

    bh.sa

    Esteemed Member
    Feb 8, 2025
    76
    122
    Davis Polk keeps sending me a reminder to my unsubmitted app, whilst I think it'd be a waste to apply if I am ineligible as I don't have a law degree or studying PGDL. How can I tell them to withdraw my app if there's no button like Linklaters?

    Also, specific question for @Andrei Radu since you a future trainee there, how is your experience at Barbri? I heard its alumni has the highest SQE pass rate compared to other providers, wondering after completing PGDL at BPP/ULaw we can pick Barbri as SQE prep?
    I got those emails from AllHires too, I think you don't have to do anything because you haven't submitted your application, so the firm hasn't received it anyways
     
    • Like
    Reactions: Amgrad

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