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This answer makes the most sense among all of those above. It's a simply-structured (although hardly simple) question, and HR has said before that the key to answering the questions is reading into what A&O is asking for, rather than what you think A&O is asking for. I think there are two main tracks: Either write about an area of the law that has affected you personally (could be non-commercial and reveals more about yourself and general critical thinking skills), or some area of commercial law that you really feel passionate about.

To be frank, though, I would find it absurd for a student to suggest that the ONE law they would make would be something about corporate law unless they were personally involved in a project of some sort like RCBell above. The question is clearly nonspecific for a reason - there's really no fixed approach unlike the rigidity of past years' questions. At the end of the day, it's a trade-off: If you write about non-commercial law, you could leverage the opportunity to demonstrate your ability to think outside the box, analyse societal problems and relate to a deeply personal issue of the law; if you write about commercial law, you can demonstrate commercial awareness but risk being viewed as narrow-minded. Favouring one approach over another is entirely dependent on which one is best able to showcase your personality and strengths to HR.