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Not nearly as difficult as the initial bar exam. The QLTS is easier than the typical state law exam because it test basic principles of common law that an attorney would be more capable of appreciating based on their experience in practice. You basically take the exam then apply to SRA for admissions. I would say the process is generally akin to sitting for a second bar exam. Whether it makes you more attractive to employers is debatable. I think most corporations understand that a dual-qualified lawyer, especially one who hasn't actively practiced in the UK, probably isn't going to be sufficient to handle most of the UK work, but there may still be some value in having the appearance of being UK qualified.
100% on the money. Not that difficult, just need to cram the exam but no value-add unless you’ve truly practiced in both and have actual expertise