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TCLA Vacation Scheme Applications Discussion Thread 2024-25

fingersarecrossed

Star Member
  • Feb 11, 2024
    32
    86
    Hi,

    I have been trying to improve my commercial awareness by reading the news more etc.

    However, I am unsure how to approach it e.g., should i focus on the PESTLE aspect, or the impact on the law firm and its clients - but with that i don't know what to say other than advisory work for x sector may increase etc

    Would appreciate any guidance, thank you in advance :)
     

    Tintin06

    Legendary Member
    Oct 23, 2019
    427
    1,047
    Hi,

    I have been trying to improve my commercial awareness by reading the news more etc.

    However, I am unsure how to approach it e.g., should i focus on the PESTLE aspect, or the impact on the law firm and its clients - but with that i don't know what to say other than advisory work for x sector may increase etc

    Would appreciate any guidance, thank you in advance :)
    Follow Watson’s daily and understand it. That, and read Chris Stoakes’s books. They thoroughly cover all the fundamentals.
     

    Jessica Booker

    Legendary Member
    TCLA Moderator
    Gold Member
    Graduate Recruitment
    Premium Member
    Forum Team
    Aug 1, 2019
    14,130
    19,794
    What are the Sidley winter VS questions?
    Describe a current commercial issue that has interested you and explain why it interested you?

    Why does a career in commercial law and specifically Sidley Austin interest you?

    In your view which personal qualities make a successful lawyer?
     
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    laurenn42

    Active Member
    Premium Member
    Oct 7, 2022
    13
    4
    Hi,

    I have been trying to improve my commercial awareness by reading the news more etc.

    However, I am unsure how to approach it e.g., should i focus on the PESTLE aspect, or the impact on the law firm and its clients - but with that i don't know what to say other than advisory work for x sector may increase etc

    Would appreciate any guidance, thank you in advance :)
    I really struggled with this at first, but a lot of firms hold virtual events that you can attend and they will talk about current topics like AI or things like the space sector and how it relates to their firm. Once you attend one of these you can start relating news stories to the legal field much more easily.
     
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    Jessica Booker

    Legendary Member
    TCLA Moderator
    Gold Member
    Graduate Recruitment
    Premium Member
    Forum Team
    Aug 1, 2019
    14,130
    19,794
    Hi,

    I have been trying to improve my commercial awareness by reading the news more etc.

    However, I am unsure how to approach it e.g., should i focus on the PESTLE aspect, or the impact on the law firm and its clients - but with that i don't know what to say other than advisory work for x sector may increase etc

    Would appreciate any guidance, thank you in advance :)
    I’d try to not get too worried about taking one approach to reading the news. Some articles are going to do the analysis for you, so you don’t necessarily need to go into full PESTLE or SWOT type structures of analysis as that has already been done for you. Where it hasn't, rather than just going into in depth analysis through something like PESTLE, ask yourself more general questions like:

    Why is this happening?
    Who does it impact?
    Why would lawyers care about this?
    Why is this interesting to me?
    What could influence this in the future?

    These types of questions then start on a more foundation level getting you thinking about things that may make up a more formal analytical review like SWOT or PESTLE.
     
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    Reactions: fingersarecrossed

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