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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
confused to commercially aware! trying to develop my commercial awareness
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<blockquote data-quote="confusedlawstudent" data-source="post: 127966" data-attributes="member: 17277"><p><strong><em>Cloud computing market slowdown</em></strong></p><p></p><p>Cloud computing is the delivery of computing services, like databases and software, over the internet. </p><p></p><p>Given the upcoming recession, cloud computing customers are reducing their costs, causing a slowdown in the cloud market. Big cloud-based software provider Salesforce is laying off 10% of its workforce and is closing some offices as a result. There could be more companies having to do this soon. </p><p></p><p><strong>How does this impact law firms?</strong></p><p>Given the benefits of cloud computing in almost all sector, it is likely that most commercial law firms will be affected by this slowdown. </p><p>🔹<strong>Employment lawyers</strong> will advise laid off employees in negotiating settlement packages, and also advise any companies on redundancy projects.</p><p>🔹As some companies might choose to revisit the services or goods they offer to reduce costs, <strong>commercial lawyers</strong> will be drafting terms and conditions, supply agreements, and negotiating existing contracts to meet client's objectives.</p><p>🔹<strong>Corporate lawyers</strong> will advise on restructuring if companies choose to reorganise its internal operations to cut costs, improve efficiency and enhance growth. </p><p>🔹There might also be some scope for <strong>IP lawyers</strong>, who will advise on registering any new IP rights arising from cloud computing companies trying to innovate and produce new technology in order to stand out from the crowd.</p><p></p><p>I don't think this slowdown will last for long though, as the cloud offers too many clear cut benefits, and moving business to the cloud is quite necessary for businesses to stay on top. </p><p></p><p>Also, while it might be expected that this slowdown would mean customers would switch cloud providers to reduce costs, resulting in increased competition, there is apparently not much competition in the cloud market. This is because companies face high switching costs if they try to move their computing to a different cloud provider. </p><p></p><p>Companies that provide infrastructure-as-a-service like Amazon Web Services and Microsoft Azure will stay strong during the slowdown, whereas companies like Salesforce and Dropbox who offer software-as- a-service are more dispensible and likely to suffer in this time. </p><p></p><p>❔<em>Infrastructure-as-a-service</em> is where the cloud provider just manages the infrastructures, and the customer can access them through the internet. This gives the customer control over the infrastructure.</p><p>❔<em>Software-as-a-service</em> provides the software via a third party, meaning businesses have to give ultimate control to the third-party service providers.</p><p></p><p>-------------</p><p></p><p>So that is my attempt at analysing something I read in the FT! Any insight/corrections are much appreciated! <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="confusedlawstudent, post: 127966, member: 17277"] [B][I]Cloud computing market slowdown[/I][/B] Cloud computing is the delivery of computing services, like databases and software, over the internet. Given the upcoming recession, cloud computing customers are reducing their costs, causing a slowdown in the cloud market. Big cloud-based software provider Salesforce is laying off 10% of its workforce and is closing some offices as a result. There could be more companies having to do this soon. [B]How does this impact law firms?[/B] Given the benefits of cloud computing in almost all sector, it is likely that most commercial law firms will be affected by this slowdown. 🔹[B]Employment lawyers[/B] will advise laid off employees in negotiating settlement packages, and also advise any companies on redundancy projects. 🔹As some companies might choose to revisit the services or goods they offer to reduce costs, [B]commercial lawyers[/B] will be drafting terms and conditions, supply agreements, and negotiating existing contracts to meet client's objectives. 🔹[B]Corporate lawyers[/B] will advise on restructuring if companies choose to reorganise its internal operations to cut costs, improve efficiency and enhance growth. 🔹There might also be some scope for [B]IP lawyers[/B], who will advise on registering any new IP rights arising from cloud computing companies trying to innovate and produce new technology in order to stand out from the crowd. I don't think this slowdown will last for long though, as the cloud offers too many clear cut benefits, and moving business to the cloud is quite necessary for businesses to stay on top. Also, while it might be expected that this slowdown would mean customers would switch cloud providers to reduce costs, resulting in increased competition, there is apparently not much competition in the cloud market. This is because companies face high switching costs if they try to move their computing to a different cloud provider. Companies that provide infrastructure-as-a-service like Amazon Web Services and Microsoft Azure will stay strong during the slowdown, whereas companies like Salesforce and Dropbox who offer software-as- a-service are more dispensible and likely to suffer in this time. ❔[I]Infrastructure-as-a-service[/I] is where the cloud provider just manages the infrastructures, and the customer can access them through the internet. This gives the customer control over the infrastructure. ❔[I]Software-as-a-service[/I] provides the software via a third party, meaning businesses have to give ultimate control to the third-party service providers. ------------- So that is my attempt at analysing something I read in the FT! Any insight/corrections are much appreciated! :) [/QUOTE]
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