This page contains a Flash digital edition of a book.
COMMERCIAL AWARENESS - Understand it, Develop it & Use it to your Advantage


In this day and age, you


will no doubt have noticed that many law firms seem to be talking about ‘commercial awareness’. If you’re confused by that phrase, then you’re in the right place!


What is commercial awareness?


Put simply, commercial awareness is all about having some awareness of the business world and understanding how commercial issues affect legal matters. It’s all about being able to look at legal situations from a commercial perspective.


Why do I need it?


As your career progresses, it’s likely that you will become more involved in decisions which directly affect your firm and your clients. However, even at a student level, employers will usually be looking for you to have some appreciation of commerciality. This is likely to be tested at interview level; whether in the form of direct questioning or in a group exercise. You might be asked questions on topical issues or you may be required to apply commercial considerations to a given legal scenario.


28


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58