TCLA's Mastering the City Course
Kickstart your understanding of the financial markets, the City, and the business of law firms
This course is included in our TCLA Premium subscription.
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Welcome to TCLA's Mastering the City Course
Targeted at aspiring lawyers, future trainees and trainees, the ongoing aim of this course is to teach you everything you need to know about the financial markets to excel in your careers.
The goal is to demystify key business and legal topics and provide an overview of how different parts of the City work together.
What does this course cover?
We cover the following topics:
General Commercial Awareness
- Finance and the Capital Markets
- The Money Markets
- The Stock Market, Exchanges, Trading and Clearing Houses
- Understanding Pensions
- Understanding Tax
Law Firms
- Law Firms as a Business
- Project Finance
- Financial Crime
- Partnership Models
- Cybersecurity in Law Firms
- The General Data Protection Regulation
What "Commercial Awareness" do I need to show in an interview?
- Do you have a genuine interest in the commercial world? Does it excite you? Do you have a drive to learn more?
- Do you understand the basic drivers of business? Do you understand how a law firm makes its money?
- Can you think on your feet and make commercially-viable judgements? Can you apply your knowledge of the commercial world to answer questions, breaking down your thought process?
In our opinion, that's what commercial awareness is. It's not about learning XYZ or parroting financial terms in an interview. If you have a genuine interest in the financial world, you'll be equipped to answer any commercial question.
How do I develop commercial awareness?
Commercial awareness is not some elusive skill that only the elite students can develop. It's just like any skill, a skill that can be developed through consistent, deliberate practice. Just like playing a sport, an instrument, or developing a creative skill like drawing, you can get better.
So, if you're struggling right now, wondering how you're ever going to master commercial awareness: we want to remind you that anyone can develop commercial awareness.
That includes you.
Course Curriculum
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StartHow the City works - The Background
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StartStock Markets and their Participants
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StartThe financial markets
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StartWho are the financial intermediaries?
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StartInterview Question: Why is London a leading financial centre?
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StartInvestment Banking
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StartCapital Structure
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StartRaising money
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StartEquity finance
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StartWhat is an Initial Public Offering?
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StartDebt finance
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StartDebt finance and equity finance
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StartSecurity
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StartIntroduction
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StartProfit Vs Pro Bono
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StartBusiness Model
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StartPartnership
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StartAlternative Business Structures
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StartPublic Company
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StartHow Do Law Firms Make Money?
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StartFixed Fees and Conditional Fee Arrangements
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StartMore On The Metrics
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StartUtilisation
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StartRealisation
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StartLeverage
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StartPrice
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StartProfit and Profit Per Equity Partner
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StartPartnership Models
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StartSwiss Verein
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StartConclusion
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StartAppendix - Using Companies House To Research A Law Firm