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Aspiring Lawyers - Interviews & Vacation Schemes
Vacation Schemes Discussion
The Official Vacation Scheme Diaries Thread
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<blockquote data-quote="Jaysen" data-source="post: 13341" data-attributes="member: 1"><p>An incredible soul shared her diary for the PwC vacation scheme. This is a great opportunity to better understand the structure of a scheme, the types of work you might be doing and how to keep a log of your performance. It's also a glowing recommendation of the PwC scheme!</p><p></p><p><strong>PwC Summer Vacation Scheme</strong></p><p></p><p>Seats: Corporate, Real Estate, NewLaw</p><p></p><p>NB: We were given the opportunity to list our preferences prior to the vacation scheme. While I got lucky and got all my choices, others didn’t and were assigned outside of some of their preferences.</p><p></p><p><strong>Week 1 (Corporate International Business Reorganisations (IBR)):</strong></p><p></p><p> <strong>Day 1:</strong></p><p></p><p><u>Introduction</u>:</p><ul> <li data-xf-list-type="ul">Tour of building, departments, IT policies, vac scheme schedule</li> <li data-xf-list-type="ul">Formal assessments: bail application, written case study, group presentation</li> <li data-xf-list-type="ul">Lunch with trainees and introduction to our first department</li> </ul><p><u>Assigned tasks</u>:</p><ul> <li data-xf-list-type="ul">Reformatting loan notes for trainee</li> <li data-xf-list-type="ul">Four case reviews for senior associate</li> <li data-xf-list-type="ul">Research: formal requirements for a power of attorney for a department memo</li> </ul><p><strong>Day 2:</strong></p><p></p><p><u>Tasks</u>:</p><ul> <li data-xf-list-type="ul">Reformatted loan notes</li> <li data-xf-list-type="ul">Prepared and submitted case reviews<ul> <li data-xf-list-type="ul">Was initially worried as cases were quite complex, took my time to read and familiarise myself</li> <li data-xf-list-type="ul">Concision: limited each review to a page long, only provided essential facts and reasonings.</li> </ul></li> <li data-xf-list-type="ul">Conducted research on PoA requirements using Practical Law</li> </ul><p><u>Catch-up session with supervisor</u></p><ul> <li data-xf-list-type="ul">Insight into ongoing projects, how to navigate vacation scheme</li> <li data-xf-list-type="ul">Advice: Ask for and collate feedback! First seat supervisor responsible for collecting feedback across all three departments, important in decision for TC offers</li> </ul><p><u>Week 3 Group Presentation</u></p><ul> <li data-xf-list-type="ul">Meet-up with group members, discussed our topic and brainstormed potential areas of research</li> </ul><p><u>Week 1 Social</u></p><ul> <li data-xf-list-type="ul">Dinner at PingPong at Covent Garden</li> </ul><p><strong>Day 3:</strong></p><p></p><p><u>Free Time!</u></p><ul> <li data-xf-list-type="ul">Made my rounds across the department to ask for work</li> </ul><p><u>Trainee Training Session</u></p><ul> <li data-xf-list-type="ul">A presentation by a manager and a director from the IBR team on the work they do and how an IBR is structured</li> <li data-xf-list-type="ul">Initially found this to be confusing, but speakers were patient and willing to answer questions</li> </ul><p><u>Department Meeting</u></p><ul> <li data-xf-list-type="ul">Interesting!: discussed challenges brought about by Brexit/Opportunities arising from recent M&A deals.</li> </ul><p><u>Assigned tasks</u></p><ul> <li data-xf-list-type="ul">Reformat a new batch of loan notes for a trainee, submitted on same day.</li> <li data-xf-list-type="ul">Draft board memos for an IBR spanning multiple jurisdictions for my supervisor.</li> </ul><p><u>Tasks</u></p><ul> <li data-xf-list-type="ul">Submitted research on PoA requirements to trainee buddy<ul> <li data-xf-list-type="ul">Trainee buddy reviewed, suggested changes. Gave advice on how to draft the memo before submitting it to the manager.