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Aspiring Lawyers - Applications & General Advice
Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2025-26
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<blockquote data-quote="Abbie Whitlock" data-source="post: 249175" data-attributes="member: 42112"><p>Hey!</p><p></p><p>It is completely normal to freak out beforehand, but honestly it is usually 10x better once you are actually in the assessment! Group exercises tend to feel much more nerve-wracking in the build up, but once you get stuck in, it is far more manageable.</p><p></p><p>In terms of topics, they are usually broad commercial scenarios that test a few areas, rather than niche legal areas. For example, it could involve: advising a company on expansion, choosing between different investment options, or allocating funding across various projects. Sometimes it is framed around a transaction, such as an acquisition or restructuring, but the focus is on how you analyse information and work as a team.</p><p></p><p>They will be assessing how you communicate and listen, whether you build on others' points, your commercial judgment, time management and structure, and whether you help the group reach a decision.</p><p></p><p>For a few commercial topics to be aware of, I would make sure that you understand:</p><p></p><p>1. Interest rate environment and how that affects borrowing and deal activity</p><p>2. Refinancing risk and distressed opportunities (i.e. companies that have debt maturing in a high-rate environment may struggle to refinance)</p><p>3. Regulatory scrutiny in certain sectors (i.e. antitrust, national security, or sector-specific regulations)</p><p></p><p>I hope that assists, and best of luck - I'm sure you'll smash it! <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="Abbie Whitlock, post: 249175, member: 42112"] Hey! It is completely normal to freak out beforehand, but honestly it is usually 10x better once you are actually in the assessment! Group exercises tend to feel much more nerve-wracking in the build up, but once you get stuck in, it is far more manageable. In terms of topics, they are usually broad commercial scenarios that test a few areas, rather than niche legal areas. For example, it could involve: advising a company on expansion, choosing between different investment options, or allocating funding across various projects. Sometimes it is framed around a transaction, such as an acquisition or restructuring, but the focus is on how you analyse information and work as a team. They will be assessing how you communicate and listen, whether you build on others' points, your commercial judgment, time management and structure, and whether you help the group reach a decision. For a few commercial topics to be aware of, I would make sure that you understand: 1. Interest rate environment and how that affects borrowing and deal activity 2. Refinancing risk and distressed opportunities (i.e. companies that have debt maturing in a high-rate environment may struggle to refinance) 3. Regulatory scrutiny in certain sectors (i.e. antitrust, national security, or sector-specific regulations) I hope that assists, and best of luck - I'm sure you'll smash it! :) [/QUOTE]
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TCLA Vacation Scheme Applications Discussion Thread 2025-26
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