Commerciality remains top of many recruiters’ list of ideal traits for their future trainees - where better to develop that skill than with a small collection of topical business news stories, designed to help you to start thinking like a lawyer.

It’s been a tumultuous week in British politics and it’s guaranteed that headlines, and our worries, will be very much dominated by Brexit over the coming weeks. We’re highlighting the commercial side of this week’s news, however. Here’s our round-up of the big stories.

One of the crucial skills that all lawyers – aspiring and qualified – must have is good commercial awareness. While you aren’t expected to know everything about the law, you are expected to understand commercial issues that effect law firms as businesses and their clients. When you are reading the news, select a few stories that really interest you and follow them as they progress – this is one way that you can develop your commercial awareness and impress recruiters during your application and interview. Read LCN’s summaries of some of the week’s biggest stories to get you started.

Expect most news agencies to be preoccupied by the mayoral election today, but there is still lots of commercial news doing the rounds.

This week’s round-up isn’t one to miss, with some familiar favourites (strikes), as well as the latest commercial developments. The Bank of England is facing criticism as a result of comments made by its chief economist, while Sadiq Khan’s popularity continues to fade in London and Labour politician Diane Abbott apologises over antisemitic comments. 

Aspiring lawyers must consider the impact that both Brexit and the coronavirus pandemic are having on law firms and their clients. Take a look at this round-up for some insight into the stories that caught our eye this week and think about what additional work you can be doing to analyse them further and demonstrate your commercial awareness in upcoming vac scheme or training contract interviews. You can also listen to our most recent podcast episode ‘commercial awareness is a frame of mind’ for some more guidance on this essential skill.

Build your commercial awareness with this latest round-up and have a safe, happy Pride. 

There’s lots to be getting stuck into in this week’s commercial news round-up, including acquisitions, employment and tech – what’s on your radar? 

‘Commercial awareness’ is a term you’ve probably heard thrown around a lot by law firm recruiters.

It’s so easy to consume regular, up-to-date information in our modern world. Listening to podcasts and browsing social media are easy and interactive ways for candidates to work on their commercial awareness. And, as the world becomes increasingly digital, there are more podcasts and influencers than ever on the legal scene for you to follow and learn from.

England have reached the FIFA World Cup Final for the first time since 1966, Michael Burry has shorted the stock market, the UK government is cracking down on gender-neutral toilets and companies aren’t happy about Britain’s tourist tax. Plus, six in 10 British people want to rejoin the EU.  

Did you know you can make the most of LawCareers.Net’s FREE MyLCN account to unlock a host of benefits to support your journey into law. 

Excellent commercial awareness is a key skill that all law firms look for in their future lawyers. What steps are you taking to develop yours? We have summarised some of the week’s commercial news for you.

The Solicitors Qualifying Exam officially came into force yesterday, changing the way aspiring lawyers qualify. As well as staying up to date with training and education trends that impact you directly, it’s also important to continue to develop your commercial awareness. 

Happy New Year! Welcome back to the commercial news round-up. Starting with a reflection on 2022, we’ll take a look at the changes in the UK’s average annual temperature before ooking forward to Prime Minister Rishi Sunak’s plans for the future.

We’ve made it to July and unlike the British weather right now, this round-up is hot, hot, hot with the latest commercial stories. We’re covering the Paris protests, ticket office closures, Just Stop Oil, conversion therapy and copyright law.

This commercial news round-up touches on some of the issues brought about as a result of the cost-of-living crisis, as well as developments in other areas that we think you might also want to keep on your radar. 

In this week’s round-up, we take a look at the COP28 summit (which began today), train strikes, controversy surrounding Nigel Farage and Spotify wrapped. Find out more in the round-up.

Thames Water is warning that it may not survive unless it’s allowed to increase water bills by almost 60% over five years and the British Retail Consortium reports that shop prices in the UK have fallen for the first time in nearly three years. Meanwhile, Telegram’s CEO Pavel Durov has been charged for allegedly allowing criminal activity on the messaging app, and vape manufacturers in the UK are adapting their products to avoid a legislative crackdown on single-use devices.

Commercial awareness is one of the key skills that law firms look for in future trainees so taking the time to build yours is essential to becoming a lawyer.