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Aspiring Lawyers - Applications & General Advice
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Recent business story question
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<blockquote data-quote="Naomi U" data-source="post: 51497" data-attributes="member: 4043"><p>I agree! I think the focus on this question is your ability to understand the wider trends and factors that are affecting the markets and to think about how these will impact on the type of work clients seek from law firms. The retail industry is a very interesting market right now as arguably Covid has sped up the move from traditional brick and mortar retail models as everyone has been forced online, (except a few like Primark)</p><p></p><p>If you choose to talk about the retail sector my tips would be to pick a specific company with a particular business model and try to trace back over the last few months or even a few years to see how; its consumers have changed, how its competitors have changed, its products and locations etc. For all these elements try to see the issues that could arise from the perspectives of different practice areas e,g. what would the corporate team think vs the competition team vs the tax team vs IP etc.</p><p></p><p>I think approaching news stories from this lense is always very helpful!</p><p></p><p>Best of luck <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="Naomi U, post: 51497, member: 4043"] I agree! I think the focus on this question is your ability to understand the wider trends and factors that are affecting the markets and to think about how these will impact on the type of work clients seek from law firms. The retail industry is a very interesting market right now as arguably Covid has sped up the move from traditional brick and mortar retail models as everyone has been forced online, (except a few like Primark) If you choose to talk about the retail sector my tips would be to pick a specific company with a particular business model and try to trace back over the last few months or even a few years to see how; its consumers have changed, how its competitors have changed, its products and locations etc. For all these elements try to see the issues that could arise from the perspectives of different practice areas e,g. what would the corporate team think vs the competition team vs the tax team vs IP etc. I think approaching news stories from this lense is always very helpful! Best of luck :) [/QUOTE]
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