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You don't need to know anything prior apart from this. Make sure to go through some good SEBI AO or WTM Orders to get an idea as to how these proceedings are conducted and also look out for some landmark SAT Judgements. That's it. You are all set for the Job/Internship.
Ok let me tell you this - people are giving solutions that have no relevance in at least today's 2025 era. They might have used to work in the past, but not anymore.
1. Connecting with alumni - one of the most generalised advise ever. First of all an alumnus would not give a two cents ***K if he or she doesn't know you on a personal level. The majority of the alumni won't even care to raise a finger for you. It's very rare one of alumni would care to go a certain length for you. Rest won't care. The biggest myth of connecting to alumni gets you a reference or lead.
2. Networking - To all the future soon-to-be-graduates and the new joinees to law schools, kindly keep your egos and fear aside and talk and bond with your fellow seniors. They will be the ones to save you when you graduate (when you dont have a job in hand)
3. Applying to 100s of law firms - the hiring landscape has been dangerously transitioning from fresher hiring to giving out PPOs. Why this is happening, and who came up with this idea, no one knows. Entry-level associate positions now require at least 6 months of experience. This is how the job market has been. And it's really saddening.
Best course of action - Don't lose hope. No matter what happens, the sun will rise in the morning.