interview qs Flashcards

1
Q

why theology

A
  • Advantages of non-law degree: greater diversity within workplace, reflects diversity of clients. Fresh perspective, can bring my experiences. Key to remaining competitive within the industry
  • Advantages of theology
    o Religion as a concept = key to society. Politics etc. learn how aspects of society interact
    o But also skills from theology of analysis, research = useful for law
    o Law is a topic that comes up in my degree quite a lot. Ethics and faith paper = basically looking at the origins of law and how it relates to religious sphere
    ♣ I wrote an essay on whether the legal concept of human rights can be said to exist and if so whether it is a religious idea. Wrote a relationship on whether the law and politics are necessarily related
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2
Q

why law

A
  • Talk about range of factors inc. nature of work and industry
    o Academic rigour required
    o Lifestyle appeals to me
    o Problem-solving and finding solutions – anticipating issues that might affect a client
  • Work experience
    o Experienced this at KWM, CULS
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3
Q

why commercial law

A

o Understanding what drives a business, what it is trying to achieve
o Factors that influence how business practice happens (YE)
o Competition that goes with commerce and drive to achieve competitive advantage
o Commercial world = constantly changing. Need to be able to adapt business and spot how changes may affect your business
- Especially in London: global city, hub of international finance

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4
Q

why slaughters

A
  • Talk about initial impressions
  • Multi-specialist approach
    Culture
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5
Q

why city

A
  • Global city
  • Hub of international finance
  • Buzz of the city = motivating
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6
Q

why solicitor

A
  • Barrister = self-employed
  • Attended Middle Temple and experienced barrister chamber
  • Didn’t like the training pupillage process as much
  • Think solicitor suits my style of work better – research, initial contact with client etc.
    Job security of solicitor
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7
Q

other professions?

A
  • Both demand strong work ethic and provide interesting, fast-paced work
  • Finance = generally more quantitative
  • Greater diversity of focus in law – can focus on finance but also technology etc.
  • Also like the further study required in law, feel like it will be a good way to ease myself into new path
  • Critical thinking, analysis of texts/documents appeals to me more
  • Trainee at SM yesterday said law = more academic
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8
Q

what I can gain from law

A
  • Enriched understanding of how society functions
  • Develop my skills
  • An exciting style of work
    Fast paced
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9
Q

qualities of lawyer

A
  • Resilience – motivated, take work very seriously
  • Communication – Producing role, volunteering
  • Common sense – law is not merely theory
    o Anticipate your work. Think forward
    o Collaborative common sense – need to look out for eachother
    o Admitting when things are getting too much – link to Lent term
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10
Q

q of god vs. contemp

A
  • Difference between QofGod and Understanding Contemporary Religion
    o Very different style of writing
    o History with QofGod – difficult Lent term, difficult supervisor. 2:2 on mock, super upset and worked extra hard
    o Understanding contemporary religion – different style of writing. More sociological/ethnography based. Think I tried to be too in depth given time limit and didn’t quite capture the conceptual aspect of it
    o But I have actually decided to do coursework continuation of that paper
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11
Q

3 strengths

A
  • Communication – Age Concern, producer
  • Resilience – commitment to law
  • Enthusiasm – access
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12
Q

how to answer strength questions

A
  • Pick a quality
  • Give evidence/proof
  • Why is this relevant to role?
  • “My greatest strength is my ability to deal with the unexpected. When a member of our debating team dropped out at the last minute, I volunteered to take on her role. With help from my teammates I used the journey to research and prepare. Although I could have done better with more time, the key result was that we didn’t forfeit and still managed to gain several places in the standings. I know this role will involve unexpected situations where I’ll be expected to adapt and respond quickly, so I think I have a lot to offer.”
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13
Q

how to answer weakness questions

A
  • Pick a quality of yours that needs work (if you’re not sure, ask someone who has taught or employed you)
  • Explain why it’s a weakness and what effect it’s had on your work
  • Explain how you’re addressing it
  • Talk about what you want to achieve in future
  • “I sometimes have problems knowing when to ask for help. For example, when I was doing my biochemistry research project I tried out an unfamiliar technique and ended up making a mistake. If I had asked for a demonstration from my advisor beforehand I’d have saved myself some repeated work. I’m glad to be a person who takes initiative, but since then I’ve been much more careful about judging when I need to stop and get advice. I know I’ll have a lot of individual responsibility in this role, so it’s really important to me.”
  • FOR ME, USE THAT I STRUGGLE TO ADMIT WHEN I HAVE TOO MUCH ON – LAST YEAR MY WORK LOAD WAS PARTICULARLY HEAVY. IT TOOK ME TO REALISE HOW IT WAS AFFECTING MY QUALITY OF WORK TO REACH OUT FOR HELP. I HAVE BECOME A LOT BETTER AT TIME MANAGEMENT BUT ALSO BEING HONEST WITH MYSELF ABOUT WHAT I CAN MANAGE. IT GOT TO THE POINT WHERE I WAS WORKING MYSELF AN UNHEALTHY AMOUNT TO GET THINGS DONE. NOW, I AM HONEST WITH SUPERVISORS ABOUT MY LEVEL OF WORK THAT WEEK, AND UNAFRAID TO ASK TO SPREAD MY SUPERVISIONS OUT ETC. THIS IS IMPORTANT FOR S&M – THE WORK LOAD CAN BE SUBSTANTIAL AND I NEED TO BE HONEST WITH PEOPLE ABOUT WHAT I WILL BE ABLE TO COMPLETE TO THE HIGHEST LEVEL.
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14
Q

