Commercial awareness: Commercial awareness

A guide to commercial awareness

What is commercial awareness?

Commercial awareness is one of the key skills that law firms look for in future trainees

How to increase your commercial awareness

Aside from reading the news, there are more interactive ways to build your commercial awareness

How to show firms you 'think business'

Here's how to demonstrate commercial awareness to law firm recruiters

Harry Clark - LCN's resident commercial awareness blogger

How to use Porter's Five Forces to analyse industries

When analysing a given commercial story or scenario it is critical to understand and identify what ‘industries’ are being affected

Which news story should I choose to analyse in my application or interview?

There are a number of key factors to consider when selecting which news story to comment on. Here are a handful!

How to develop commercial awareness during covid-19

In the current climate keeping up to date with commercial stories and trying to upskill from home can be difficult

Your commercial news round-up

Be sure to check the News every Thursday for this weekly commercial news round-up

News

London’s congestion charge, Amazon and Deliveroo, JD Sports, Shell, Nestlé: your commercial news round-up

The week’s news has been dominated by the government’s announcement that UK lockdown measures will be eased on 4 July, including a reduction in the two-metre social distancing rule and the opening of pubs, restaurants, hotels, hairdressers and barbers. As such, this commercial news round-up aims to bring you other important news from the business and legal world that may have understandably slipped under your radar.

News

Furlough fraud, trade deals, legal sector revenues and more: your commercial news round-up

With training contract application deadlines looming over the next two months, it’s crucial that you stay up to date with the latest developments affecting the business and legal worlds.

News

Brexit trade talks, BP, Frankie & Benny’s, aviation sector, Hovis, Iceland Foods, Intu Properties, Honda, Sanctuary Students: your commercial news round-up

Do you need a recap of this week’s news from the business and legal world? Take a look at LCN’s commercial news round-up, which provides a brief overview of some of the week’s main stories. And to test how much attention you’ve been paying to the news this week, head over to LCN’s Instagram stories and take part in our weekly quiz on Friday!

Top up your commercial awareness

A weekly email bringing you the latest articles from top law firms

Coronavirus Q&A for students

What we know so far about how COVID19 is affecting legal education and recruitment

Five easy and practical ways to boost your commercial awareness

A list of small and easy ways to understand the business world and how law firms and their clients operate within it

Have you read?

Commercial Questions

The Commercial Question is a weekly article written by a leading firm designed to get you thinking about commercial issues.

LCN Says

Josh Richman - Commercial awareness: how to show firms you ‘think business’

Josh Richman

Commercial awareness is understanding that being a lawyer involves much more than just knowing the law – you have to know your clients’ businesses and the sectors they operate in to be able to help them achieve their commercial aims.

LCN Says

The career impact of coronavirus

Around the country there will understandably be students and paralegals alike worrying about the impact the current covid-19 global pandemic will have on their prospects and legal careers.

Videos

See more videos

CASE STUDY COMMERCIAL AWARENESS case study - arts & culture sector

CASE STUDY COMMERCIAL AWARENESS case study - China US trade war

CASE STUDY COMMERCIAL AWARENESS case study - Pfizer

TOP TIPS 5 tips to improve your COMMERCIAL AWARENESS

INSIDE INFORMATION What is COMMERCIAL AWARENESS and how do I get it?

Commercial content from our bloggers

Flexibility within the legal market

The legal market as a whole is becoming increasingly more flexible and in this post, I will examine three of the main drivers of this development

Furloughing: what is it and how does it relate to the law?

When the chancellor first announced a plan for the government to pay some employees’ wages, it may have sounded simple. However, in reality its legal implications are anything but

Four websites to help boost your commercial awareness

Here are four sites that can help you with this in an easier way than endlessly scrolling through the Financial Times’ website the night before your assessment centre.

Want to learn more?

Continue reading articles written by leading firms designed to get you thinking about commercial issues

Commercial Question

Coronavirus and company dividends

Written by

What are the practicalities of declaring final dividends in light of covid-19 and what can companies do if they no longer consider that the payment of a dividend is appropriate?

Commercial Question

UK merger control during the covid-19 pandemic

Written by

What is the Competition and Markets Authority’s (CMA) guidance to businesses on merger assessment during the covid-19 pandemic?

Commercial Question

CMA, businesses and failure to respect cancellation rights

Written by

How will the CMA respond to complaints about unfair practices in relation to cancellations and refunds?

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