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Commercial awareness: your comprehensive guide.

Commercial awareness is a crucial skill to develop for any prospective lawyer, but it can also seem hard to get to grips with. That’s why this week’s newsletter is dedicated to explaining what commercial awareness really means and how, in practical and straightforward terms, you can develop yours. Our LCN Says provides an introduction to the two main aspects of commercial awareness, while the Oracle explores one of those elements – the law firm as a business – in more detail. Meanwhile, the Feature expands on what commercial awareness is and analyses the big commercial stories of 2016 – an essential introduction to law and business for newer readers and a useful refresher for those approaching application time.

PS The Oracle will be conducting a live Twitter Q&A between 4:00pm and 5:00pm on Tuesday 4 October; send all your queries to #AskLCN.

Ashurst LLP

Meet the Lawyer

Helen Raynsford - Ashurst LLP

Helen Raynsford works on fascinating corporate projects at Ashurst, a firm that wants to support and develop its lawyers both professionally and personally. Read on to find out about her journey to qualification and beyond.

Brochure Focus

Trowers & Hamlins LLP

Focus in on everything that Trowers & Hamlins has to offer, learning more about the trainees at this dynamic firm, including where they’ve come from and where they’re going.


Meet the Recruiter

Aisling Barnes - CMS

Aisling Barnes is passionate about recruitment and has a wealth of information and advice for aspiring lawyers looking to apply for a training contract or vacation scheme place. Read on to learn more about CMS and the process for joining this prestigious, full-service firm.

LCN Awards Winner 2016

Best in Law

Akin Gump Strauss Hauer & Feld

We are a warm and open office, and although people are busy and getting on with the job at hand, it’s also non-stuffy and there is limited hierarchy.

Sweet success

LCN Blogs

Sweet success

Having spent the past two years completing the work, riding the highs and weathering the lows which comprise a training contract, I feel fully justified in taking a few minutes to reflect on the experience.

Josh Richman - Commercial awareness: what it means and how to develop it

LCN Says

Commercial awareness: what it means and how to develop it

Commercial awareness is a term which some people find daunting due to its vagueness, but it is actually fairly simple and there is no need to feel as if there is secret code which you haven’t been given.

The rise of fintech

Burning Question

The rise of fintech

What are the current trends and future developments for fintech?



The commercial year 2015-16

Like the laws of physics, there is often a temptation to seek certainty in the cold, hard numbers of business and economics; but such certainty is generally illusory, as the reality inevitably proves more complex and what is one person’s triumph can be another’s misfortune.

The Oracle

The Oracle

The law firm as a business

I know that an essential aspect of being commercially aware is understanding how law firms operate as businesses. I appreciate that commercial firms play an important role in business and have to make money themselves, but is there more to it than that?

Take 5


These five firms all have renowned technology, media and telecommunications practices:


East London

Avery Emerson - Training contract

Avery Emerson has two paralegal vacancies available for candidates who have completed the LPC, with the role also incorporating training provided by the firm’s fee earners.

If this vacancy no longer appears on LawCareers.Net then it has been filled, but keep checking the Jobs section for all the latest vacancies.

Latest news

Two international firms reveal how many autumn qualifiers are staying on

Liberal Democrat conference passes motion expressing “regret” at legal aid cuts

Law Soc slams report branding solicitors “corruption enablers”

Law and business news round-up: Brexit, FCUK, Lloyd’s, Ericsson

Clifford Chance to cut 20 training contracts from 2018 intake

More news »

Upcoming events

London / Monday 10 October 2016

Aspiring Solicitors and Bird and Bird lawyers' lunch

Sheffield / Monday 10 October 2016

DLA Piper evening presentation

Oxford / Monday 10 October 2016

Shearman & Sterling LLP presentation

More events »