If asked in an interview about a recent commercial news story that interested you/that you've been following, what should you include in your answer and how should it roughly be structured? Thanks!
Hi
@Ashton97
From my experience , interviewers who are asking this question will be more focused on your reasons for interest rather than the news story you offer. Therefore my advice when preparing for these commercial awareness questions is to select 3- 4 stories/deals you are particularly interested in (preferably from a variety of sectors or from the sectors the firm you are interviewing with focuses on).
When you are researching these stories/deals ask yourself:
What market/ industry was this achieved in, and what are the current trends e.g. is this an emerging market, a declining market?
Was this the first deal of this kind and why? When was the last/similar deal completed and what were the reasons for the time lag?
Was this deal particularly more complex and why? (Consider cultural, financial, environmental, tax and competition implications)
If the story is one involving the firm you are interviewing at- why was X firm able to succeed on this deal (consider location e.g. are they the only firm with practising capacity in that region, and practice area e.g. does X firm offer a unique service to clients that cannot be offered elsewhere)
I think if you approach your preparation for this question from this angle, this will really help to tailor your answer!
Hope this helps and best of luck!