Where Should We Open a New Office?

Commercial Awareness Made Easy

March 17, 2024

Hey,

Last week we looked at psychometric tests.

This week we are looking at commercial awareness.

I remember that when I first heard about this, I thought recruiters were asking for too much.

Why on Earth do I need to know the divorce rate if I want to be a commercial lawyer? (spoiler, you don’t)

However, this prevented me from understanding that every aspect is a small cog in a bigger mechanism.

Everything is a result of something and affects something.

  • High inflation → higher interest rates.

  • High interest rates → less spending.

  • Less spending → less economic activity

  • Less economic activity → less tax revenue

  • Less tax revenue → government budget cuts

  • Budget cuts → reduced public services

  • Reduced public services → lower quality of life

  • Lower quality of life → divorces

  • Divorces → Happy divorce lawyers😅

Quite a stretch, but I wanted to prove a point.

Understanding these connections makes everything simpler.

If you feel like you’re not really there, here’s what worked for me.

For easy to understand news, I recommend you read this 👇🏻 It written by Idin, a dual qualified lawyer that has a knack for simplifying complex subjects. It’s also free.

LittleLawGet the free, 3-minute newsletter keeping 16,000 aspiring lawyers in the loop Subscribe

We’re also looking at how to answer the dreadful ‘where should we open a new office?’

Where Should We Open A New Office? (EqualOpportunity, 2024)

Until next Sunday,

Alin George

📚 Other newsletters I’m recommending you read

 ⚒️ Resources

Available here. 

⚖️ This week in Law History

When reading these facts, try to think about the wider implications each had.

For example, the events from 21 March 1804, the introduction of the Napoleonic Code, was one of the first instances of a nation's laws being codified. It introduced the principle that all men were equal before the law, abolishing feudal privileges. This was so successful that nations throughout the world has adopted this method.

18 March 1949 — NATO (North Atlantic Treaty Organisation) was proposed. The aim was to safeguard the freedom and security of its 26 member countries.

19 March 1649 — House of Commons passed an act abolishing the House of Lords, declaring it ‘useless and dangerous to the people of England’

20 March 1653 — Oliver Cromwell, Lord Protector of England, dissolves the Long Parliament.

21 March 1804— Napoleonic Code comes into effect.

22 March 1824 — The British Parliament voted to purchase 38 paintings at a cost of £57,000, to establish a national collection which is now housed in the National Gallery, Trafalgar Square, London.

23 March 2020 — British Prime Minister Boris Johnson addressed the nation and told them they were only permitted to leave their homes for essential needs, in an attempt to curb the spread of the coronavirus.

📆 Upcoming Law Events — Compiled by Anca Andreea Aurica

To gain access for free to all the AllAboutLaw events mentioned below, sign up for free here.

Monday 18 March

Tuesday 19 March

Wednesday 20 March

Thursday 21 March

Friday 22 March

How was today’s newsletter?

Login or Subscribe to participate in polls.

Reply

or to participate.