The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Commercial awareness is a phrase that recruiters and candidates alike are obsessed with. Indeed, I can’t remember a week when someone hasn’t asked me to define what I personally think is an over-used buzzword.
My advice is to stop obsessing with the meaning of commercial awareness and to focus on becoming commercially aware. But this isn’t something you’ll be able to develop overnight so if you think flicking through the FT or Economist the day before your interview is sufficient then you might as well wave goodbye to that elusive training contract/pupillage offer.
Being commercially aware is all about demonstrating a real commitment to a career as a business lawyer. One way to do this is to show you have a proper understanding of exactly what commercial law firms/barristers chambers do and how they interact with other City players such as investment banks or private equity houses.
But taking a list of deals that a firm has recently advised on from its website and reeling it off at an interview isn’t going to impress anyone. If possible, try to find out what role the firm played on the deal and why it was significant. Did it involve a key or new client or break new ground?
If you’re wondering where you’ll get hold of such information then look no further. Lawyer2B.com is launching a brand new FREE fortnightly email next month (May).
“Deals Watch” is designed to help you stay up to date with all the latest transactions that are making the headlines. What’s more in true Lawyer2.com style we’ll remove all the jargon and indeed the puff.
And if that’s whet your appetite we will also put be putting different practice areas under the magnifying glass. So if you want to know how private equity is weathering the economic storm then make sure you watch this space.
PS – for those of you who are leaving university later this year and are yet to secure a training contract or pupillage then why not subscribe to Lawyer 2B magazine and get it delivered to your home address. It only costs £13.75 for all four issues (Autumn, Winter, Spring and Summer), which I think is a great investment in your future career. Click here for more details.