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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
Commercial Awareness Discussion Thread
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<blockquote data-quote="Jacob Miller" data-source="post: 69331" data-attributes="member: 5063"><p>This is definitely a challenge when trying to approach something as wide-ranging as Brexit - the amount of information and breadth of legislative and regulatory change/ impact can be extraordinary and completely impractical (impossible!) to cover in an interview. </p><p></p><p>If I were in your position, I would identify 3 key areas based on prominent practice areas of the firm you're interviewing at and build your thoughts from there. For example, if your firm is a well-known litigation powerhouse, you might want to consider things like the applicability of judgements in international disputes as this was a massive bone of contention in European law, but is also governed by various global treaties etc - how will the new legal landscape in this light affect the firm's clients? Similarly, if you're looking at M&A, you might want to focus on the fact that the issue of parallel competition investigations in multinational transactions are likely to be an increasingly prominent challenge. </p><p></p><p>Don't try and take everything on - it's just impossible in the context - but instead use the opportunity to show that you've a) got a solid understanding of the firm and b) can prioritise and identify key parts even in the midst of a bit of a storm as well as, obviously, discussing a commercial/ legal issue <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="Jacob Miller, post: 69331, member: 5063"] This is definitely a challenge when trying to approach something as wide-ranging as Brexit - the amount of information and breadth of legislative and regulatory change/ impact can be extraordinary and completely impractical (impossible!) to cover in an interview. If I were in your position, I would identify 3 key areas based on prominent practice areas of the firm you're interviewing at and build your thoughts from there. For example, if your firm is a well-known litigation powerhouse, you might want to consider things like the applicability of judgements in international disputes as this was a massive bone of contention in European law, but is also governed by various global treaties etc - how will the new legal landscape in this light affect the firm's clients? Similarly, if you're looking at M&A, you might want to focus on the fact that the issue of parallel competition investigations in multinational transactions are likely to be an increasingly prominent challenge. Don't try and take everything on - it's just impossible in the context - but instead use the opportunity to show that you've a) got a solid understanding of the firm and b) can prioritise and identify key parts even in the midst of a bit of a storm as well as, obviously, discussing a commercial/ legal issue :) [/QUOTE]
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