main competitors

A
-	Know who the competitors are 
o	Clifford Chance and Linklaters given specialism and status as magic circle – transactional so strong emphasis on corporate law 
-	Why did I pick SM
o	Corporate reputation – advise more FSTE 100 and 250 firms 
o	Multi-specialist approach 
o	International approach 
-	Recent deals 
-	Culture of place 
o	No face culture, no time targets
Initial impressions of firm already
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15
Q

key industry sectors

A

o Technology
o Financial institutions
o Fintech

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16
Q

practice areas

A

o M&A
o Corporate and commercial
o Competition
o Tax

17
Q

advantages of sector focus

A
  • Building stronger relationships with clients, client retention
  • Opportunity to start more conversations
  • Increased sector knowledge
  • Point of competition with other firms
  • Sector expertise and contribution
  • E.g. sharing sector reports, sector networking events, writing testimonials for client websites
18
Q

what is commercial awareness

A
  • Not just knowledge of industry but also a mind-set
  • Making connections between approaches and commercial context
  • Not just achieved through reading the news, seen in experiencing different cultures/speaking to people from different business backgrounds
19
Q

how do you think UK businesses will be affected by Brexit

A
  • Relations between US and UK
  • Clients are seeking advice from solicitors re. future of Brexit
  • Businesses with cross-border transactional work may see decline in profit
    But…link to businesses abroad who may profit from it
20
Q

what caused the financial crisis

A
  • Too much lending – easy access to cash to buy houses or start businesses
  • Deregulation so people/banks could gamble more than they could afford to lose
  • Led to banks no longer lending to each other or people, some of whom had perfectly good businesses but did not have access to money
  • Bankers = to blame
    o Lent money to get commission without doing their homework
    o When things went badly the people who they lent to did not have any valuable assets to pay them back with
    People completely stopped lending due to the panic this caused, limited growth
21
Q

main challenges for firm today

A
  • Particularly with city law firms, there is the challenge of regional firms – clients favouring firms in own region if they are able to provide same level of expertise
  • Brexit
  • Freelance solicitors
  • Technology and keeping up to date with innovation
22
Q

passporting

A
  • Passporting = regulation of financial services
  • If a certain firm is authorised to undertake certain activities by the regulator of one EU member state, it can apply for a ‘passport’, and it can do business throughout the EU without needing further authorisation.
23
Q

gdpr and uk

A
  • GDPR is still relevant for UK post Brexit as it applies to trading with people in EU states
  • UK has new Data Protection Act which contains most of GDPR
24
Q

why did china grow so fast

A
  • Special economic zone
  • Resources within China itself
  • Capitalism has shown us that overly-fast growth of capitalism can be problematic (state = very involved in economies. Isolated themselves from outside influence)
  • IMF said they had to open themselves. Economis were opened to global markets, currencies crashed. Economies aren’t strong enough to compete with others – growing really fast but couldn’t keep up. Domestic production was more expensive than imports.
25
Q

impact of rising interest rates

A
-	Personal 
o	Increased cost of borrowing
o	Improved return for savers
o	Higher mortgage interest payments
o	Increased cost of bank loans
o	Bamks may be more willing to lend
-	Economy
o	Exports are less competitive, imports = cheaper
o	Lowers inflation 
o	Slower economic growth 
Rise in borrowing costs
26
Q

example of slaughters deal

A
  • Vodafone and network-sharing with O2 (24 Jul 2019)
    o They are sharing 5G active equipment e.g. radio antennas
    o Greater 5G network autonomy in 23 of the UK’s larger cities
    o More flexibility in deploying technology and meeting needs of customers
    SM has advised V and O2 previously
27
Q

London as global financial centre post-brexit

A
  • Difficult one: may allow for non-EU businesses to thrive
  • But there will likely be a movement of businesses away from London to countries within EU
  • But London has financial expertise
  • Depends on nature of agreement between EU and GB and access granted to GB companies in EU hub
  • Likely they will lose crown but still remain influential
  • GB provides a ¼ of financial services in EU 27 – does the EU allow GB to be financial centre?
  • For the hundreds of small companies doing business with theeu27, the removal of passporting and uncertainty over what will replace it is an existential threat, says John Liver, global head of regulation atey.
28
Q

what does the law firm of the future look like

A
  • Globalisation
  • Technology
  • Individualised services
    Put in context of firm – each firm will respond differently to changes
29
Q

why is chinas growth slowing

A
  • Rapidly aging population
  • Falling birth rate – one child policy
  • Slowing global economy
  • Slowed investment in fixed assets e.g. factories and machinery
  • Government has become more restrained in providing credit to firms and individuals
    Tax cuts – but less effective than infrastructure spending
30
Q

questions to ask them

A
  • What challenges does your firm face to maintain or grow its position in the market?
  • Ask about a particular sector you want to know more about – make it specific.
  • Firm’s recent development, strategy and structure