</li> </ul></li> <li data-xf-list-type="ul">Started drafting board memos<ul> <li data-xf-list-type="ul">Noted deadline:<ul> <li data-xf-list-type="ul">Multiple jurisdictions: only complete board memos for one jurisdiction by a set deadline, do as much as possible of the rest after completing the first until transfer to next seat</li> </ul></li> <li data-xf-list-type="ul">Quite challenging: required an understanding of asset transfer between parties in intercompany transactions.<ul> <li data-xf-list-type="ul">Asked supervisor for help, patient in explaining how things worked</li> <li data-xf-list-type="ul">Essential for being able to draft the memos properly.</li> </ul></li> <li data-xf-list-type="ul">Experienced firsthand PwC’s multidisciplinary approach:<ul> <li data-xf-list-type="ul">Cooperation between Corporate IBR Legal team and Tax team</li> <li data-xf-list-type="ul">Tax team figures out most cost-efficient strategy to streamline company group; Corporate IBR team responsible for legal implementation of strategy.</li> </ul></li> </ul></li> </ul><p><u>Week 3 Group Presentation</u></p><ul> <li data-xf-list-type="ul">First meet-up with presentation coach, who gave us advice on presentation topic and research.</li> </ul><p><strong>Day 4:</strong></p><p></p><p><u>Bail Application (with visit to the RCJ after):</u></p><ul> <li data-xf-list-type="ul">Received good feedback, but crossed the eight-minute threshold.</li> </ul><p><u>Assigned Tasks:</u></p><ul> <li data-xf-list-type="ul">Research on the legal effects of e-signing software such as DocuSign in a deed for a manager.</li> <li data-xf-list-type="ul">Research on policies regarding post-Brexit cross-border mergers.<ul> <li data-xf-list-type="ul">Quite a big task: told to complete as much as possible and submit my findings before being transferred to next seat.</li> </ul></li> </ul><p><strong>Day 5:</strong></p><p></p><p><u>Tasks</u></p><ul> <li data-xf-list-type="ul">Submitted and explained my research on legal effect of e-signing software</li> <li data-xf-list-type="ul">Submitted completed memo on PoA requirements.</li> <li data-xf-list-type="ul">Continued research on post-Brexit cross-border mergers and drafting board memos for different jurisdictions.<ul> <li data-xf-list-type="ul">Prepared a handover note explaining what to do for the next vac schemer who would continue both these tasks</li> </ul></li> </ul><p><u>Supervisor Catch-Up</u></p><ul> <li data-xf-list-type="ul">Received generally positive feedback for concision, managing deadlines and clarifying the assigned tasks</li> <li data-xf-list-type="ul">Room for improvement: attention to detail when drafting board memos</li> <li data-xf-list-type="ul">Side note: really strange seeing the office so empty on Fridays (PwC’s Friday work-at-home policy!)</li> </ul></blockquote><p></p>
[QUOTE="Jaysen, post: 13341, member: 1"] An incredible soul shared her diary for the PwC vacation scheme. This is a great opportunity to better understand the structure of a scheme, the types of work you might be doing and how to keep a log of your performance. It's also a glowing recommendation of the PwC scheme! [B]PwC Summer Vacation Scheme[/B] Seats: Corporate, Real Estate, NewLaw NB: We were given the opportunity to list our preferences prior to the vacation scheme. While I got lucky and got all my choices, others didn’t and were assigned outside of some of their preferences. [B]Week 1 (Corporate International Business Reorganisations (IBR)):[/B] [B]Day 1:[/B] [U]Introduction[/U]: [LIST] [*]Tour of building, departments, IT policies, vac scheme schedule [*]Formal assessments: bail application, written case study, group presentation [*]Lunch with trainees and introduction to our first department [/LIST] [U]Assigned tasks[/U]: [LIST] [*]Reformatting loan notes for trainee [*]Four case reviews for senior associate [*]Research: formal requirements for a power of attorney for a department memo [/LIST] [B]Day 2:[/B] [U]Tasks[/U]: [LIST] [*]Reformatted