Commercial awareness: Commercial awareness

Trained on vast datasets, Generative Artificial Intelligence models can produce impressively sophisticated outputs − some of which are perhaps indistinguishable from human-created works. However, these new tools raise significant legal quandaries, particularly for copyright law.

Commercial Question

AI Act approved by the European Parliament – what comes next?

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AI Act: what are the legislative and political challenges that could arise?

A guide to commercial awareness

Boost your commercial awareness at LCNLIVE!

Our legal careers conferences are designed to give you an insight into top law firms.

COMMERCIAL CONNECT: interest rates, streaming services, TikTok

Listen to the latest episode of our podcast series where we speak about business news stories.

Trending commercial issues to know about in 2024

Let’s break down the top stories that made headlines in 2023 and consider what you should look out for in 2024.

Everything you should know about this vital skill

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

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'Dear Sirs': call for inclusive language and modernising salutations

Why is it important to replace ‘Dear Sirs’ with more inclusive salutations?

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Transforming public sector procurement in UK

How will the Procurement Act 2023 transform public sector procurement in the UK?

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British farmers and the autumn budget

Why are British farmers up in anger and marching on Westminster?

Top up your commercial awareness

A guide to law firm mergers

Mergers can be an extremely effective way for law firms to expand and reduce costs. Therefore, you’re never too far away from a story about a law firm merger – either contemplated, being negotiated or completed.

What are the types of law firm partnership?

Find out how law firms are structured with this Feature.

The law firm as a business

I know that I need to understand how a law firm operates as a business to be commercially aware. What exactly does that involve?

Your commercial news round-up

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

News

Your commercial news round-up: US Supreme Court and TikTok, Royal Mail, Subway and WWPL, London hospitals

Our final commercial news round-up of 2024 is here! This week, we take a look at: the US Supreme Court’s decision to hear TikTok’s arguments against a ban in the US; the UK government’s approval of the sale of Royal Mail; Subway’s partnership with the Women’s League Cup; and the BBC’s findings on unpaid treatment bills in London hospitals. Stay informed with this round-up.

News

Your commercial news round-up: Meta outage, monthly rent, Scotch, Tesla

Meta is close to resolving a major social media blackout that affected thousands of users and the UK rental market continues to see soaring prices. Meanwhile, in Scotland, First Minister John Swinney has been lobbying President-elect Donald Trump to exclude Scottish whisky from proposed US tariffs, while Elon Musk's electric car company Tesla has been pushing the UK government to increase costs for petrol car drivers. Read on for details of this week’s highlights.

News

Your commercial news round-up: government plans, trains, interest rates, Vodafone and Three, Guinness

Kier Starmer has announced his “plan for change” and the Labour government has revealed that it's nationalising South Western Railway. Meanwhile, interest rates are projected to stay higher for longer, Vodafone and Three are set to merge and high demand for Guinness in the lead up to Christmas has resulted in order limits being placed.

Commercial awareness blog posts

Understanding commercial awareness: why it's essential for you

Commercial awareness is the ability to understand the context in which organisations operate, including their clients, customers and suppliers, as well as the internal and external challenges they currently face and those that may arise in the future.

Ghostbots: who ya gonna call?

At this point, I assume most of us are at least vaguely aware of Generative AI, most likely in the form of natural language models and image generators. However, a somewhat obscure, and rather more macabre application of GenAI has been developing for a few years now, in the form of ‘ghostbots’ − AI-powered digital recreations of the dead.

The pros and cons of working at an international law firm

Coming from an international background, I've always thought an international law firm would be the perfect fit − mimicking the culturally diverse contexts in which I grew up.

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COMMERCIAL CONNECT podcast

King Charles, wages, Taylor Swift, Amazon

The King's speech on Labour government's legislative plan, UK wages, the 'Taylor Swift effect' on inflation and an update on Amazon workers.

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COMMERCIAL CONNECT Podcast

Sainsbury's Bank, Just Stop Oil protests, Amazon

Natwest's purchase of Sainsbury's Bank, recent Just Stop Oil protests and Amazon's Coventry warehouse making steps to unionising.

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COMMERCIAL CONNECT podcast

Interest rates, streaming services, TikTok

In the latest episode of COMMERCIAL CONNECT, Bethany and Ellie from LawCareers.Net sit down to discuss some recent business news.

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Wrestle with PESTLE

These LCN Says articles are part of LawCareers.Net’s ‘Wrestle with PESTLE’ series, which looks at various business case studies using the PESTLE technique

LCN Says

John MacKenzie - Wrestle with PESTLE: Access to justice and the role of legal aid

John MacKenzie

This article will analyse the implications of access to justice and the role of legal aid through the PESTLE framework. I believe this issue is a great way to explore the interaction between public policy and the practical realities of the justice system and legal practice.

LCN Says

Olivia Partridge - Wrestle with PESTLE: Taylor Swift – The Eras Tour

Olivia Partridge

Can we write a PESTLE analysis on (arguably?) the world’s biggest popstar? We’re going to give it a go. Are you ‘…Ready For It?’

LCN Says

John MacKenzie - Wrestle with PESTLE: cybersecurity – threats in the digital age

John MacKenzie

Digital technologies pervade every aspect of our lives. From social media to critical government infrastructure, cybersecurity is of increasingly great concern for individuals, corporations and nations. Cybersecurity threats are complex and adaptive, requiring a holistic approach to understand, mitigate and remediate.