Hiya
@sarg1234
It’s great that you’re thinking about this now because commercial awareness is an area where many candidates struggle. I really believe that focussing on developing this skill is what allows good candidates to really set themselves apart. In my experience, it was also by developing my commercial awareness that I could demonstrate genuine enthusiasm for and interest in the types of matters commercial lawyers work on.
While a lot of the advice for developing commercial awareness will recommend getting into the habit of reading the Financial Times, Bloomberg, or The Economist, I think what’s even more important is developing your ability to break down and analyse news stories/commercial trends. It’s not just about reading headlines, but more importantly about considering them from legal, financial, and political angles. This skill is what will make your commercial awareness more nuanced and convincing in interviews. To build this analytic ability, I’d suggest looking at resources like Little Law, which is free, or Zip Law, which offers more structured insights (though it requires a subscription). These newsletter can give you a good idea of how you should start thinking 'breaking down' and analysing trends and news stories in various sectors.
Since you already have access to
TCLA Premium, I’d also highly, highly recommend making use of the commercial courses over the summer. When I was preparing for applications and interviews, I found them enormously helpful in building a basic understanding of topics like private equity and project finance. I really believe that working through these resources will help you develop a more instinctive grasp of commercial concepts, which can make all the difference at assessment centres/partner interviews. You’re clearly performing well, with a bit more of a push in this area, I think you’ll be in a great position to stand out next time.
Best of luck!