loan notes [*]Prepared and submitted case reviews [LIST] [*]Was initially worried as cases were quite complex, took my time to read and familiarise myself [*]Concision: limited each review to a page long, only provided essential facts and reasonings. [/LIST] [*]Conducted research on PoA requirements using Practical Law [/LIST] [U]Catch-up session with supervisor[/U] [LIST] [*]Insight into ongoing projects, how to navigate vacation scheme [*]Advice: Ask for and collate feedback! First seat supervisor responsible for collecting feedback across all three departments, important in decision for TC offers [/LIST] [U]Week 3 Group Presentation[/U] [LIST] [*]Meet-up with group members, discussed our topic and brainstormed potential areas of research [/LIST] [U]Week 1 Social[/U] [LIST] [*]Dinner at PingPong at Covent Garden [/LIST] [B]Day 3:[/B] [U]Free Time![/U] [LIST] [*]Made my rounds across the department to ask for work [/LIST] [U]Trainee Training Session[/U] [LIST] [*]A presentation by a manager and a director from the IBR team on the work they do and how an IBR is structured [*]Initially found this to be confusing, but speakers were patient and willing to answer questions [/LIST] [U]Department Meeting[/U] [LIST] [*]Interesting!: discussed challenges brought about by Brexit/Opportunities arising from recent M&A deals. [/LIST] [U]Assigned tasks[/U] [LIST] [*]Reformat a new batch of loan notes for a trainee, submitted on same day. [*]Draft board memos for an IBR spanning multiple jurisdictions for my supervisor. [/LIST] [U]Tasks[/U] [LIST] [*]Submitted research on PoA requirements to trainee buddy [LIST] [*]Trainee buddy reviewed, suggested changes. Gave advice on how to draft the memo before submitting it to the manager. [/LIST] [*]Started drafting board memos [LIST] [*]Noted deadline: [LIST] [*]Multiple jurisdictions: only complete board memos for one jurisdiction by a set deadline, do as much as possible of the rest after completing the first until transfer to next seat [/LIST] [*]Quite challenging: required an understanding of asset transfer between parties in intercompany transactions. [LIST] [*]Asked supervisor for help, patient in explaining how things worked [*]Essential for being able to draft the memos properly. [/LIST] [*]Experienced firsthand PwC’s multidisciplinary approach: [LIST] [*]Cooperation between Corporate IBR Legal team and Tax team [*]Tax team figures out most cost-efficient strategy to streamline company group; Corporate IBR team responsible for legal implementation of strategy. [/LIST] [/LIST] [/LIST] [U]Week 3 Group Presentation[/U] [LIST] [*]First meet-up with presentation coach, who gave us advice on presentation topic and research. [/LIST] [B]Day 4:[/B] [U]Bail Application (with visit to the RCJ after):[/U] [LIST] [*]Received good feedback, but crossed the eight-minute threshold. [/LIST] [U]Assigned Tasks:[/U] [LIST] [*]Research on the legal effects of e-signing software such as DocuSign in a deed for a manager. [*]Research on policies regarding post-Brexit cross-border mergers. [LIST] [*]Quite a big task: told to complete as much as possible and submit my findings before being transferred to next seat. [/LIST] [/LIST] [B]Day 5:[/B] [U]Tasks[/U] [LIST] [*]Submitted and explained my research on legal effect of e-signing software [*]Submitted completed memo on PoA requirements. [*]Continued research on post-Brexit cross-border mergers and drafting board memos for different jurisdictions. [LIST] [*]Prepared a handover note explaining what to do for the next vac schemer who would continue both these tasks [/LIST] [/LIST] [U]Supervisor Catch-Up[/U] [LIST] [*]Received generally positive feedback for concision, managing deadlines and clarifying the assigned tasks [*]Room for improvement: attention to detail when drafting board memos [*]Side note: really strange seeing the office so empty on Fridays (PwC’s Friday work-at-home policy!) [/LIST] [/QUOTE]
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