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Aspiring Lawyers - Applications & General Advice
Applications Discussion
Ask 3 future trainees (Magic & Silver Circle, International Elite) ANYTHING! *New TCLA Team Members*
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<blockquote data-quote="Naomi U" data-source="post: 47187" data-attributes="member: 4043"><p>Hi [USER=4098]@futuretraineesolicitor[/USER]</p><p></p><p>Happy New Year to you also!</p><p></p><p>Everyone will have their approach to gaining commercial awareness that works best for them. For me, I took a very simple approach mainly via podcasts. My favourite was Wake Up to Money on BBC 5 Live Radio which I listened to every morning whilst getting ready or on my way to uni. I think this is a great way of keeping updated on a wide range of sectors, industries and markets. I also really enjoyed it as they often brought on guests which enabled me to begin to develop my own opinions. If I found anything particularly interesting, I would then look up articles and videos to gain a better understanding of it. I was also particularly interested in the consumer retail industry and so subscribed to a website called Retail Gazette, which again was great at providing interesting updates on a wide range of companies.</p><p></p><p>In addition to the above, I changed my homepage to BBC news which I think is a great idea as it means you are subconsciously updating yourself every time you go on your laptop even if your main intention was just to watch Netflix!</p><p></p><p>It's important to find a way to allow the act of improving your commercial awareness to become part of your daily routine. It should feel natural. Don't feel pressured to read expert articles or spend hours listening to something you have no interest in. I think that commercial fluency is just as important as commercial awareness because at the end of the day you want to be able to have a discussion with your interviewers. So don't see it as a memory game or a test of how much can you can know about XYZ.</p><p></p><p>I believe what helped me to do really well on the commercial awareness stages of interviews was the fact that I focused on a few industries I found most interesting and followed them. Some of the ones I remember following were the airline industry, consumer retail (traditional brick and mortar models vs clicks and bricks), and the hospitality industry (particularly delivery service companies) and the entertainment and media industries. You can also tailor these industries to those your chosen firm focuses on. </p><p></p><p>By doing this in addition to keeping aware on current affairs both nationally and internationally, I was not only able to tell my interviewers about deals I found most interesting, but I was also able to have detailed discussions about why.</p><p></p><p>I think this is what firms are looking for when they ask for commercial awareness.</p><p></p><p>Here are some links to the resources I mentioned:</p><p><a href="https://www.bbc.co.uk/programmes/b0070lr5/episodes/downloads" target="_blank">https://www.bbc.co.uk/programmes/b0070lr5/episodes/downloads</a></p><p><a href="https://www.retailgazette.co.uk/" target="_blank">https://www.retailgazette.co.uk/</a></p><p></p><p>Another great podcast I discovered was the Commercial Awareness Podcast by Tapiwa Museba on Spotify.</p><p></p><p>I hope this helps!</p></blockquote><p></p>
[QUOTE="Naomi U, post: 47187, member: 4043"] Hi [USER=4098]@futuretraineesolicitor[/USER] Happy New Year to you also! Everyone will have their approach to gaining commercial awareness that works best for them. For me, I took a very simple approach mainly via podcasts. My favourite was Wake Up to Money on BBC 5 Live Radio which I listened to every morning whilst getting ready or on my way to uni. I think this is a great way of keeping updated on a wide range of sectors, industries and markets. I also really enjoyed it as they often brought on guests which enabled me to begin to develop my own opinions. If I found anything particularly interesting, I would then look up articles and videos to gain a better understanding of it. I was also particularly interested in the consumer retail industry and so subscribed to a website called Retail Gazette, which again was great at providing interesting updates on a wide range of companies. In addition to the above, I changed my homepage to BBC news which I think is a great idea as it means you are subconsciously updating yourself every time you go on your laptop even if your main intention was just to watch Netflix! It's important to find a way to allow the act of improving your commercial awareness to become part of your daily routine. It should feel natural. Don't feel pressured to read expert articles or spend hours listening to something you have no interest in. I think that commercial fluency is just as important as commercial awareness because at the end of the day you want to be able to have a discussion with your interviewers. So don't see it as a memory game or a test of how much can you can know about XYZ. I believe what helped me to do really well on the commercial awareness stages of interviews was the fact that I focused on a few industries I found most interesting and followed them. Some of the ones I remember following were the airline industry, consumer retail (traditional brick and mortar models vs clicks and bricks), and the hospitality industry (particularly delivery service companies) and the entertainment and media industries. You can also tailor these industries to those your chosen firm focuses on. By doing this in addition to keeping aware on current affairs both nationally and internationally, I was not only able to tell my interviewers about deals I found most interesting, but I was also able to have detailed discussions about why. I think this is what firms are looking for when they ask for commercial awareness. Here are some links to the resources I mentioned: [URL]https://www.bbc.co.uk/programmes/b0070lr5/episodes/downloads[/URL] [URL]https://www.retailgazette.co.uk/[/URL] Another great podcast I discovered was the Commercial Awareness Podcast by Tapiwa Museba on Spotify. I hope this helps! [/QUOTE]
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