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Commercial Awareness Discussion
Open Discussion: Interest Rates, Mortgages, Savings Rates, and the Banking Industry
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<blockquote data-quote="Jake Rickman" data-source="post: 144985" data-attributes="member: 8521"><p>TCLA is trialling a new approach to facilitating commercial awareness among the TCLA community. <a href="https://ckarchive.com/b/0vuwh9ho2e4pq" target="_blank">Based on this week's commercial news article</a>, we want to encourage the community to actively engage with each other so that we can all improve our commercial awareness.</p><p></p><p>With the following articles in mind, consider the prompt below:</p><ul> <li data-xf-list-type="ul"><a href="https://www.reuters.com/markets/rates-bonds/central-bank-surprises-see-june-become-bumper-2023-rate-hike-month-2023-07-04/" target="_blank">Reuters, “Central bank surprises see June become bumper 2023 rate hike month”</a>;</li> <li data-xf-list-type="ul"><a href="https://www.reuters.com/world/uk/uk-mortgage-rates-rise-again-turning-screw-homeowners-buyers-2023-06-29/" target="_blank">Reuters, “UK mortgage rates rise again, turning screw on homeowners and buyers”</a>; and</li> <li data-xf-list-type="ul"><a href="https://www.bbc.co.uk/news/business-66091880" target="_blank">BBC, “Bank bosses told to explain low savings rates”</a>.</li> </ul><p></p><p>“<strong>How might the current economic climate create new challenges and opportunities for the banking industry? Why is this relevant for the commercial legal sector?</strong>”.</p><p></p><p>When answering this prompt, you may find it helpful to approach it from the following perspectives:</p><ul> <li data-xf-list-type="ul">What does this story mean for the law firm’s clients?</li> <li data-xf-list-type="ul">How does this story directly impact the law firm’s business?</li> </ul><p>The first five responses to the thread will get one month of TCLA Bronze membership for free. The only condition is that your post makes a genuine effort to answer the prompt as you might in an application or interview question.</p><p></p><p>Finally, there are no right (or wrong!) answers. The important thing is to refine our approach to commercial awareness more generally, which requires practice.</p><p></p><p>(Separately, we will be considering this prompt in more detail during next week's inaugural Commercial Awareness Office Hours. All are welcome to attend — <a href="https://us02web.zoom.us/meeting/register/tZYtdeGprjwjGtzP3xqw8w9O-EH29pe1SRk7#/registration" target="_blank">click here to sign up</a>).</p></blockquote><p></p>
[QUOTE="Jake Rickman, post: 144985, member: 8521"] TCLA is trialling a new approach to facilitating commercial awareness among the TCLA community. [URL='https://ckarchive.com/b/0vuwh9ho2e4pq']Based on this week's commercial news article[/URL], we want to encourage the community to actively engage with each other so that we can all improve our commercial awareness. With the following articles in mind, consider the prompt below: [LIST] [*][URL='https://www.reuters.com/markets/rates-bonds/central-bank-surprises-see-june-become-bumper-2023-rate-hike-month-2023-07-04/']Reuters, “Central bank surprises see June become bumper 2023 rate hike month”[/URL]; [*][URL='https://www.reuters.com/world/uk/uk-mortgage-rates-rise-again-turning-screw-homeowners-buyers-2023-06-29/']Reuters, “UK mortgage rates rise again, turning screw on homeowners and buyers”[/URL]; and [*][URL='https://www.bbc.co.uk/news/business-66091880']BBC, “Bank bosses told to explain low savings rates”[/URL]. [/LIST] “[B]How might the current economic climate create new challenges and opportunities for the banking industry? Why is this relevant for the commercial legal sector?[/B]”. When answering this prompt, you may find it helpful to approach it from the following perspectives: [LIST] [*]What does this story mean for the law firm’s clients? [*]How does this story directly impact the law firm’s business? [/LIST] The first five responses to the thread will get one month of TCLA Bronze membership for free. The only condition is that your post makes a genuine effort to answer the prompt as you might in an application or interview question. Finally, there are no right (or wrong!) answers. The important thing is to refine our approach to commercial awareness more generally, which requires practice. (Separately, we will be considering this prompt in more detail during next week's inaugural Commercial Awareness Office Hours. All are welcome to attend — [URL='https://us02web.zoom.us/meeting/register/tZYtdeGprjwjGtzP3xqw8w9O-EH29pe1SRk7#/registration']click here to sign up[/URL]). [/QUOTE]
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Commercial Awareness Discussion
Open Discussion: Interest Rates, Mortgages, Savings Rates, and the Banking Industry
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