{
    "html_item": {
        "id": 14052613,
        "html_text": "<p style=\"text-align: center;\"><strong><span style=\"font-size: 16px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">Faegre Drinker Vacation Scheme - August 2023</span></strong></p><hr><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 16px;\"><strong>What was the full recruitment process? &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</strong></span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong>1. Application</strong></span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong>2. Telephone interview</strong></span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong>3. Assessment centre</strong></span></span></span></p><hr><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 16px;\"><strong>Which aspect does this report cover?</strong></span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\">Telephone interview and vacation scheme assessment centre</span></span></span></p><hr><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 16px;\"><strong>Telephone interview</strong></span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\">This lasted 25 minutes and was with an ex-partner who then took over graduate recruitment. I was asked five questions in the telephone interview. I can&#39;t remember all of the questions, but I do remember:</span></span></span></p><ul><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">Why commercial law?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">Why Faegre Drinker?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">If you could start any business, what would it be and why?&nbsp;</li></ul><hr><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 16px;\"><strong>Where did the assessment centre take place? &nbsp; &nbsp;</strong></span><span style=\"font-size: 14px;\"><strong>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp;</strong></span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\">In the firm&rsquo;s London office, after the vacation scheme. You are invited to attend the assessment centre if you impress on the vacation scheme and want to be considered for a training contract.&nbsp;</span></span></span></p><hr><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 16px;\"><strong>What did the assessment centre involve? &nbsp; &nbsp; &nbsp;</strong></span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong>1. Partner interview:&nbsp;</strong>there was a 1-hour interview with two partners, one of which was the head of the London office, which included a variety of questions (detailed below).&nbsp;</span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong>2. Written exercise:&nbsp;</strong>this was a 1-hour exercise in which I was asked to review a bundle of documents and then provide advice to a fictional client.&nbsp;</span></span></span></p><hr><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 16px;\"><strong>Partner interview &nbsp; &nbsp; &nbsp;&nbsp;</strong></span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong><em>Motivation questions</em></strong></span></span></span></p><ul><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">Why are you pursuing a career in commercial law?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">Why Faegre Drinker?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">What is it that you like about US firms?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">What are the disadvantages of working for a US firm?</li></ul><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong><em>Competency questions</em></strong></span></span></span></p><ul><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">What do you think are the key skills/attributes needed to become a successful trainee?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">Tell me about a time you showed your creativity and were innovative.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">Tell me about a time where you worked in a team and there was an individual who had a competing view and you had to persuade them otherwise. &nbsp;</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">What is one thing you would change about your parents&rsquo; parenting style when you were growing up.&nbsp;</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">If you had to be an instrument, what would you be and why?</li></ul><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong><em>Commercial awareness/technical questions</em></strong></span></span></span></p><ul><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">In your opinion, what are some of the advantages and disadvantages of Brexit for the UK?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">Tell us about an area of law you are interested in and why?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">Do you think M&amp;A activity will pick up late in 2023 and in 2024?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">Why is restructuring and insolvency work on the rise at the moment?</li></ul><hr><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 16px;\"><strong>Written exercise</strong></span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\">I was provided with documents relating to an M&amp;A transaction involving two pharmaceutical companies. This included the target company&rsquo;s financial statements, information about a portfolio of its products, and a document outlining the target&rsquo;s international strategy.</span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\">Our client was looking to acquire the target company and had some key questions which I had to answer, including:</span></span></span></p><ul><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">Is this acquisition financially lucrative?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">What is the difference between a share acquisition and asset acquisition?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">What is the difference between a vertical acquisition and horizontal acquisition?</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">The target company has a lot of debt with suppliers and is going through a litigation claim at the moment. How could we deal with these risks?</li></ul><hr><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 16px;\"><strong>What was the outcome? &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</strong></span><span style=\"font-size: 14px;\"><strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</strong></span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\">The firm emailed me three days after the assessment centre to tell me I had been unsuccessful.</span></span></span></p><hr><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 16px;\"><strong>Do you have any specific advice on how to prepare?</strong></span></span></span></p><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong><em>General advice</em></strong></span></span></span></p><ul><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Research the firm:&nbsp;</strong>understand Faegre Drinker&#39;s values, culture, recent deals, and clients. Show that you are genuinely interested in the firm and can align with its ethos.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Commercial awareness:&nbsp;</strong>stay updated on current affairs, especially those related to commercial law, M&amp;A, Brexit, and restructuring. Be prepared to discuss recent legal developments and their potential impact.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Technical knowledge:&nbsp;</strong>review key concepts in M&amp;A, such as share vs. asset acquisition, vertical vs. horizontal acquisition, and the implications of debt and litigation in a transaction.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Self-reflection:&nbsp;</strong>think about your own experiences and achievements, especially those related to teamwork, innovation, and problem-solving. Be ready to draw upon these examples during competency-based questions.</li></ul><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong><em>Motivation questions</em></strong></span></span></span></p><ul type=\"disc\"><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Why commercial law?</strong> Highlight your interest in problem-solving, negotiation, and the dynamic nature of commercial law.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Why Faegre Drinker?</strong> Focus on the firm&#39;s unique qualities and values and how they align with your career aspirations.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>US firms and disadvantages:</strong> acknowledge the global reach of US firms, but be aware of potential challenges such as different working cultures.</li></ul><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong><em>Competency questions</em></strong></span></span></span></p><ul type=\"disc\"><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Key skills for a trainee:</strong> mention skills like attention to detail, communication, time management, and the ability to work under pressure.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Creativity and innovation:</strong> share a specific example where you proposed a creative solution to a problem.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Teamwork and persuasion:</strong> narrate a situation where you successfully navigated conflicting opinions within a team.</li></ul><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong><em>Commercial awareness/technical questions</em></strong></span></span></span></p><ul type=\"disc\"><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Brexit:</strong> discuss both advantages and disadvantages, considering economic, legal, and business perspectives.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Interest in an area of law:</strong> choose an area of law you are genuinely interested in and explain why.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>M&amp;A activity and restructuring/insolvency:</strong> support your answers with recent trends, statistics, or industry reports.</li></ul><p><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"font-size: 14px;\"><strong><em>Written exercise</em></strong></span></span></span></p><ul type=\"disc\"><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Understand the scenario:</strong> carefully read the M&amp;A transaction details and the client&#39;s questions to ensure a thorough understanding.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Structured response:</strong> organise your response logically with clear headings and subheadings. Address each question separately, providing concise and relevant information.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Demonstrate legal knowledge:</strong> showcase your understanding of the financial implications of an acquisition, the distinctions between share and asset acquisitions, and the different types of acquisitions.</li><li style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\"><strong>Risk analysis:</strong> delve into the risks associated with the target company&#39;s debt and ongoing litigation. Propose practical solutions or risk mitigation strategies.</li></ul>"
    }
}