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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: 249778" data-attributes="member: 42112"><p>Hello!</p><p></p><p>Congratulations on the AC invite!!</p><p></p><p>For commercial awareness, I would focus less on trying to know everything and more on building a structured way of thinking. Pick one or two reliable sources that you find particularly useful (e.g. FT, BBC Business, etc.) and read them consistently. When you are reading a commercial story, don't just memorise the facts - ask yourself what the consequences of the story are. For example, who is affected, why it matters commercially, how it might impact a company / client, and how a law firm might get involved. This is how commercial awareness is tested in ACs and interviews, rather than asking you to recite news stories. </p><p></p><p>As for current topics to follow, I definitely need to brush up on my commercial awareness (so I'm sure there's many other topics!) but I'd keep an eye on:</p><ul> <li data-xf-list-type="ul">Geopolitical instability: conflicts affecting energy prices and shipping routes, US + China trade tensions, shifting regulations, etc.</li> <li data-xf-list-type="ul">AI and regulation: compliance risk, data protection, IP ownership (+ there are a few cases recently on this topic), liability issues, etc.</li> <li data-xf-list-type="ul">Higher interest rates: companies managing debt maturities and restructuring risk, and the impact that has on deal activity</li> <li data-xf-list-type="ul">Shareholder activism and ESG scrutiny: increased pressure in public companies around governance and sustainability</li> </ul><p>You aren't necessarily expected to have an in-depth understanding of technical commercial events and terms for an AC. More importantly, you need to show that you can logically think about current events and connect them to the wider business consequences.</p><p></p><p>Best of luck with the AC! <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: 249778, member: 42112"] Hello! Congratulations on the AC invite!! For commercial awareness, I would focus less on trying to know everything and more on building a structured way of thinking. Pick one or two reliable sources that you find particularly useful (e.g. FT, BBC Business, etc.) and read them consistently. When you are reading a commercial story, don't just memorise the facts - ask yourself what the consequences of the story are. For example, who is affected, why it matters commercially, how it might impact a company / client, and how a law firm might get involved. This is how commercial awareness is tested in ACs and interviews, rather than asking you to recite news stories. As for current topics to follow, I definitely need to brush up on my commercial awareness (so I'm sure there's many other topics!) but I'd keep an eye on: [LIST] [*]Geopolitical instability: conflicts affecting energy prices and shipping routes, US + China trade tensions, shifting regulations, etc. [*]AI and regulation: compliance risk, data protection, IP ownership (+ there are a few cases recently on this topic), liability issues, etc. [*]Higher interest rates: companies managing debt maturities and restructuring risk, and the impact that has on deal activity [*]Shareholder activism and ESG scrutiny: increased pressure in public companies around governance and sustainability [/LIST] You aren't necessarily expected to have an in-depth understanding of technical commercial events and terms for an AC. More importantly, you need to show that you can logically think about current events and connect them to the wider business consequences. Best of luck with the AC! :) [/QUOTE]
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TCLA Vacation Scheme Applications Discussion Thread 2025-26
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