How does commercial awareness come up in interviews?

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These days, graduate employers tend to look for commercial “interest” as much as (if not more than) commercial “awareness”. You won’t be expected to detail every single commercial, political and economic event that has happened over the past few years, but you will likely be expected to demonstrate an interest in business and the broader commercial factors that are likely to affect the firm and its clients.
Commercial awareness may be tested in various ways during interviews. You may be asked to define “commercial awareness” and explain its relevance to the firm’s employees. You may be asked to speak about a particular news story that has interested you or be asked point blank about a specific event that has recently occurred. However this kind of question is phrased, be ready to put forward an opinion and explain how the story or event could impact the firm and its clients. You may also be presented with a commercial case study, which will require you to demonstrate your understanding of various business, financial and (depending on the context) legal concepts.
This video forms part of the Commercial Law Academy's "Commercial awareness in context" course, which explains the meaning of commercial awareness, how it comes up in interviews, how to develop it, what to consider when discussing current affairs, and how to structure your answers to commercial awareness questions.
The Commercial Law Academy is a comprehensive e-learning platform for aspiring commercial lawyers, complete with hundreds of videos and articles, practical tips, interactive quizzes, insider insights, flow charts, downloadable e-guides and exclusive guidance from industry experts and qualified lawyers.
The content has been created and curated by ex-Magic Circle lawyer and best-selling commercial awareness author Jake Schogger, based on his experiences practising as a lawyer, and coaching, mentoring and training thousands of aspiring lawyers.
Our 20 in-depth courses include: an introduction to legal careers, writing successful applications (plus dozens of example successful applications and cover letters for a range of leading law firms), law firm profiles and assessment centre insights, tackling psychometric tests, networking and LinkedIn, preparing for assessment centres, practical commercial awareness, example real interview case studies, discussing current affairs, presenting effectively and managing nerves, writing professionally, negotiation, legal technology, handling imposter syndrome and rejection, and setting up and growing a business.

[@akskhurana9353]

Great resource!

[@CommercialLawAcademy]

Glad you think so!