Whether you’re a first-year university student or you’re making training contract applications as we speak, building on your commercial awareness should be a top priority and is key to your success. Use LawCareers.Net’s weekly Thursday round-ups and our commercial awareness hub to help to keep you in the loop.

It’s been a couple of weeks since we’ve published our last commercial news round-up and in that time it seems as if a lot has happened – from the escalation of the tensions between the US and Iran, to the worsening of the Australian wildfires which have so far destroyed over 32,000 square miles of land, killing millions of animals. 

Today, the Bank of England announced that it’s raising interest rates to 1.75% – the biggest hike in 27 years – in an effort to curb the inflation driven by the consequences of Russia’s invasion of Ukraine. Plus, read snapshot summaries of some of the week’s standout news stories in this week’s round-up.

It’s A-level results day and as thousands of students across the country find out where they are going to study at university, we urge all incoming law students to head to our first-year zone for more information on what to do at this stage. Meanwhile, we’ve summarised a collection of interesting and relevant commercial news stories below.

As we continue to read about the ongoing rescue efforts in Turkey, we’ve put together a short summary of five commercial news stories that should be on your radar for this week’s round-up.

There’s a lot of newsworthy information from the past week, and we’re here to put the top stories on your radar with this week’s commercial news round-up.

In a week in which MPs prepare themselves to vote again on the Brexit deal at the start of next month, and the Jeremy Kyle Show was cancelled after a guest’s death, there have been plenty of noteworthy news stories to keep abreast of. For in-depth analysis of the latest legal and commercial issues, we would always recommend signing up to Lexology. 

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.

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.

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.

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

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.

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. 

While the UK economy shows a modest recovery, concerns about prolonged stagnation persist. Meanwhile, a new report highlighted the potential for catastrophic climate shocks to halve global GDP by 2090 if immediate action isn't taken. Back in the UK, there’s been a call for fairer treatment of rail passengers who make honest mistakes when purchasing tickets. Plus, TikTok users in the US are flocking to the Chinese app RedNote as a potential ban looms. Dive into these pressing issues in this week’s commercial news round-up!

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.

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.  

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.

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