8 articles to read if you want to brush up on your commercial awareness

Interview soundbites galore

Any aspiring lawyer will know the tough graduate recruitment process is far less daunting for candidates who have hotshot commercial awareness skills.

You’ll likely fail to get through a training contract interview, maybe even an application form, without being asked about it — so why not brush up now by reading these eight articles?

1. A lesson in commercial awareness from someone who never used to understand it

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“Hours can be spent agonising over what exactly you need to show an awareness of, but I think it can be broken down into four basic steps.”

[Read the article]

2. Where will corporate law firms be ten years from now?

“Social media offers all sorts of ways of generating new clients, perhaps most obviously through the promotion of a range of free legal services, potentially involving the use of big data. Kids coming into the profession who are brave and bold enough to embrace some of the possibilities could find themselves very well-placed.”

[Read the article]

3. Why junior lawyers shouldn’t be afraid of AI, by a law student

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“In our homes, Amazon Alexa has become our virtual assistant. IBM Watson and Google Deepmind are pushing the boundaries on what computers can do and countless start-ups are finding exciting applications for AI that can be used today.”

[Read the article]

4. Fintech: Can legislation really drive innovation?

“The term ‘fintech’ is no longer enough — instead we see the spawning of ‘regtech’, ‘paytech’, ‘insurtech’ and others to describe the changes that are coming.”

[Read the article]

5. What ‘commercial awareness’ means when you’re a trainee

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“One of the great experiences as a trainee which helps your commercial understanding grow is that the legal sector attracts people with interesting backgrounds.”

[Read the article]

6. Worry more about AI going wrong, says Slaughter and May

“Among the red flags raised by the magic circle firm and perhaps the biggest threat posed by adopting new AI technology is if the software doesn’t work. Computers, like humans, are bound to be stubborn and fail at some point.”

[Read the article]

7. Dates for your diary: The big legal affairs stories to look out for in 2017

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“Here are some of the biggest of the big landmark legal affairs stories set to hit press in the next 12 months.”

[Read the article]

8. How students can turn Brexit to their advantage when applying for training contracts

“There’s never been a better time to impress with your commercial awareness.”

[Read the article]

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17 Comments

Corbynista Commercial Awareness

The history of all hitherto existing society is the history of class struggles.

Freeman and slave, patrician and plebeian, lord and serf, guild-master and journeyman, in a word, oppressor and oppressed, stood in constant opposition to one another, carried on an uninterrupted, now hidden, now open fight, a fight that each time ended, either in a revolutionary reconstitution of society at large, or in the common ruin of the contending classes.

In the earlier epochs of history, we find almost everywhere a complicated arrangement of society into various orders, a manifold gradation of social rank. In ancient Rome we have patricians, knights, plebeians, slaves; in the Middle Ages, feudal lords, vassals, guild-masters, journeymen, apprentices, serfs; in almost all of these classes, again, subordinate gradations.

The modern bourgeois society that has sprouted from the ruins of feudal society has not done away with class antagonisms. It has but established new classes, new conditions of oppression, new forms of struggle in place of the old ones.

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Anonymous

By 300 AD, the Roman Empire extended from Arabia to Britain. But they wanted more. More land. More peoples loyal and subservient to Rome. But no people so important as the powerful Sarmatians to the east. Thousands died on that field. And when the smoke cleared on the fourth day, the only Sarmatian soldiers left alive were members of the decimated but legendary cavalry. The Romans, impressed by their bravery and horsemanship, spared their lives. In exchange, these warriors were incorporated into the Roman military. Better they had died that day.

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Magic Circle NQ

I don’t know why people are criticising this piece. Many of the articles listed are quite helpful. I certainly don’t remember coming across insightful resources like these when I was applying for training contracts.

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Anonymous

Okay serious answer. I got my one and only offer after a vac scheme the Monday after the Friday interview. If you get declined expect a letter or an email not too soon after successful applicants are contacted. I probably heard quite fast as I was on the final vac scheme. If the firm does more than one you may not necessarily hear either way for a while if you are borderline.

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