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TCLA Vacation Scheme Applications Discussion Thread 2025-26

Hi @Andrei Radu Was hoping to hear your perspective.
Right now, I'm trying to write about the UK's recent relaxing of the capital rules for banks.
I'm struggling though to get deep into the analysis outside of the obvious increase in dealmaking. (I.e PE/ M&A transactions rely on a lot of leverage. Now that banks have more capital to invest with, these two areas will likely boom).
How can I then flesh this out/ have more commercial depth?
Is it fair to say that certain practice areas will benefit more/ less? Will drug research/ life sciences see additional increases in activity because of how capital intensive this area is?
Alternatively, is this perhaps not the best topic to use for a commercial issue application answer? I just wanted to hear your opinion, since I remember you saying how your answer was on a similarly broad commercial topic like how low interest rates affect deals.
Hi @CharlesT47 while this is not a topic I am extremely knowledgeable about, I will list some points of analysis that you could consider addressing in your answer:
  • The positive impacts may be gradual rather than immediate, as from my understanding the lowering of the capital adequacy threshold will only be implemented in 2027;
  • This is thought to come with a positive effect on general economic growth, as an increase in credit supply allows more borrowing from both businesses (and thus to invest in upscaling, increasing productivity, research and development, and hiring), and consumers (thus increasing their purchasing power and boosting the demand and revenue of aforementioned businesses), which can create a virtuous growth cycle.
  • At the same time, the relaxation of capital rules always comes with at least some increase in systemic risk in the banking sector, thus making economic growth and financial stability and resilience competing objectives that need to be balanced. In your analysis, you may want to consider this negative side effect and express a judgement as to whether, all thing considered, this is a good idea or not.
  • In terms of finance dealmaking, this should increase activity of traditional finance (as it will be easier for more companies to take out more loans) and securitisation and capital markets departments of law firms (as banks will then be looking to package and sell a greater amount of debt on secondary markets);
  • In terms of corporate dealmaking, I think your assessment is generally on point. I would agree with you that capital intensive industries stand to benefit most from this, and, in particular, life sciences companies could be big winners, as this is currently thought to be the area where UK companies innovate the most and are most relevant in the modern global economy. On this point, I would also add that PE funds likely stand to benefit a lot, as availability of huge amounts of debt finance is central to the leveraged buyout model.
 
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For those applying to Akin, how are we meant to approach these two questions, as they appear to be pretty similar:

1: what motivates you to pursue a career as a commercial solicitor, and why do you see Akin as the right place to begin that journey?

2: what are you looking for in your legal career, and how do you see a firm like Akin helping you achieve those goals?

Any help would be appreciated! Also, if @Andrei Radu or @Abbie Whitlock have any insight that would be super helpful too!​
 
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For people asking whether Latham's test needs to be completed before midnight today, this is what it says:

"To access the assessments, please log back into the apply4law homepage. The deadline for completing these assessments is three days after submission of your application for all vacancies."

I think it can be done after the deadline as well.
 
Hi all, I'm wondering if it's possible to email Early Talent about switching my application from a Spring scheme to the Summer one? The timeline no longer works and the deadline for both schemes is today - if I email today would that be acceptable? I don't want to cause a lot of hassle for them though. Please let me know if anyone has tried doing this before!
It seems to vary by firm, but I had Links cancel my winter VS application in favour of a DTC app.
 
Hi all, I'm wondering if it's possible to email Early Talent about switching my application from a Spring scheme to the Summer one? The timeline no longer works and the deadline for both schemes is today - if I email today would that be acceptable? I don't want to cause a lot of hassle for them though. Please let me know if anyone has tried doing this before!
I don’t see why it would be an issue, the spring/summer interviews are usually ran on a similar timeline. So as long as you let them know early on, should be okay. There’s also no harm in asking, I say go for it :)
 
For those applying to Akin, how are we meant to approach these two questions, as they appear to be pretty similar:

1: what motivates you to pursue a career as a commercial solicitor, and why do you see Akin as the right place to begin that journey?

2: what are you looking for in your legal career, and how do you see a firm like Akin helping you achieve those goals?

Any help would be appreciated! Also, if @Andrei Radu or @Abbie Whitlock have any insight that would be super helpful too!​
Ask Chris brown he said he got a vs there…
 
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Hi all, I'm wondering if it's possible to email Early Talent about switching my application from a Spring scheme to the Summer one? The timeline no longer works and the deadline for both schemes is today - if I email today would that be acceptable? I don't want to cause a lot of hassle for them though. Please let me know if anyone has tried doing this before!
Hi!

This can vary between firms, but it's often possible! After securing a Summer VS, I contacted the early careers team at another firm I had to applied to for a Summer VS and asked whether I could switch to the Spring scheme instead. They agreed, and I ultimately received a Spring VS offer from them (so it isn't going to negatively impact your application!).

If you're considering doing the same, just make sure you reach out as early as possible as it makes the process much easier for them to accommodate. A polite email explaining your situation and asking whether a switch is possible is completely acceptable :)
 

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