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Commercial Law Handbook 2024-2026


Published in September 2022, the Commercial Law Handbook offers a solid grounding in the legal, commercial and financial knowledge required for commercial law interviews and internships, including explanations of the key terminology and jargon. This includes detailed advice and insights covering:

• Commercial awareness and case study interviews, assessment centres more generally, and how to gain insights into the legal profession.
• What "commercial awareness" means, why it is relevant, how it might be assessed and how to build it.
• How to structure your responses when discussing current affairs and tackling case study questions.
• The role of commercial lawyers, trainee solicitors more specifically, and the main commercial law practice areas.
• The business of law firms, with a focus on how law firms maintain a competitive advantage.
• Core commercial law principles, including explanations of how contracts are formed, how contractual terms can be used to allocate risk and how security can operate to protect lenders and facilitate corporate borrowing.
• Strategic challenges and commercial considerations relating to starting, running and growing a business.
• Different methods of financing and selling businesses, including the benefits and drawbacks of loans, bonds and IPOs.
• The M&A process, complete with an overview of the key parties that are typically involved and the various issues that can arise.
• Basic economics concepts and financial accounting principles, plus an introduction to Microsoft Excel.
• Key transactional documents and contractual clauses commonly used by commercial lawyers.
• How to convert internships into full-time jobs.

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