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TCLA Vacation Scheme Applications Discussion Thread 2025-26

Back to say I sadly got a Sidley PFO..,after going to an insight day yesterday LMAO

pity party mr crabs GIF
Hate to be that one guy right now but was this post app or TI and was it Spring or Summer? Did yous apply early or closer to the deadline?​
 

helenaskelton

Distinguished Member
Feb 18, 2025
69
71
Would love some advice. I recently emailed a firm post AC to ask about whether I’d got the VS, and I said I’d got an offer from elsewhere (they had said if this happened you could email them to speed up the process etc). They said they’d respond by the end of this week. Not much time left and they still haven’t messaged. Can I assume PFO?
 

yasmars

Legendary Member
Premium Member
Jan 1, 2021
510
833

yasmars

Legendary Member
Premium Member
Jan 1, 2021
510
833
What was the wording of the email?
“Thank you for applying to Lewis Silkin.



We wanted to let you know that we are currently running slightly behind schedule with our review process. We’re working through applications as quickly as we can, and we expect to be in touch with an update early next week.



Thank you for your patience, and please don’t hesitate to reach out if you have any questions in the meantime.”
 

trainee4u

Legendary Member
Sep 7, 2023
582
1,198
“Thank you for applying to Lewis Silkin.



We wanted to let you know that we are currently running slightly behind schedule with our review process. We’re working through applications as quickly as we can, and we expect to be in touch with an update early next week.



Thank you for your patience, and please don’t hesitate to reach out if you have any questions in the meantime.”

yeah i got this too; I can only reason that those who've not received it are already in either a "yes" or "PFO" pile
 

Bruce Wayne Attorney at Law

Esteemed Member
Gold Member
Premium Member
Sep 10, 2023
85
135
Hey!

I'm not too knowledgeable on these areas myself, so my advice would be quite general! However, when I was starting to learn more about specific areas my starting point is usually Investopedia. For example, I've had a look for posts on Funds and Private Credit and have found:
If videos are what work best for you, I would definitely have a look at YouTube and search things such as "How private equity works", "What is private credit", "How a fund is structured", etc. When I was preparing for an interview at a PE-focused firm last cycle, I found this video from TCLA really helpful as an introduction: "What Private Equity Lawyers Actually Do? - with Bernie Rivard"

In a case study, they are usually testing:
  • Can you spot key risks?
  • Do you understand the client's overall commercial objective?
  • Can you think commercially and offer practical solutions?
For example, in an M&A case study, you need to think about what the buyer is actually trying to achieve and what are the main risks to highlight in due diligence. For PE, this might be how the fund will exit and what could impact returns from the investment. Lastly, for private credit, you would want to consider what the lender would be worried about (e.g. repayment, security, etc.).

A simple structure that might help you as you approach these exercises is:
  1. What is the client's goal?
  2. What are the main commercial risks?
  3. What would you prioritise as their lawyer?
Try to focus on keeping it logical and commercial - they won't be expecting you to address the technical complexities of an LBO model, but rather to show that you understand the client's objective, can identify the key commercial risks, and can think practically about how a lawyer would help protect the client's position.

I hope that helps! :)
Thanks Abbie, this is quite helpful!

Cute Cartoon You Rock GIF by Bells and Wishes
 
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