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Burning Question - Commercial awareness

Commercial awareness - what's it all about?

Law firms want their lawyers and their trainees to have commercial awareness. This means that you need to know what's going on in the business world. When you become a lawyer, you'll need to know how your client works and thinks in the marketplace.

It's likely that a firm will quiz you in an interview to see how commercially aware you are. So we thought we'd help to get you started. Each week we pose a burning question and ask a real lawyer or trainee to write a short answer.

Click here to find out how to become more commercially aware, or see below for recent Burning Questions.

Question of the week

Taking the world by storm

What are the legal and commercial implications, and risks and rewards, of cloud computing?

Previous questions

Other previous questions

Coping with copyright - written by Field Fisher Waterhouse

Who is responsible for preventing online copyright infringement?

Delightful derivatives - written by Field Fisher Waterhouse

What are derivatives and why are they used by investors?

Sky's still the limit for Premier League - written by Field Fisher Waterhouse

What effect will the decision in FAPL v QC Leisure have on how rights owners license their products in the EU?

Shaking up the system - written by Field Fisher Waterhouse

Will radical employment reforms get the balance right between encouraging growth and protecting employees?

You don't have to be posh to be privileged - written by Freshfields Bruckhaus Deringer LLP

How far are communications between clients and in-house lawyers confidential?
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