I started my Competition seat a few weeks ago (my final seat of my training contract at S&C). Having previously undertaken three seats in general practice (capital markets, M&A and leveraged finance), I am excited to gain some experience in more contentious work. I start the week by doing some background reading on the two deals I have been staffed on. I had previously worked on one of these deals in my M&A rotation, so it was great to see how this matter continued to progress from an antitrust perspective. I then meet up with my supervisor to discuss the deals in more detail and some of the questions I had about the antitrust filing process. After the meeting, I start to prepare a draft merger filing application for submission to the European Commission.
An associate asks for my assistance on a new deal that she is working on and so I go to her office to discuss the transaction and some of the workstreams that I can assist with. I put together a multi-jurisdictional analysis table which sets out which countries our client will need to make a merger filing in. This is an interesting task as it's helpful to get to grips with how antitrust regimes differ from country to country. I have lunch in the canteen with my colleagues.
Our monthly catch-up call with the Brussels team is scheduled for today. One of the associates in the Brussels office gives an interesting presentation on recent merger control developments in the European Union. We work very closely with our colleagues in Brussels and so it’s nice to catch up with them in a more informal setting.
This afternoon the New York office is running a ‘boot-camp’ training seminar on SPAC transactions. Whilst I am not currently working in General Practice, this session is very informative as I worked on multiple SPAC issuances during my previous rotation and its helpful to see how U.S. market practice differs from that in Europe.
After the training I meet with the associate I am working with for coffee, before continuing to work on the multijurisdictional analysis table.
In the morning, we have a call with one of our clients to discuss the progress being made on the various jurisdictions that we are filing merger and FDI notifications in. After the call I then draft a note of what was discussed and circulate it to the team so that everyone is clear what the next steps are. The day goes by quickly and in the evening I head off to meet some friends for drinks at a nearby bar.