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Commercial Awareness Discussion
Commercial awareness and reading the news
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<blockquote data-quote="AvniD" data-source="post: 113198" data-attributes="member: 17155"><p>The best thing you can do to feel less overwhelmed by commercial news and also increase your recall is to focus on quality over quantity. </p><p></p><p>You don't need to spend more than 15-30 minutes reading news everyday. What you do need to do for every news story you read, however, is understand the core commercial and legal issue(s) that's being discussed ➡️ what any numbers mean for the economy and any sectors in play (so y% increase in oil prices translates into higher costs for certain industries like aviation, manufacturing etc.) ➡️ what lawyers and law firms can do for any clients that may be impacted (possibly renegotiating contracts, advising them on any obligations that arise as a result of such price changes and what the client can do about them etc.).</p><p></p><p>Even if you're able to apply the above structure for 1-2 news stories a day, you're good because you've learnt how to <em>think</em> like a commercial lawyer rather than just rote-learn a bunch of news stories. </p><p></p><p>I would suggest using either TCLA's newsletter and commercial stories, Watson's Daily or the Financial Times to help with building commercial awareness in this manner. You can also make a word doc with 2-3 commercial news stories that really interest you and keep adding to them as time passes and new developments occur.</p><p></p><p>I hope this helps!</p></blockquote><p></p>
[QUOTE="AvniD, post: 113198, member: 17155"] The best thing you can do to feel less overwhelmed by commercial news and also increase your recall is to focus on quality over quantity. You don't need to spend more than 15-30 minutes reading news everyday. What you do need to do for every news story you read, however, is understand the core commercial and legal issue(s) that's being discussed ➡️ what any numbers mean for the economy and any sectors in play (so y% increase in oil prices translates into higher costs for certain industries like aviation, manufacturing etc.) ➡️ what lawyers and law firms can do for any clients that may be impacted (possibly renegotiating contracts, advising them on any obligations that arise as a result of such price changes and what the client can do about them etc.). Even if you're able to apply the above structure for 1-2 news stories a day, you're good because you've learnt how to [I]think[/I] like a commercial lawyer rather than just rote-learn a bunch of news stories. I would suggest using either TCLA's newsletter and commercial stories, Watson's Daily or the Financial Times to help with building commercial awareness in this manner. You can also make a word doc with 2-3 commercial news stories that really interest you and keep adding to them as time passes and new developments occur. I hope this helps! [/QUOTE]
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Commercial awareness and reading the news
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