Full Answer
Commercial law, as mentioned above, is any work a law firm will do within the city and will typically involve working on contracts, trusts, finance, banking, tax, etc. You will handle a range of corporate deals as a solicitor, each lasting between 1 and 6 months depending on the nature of the deal itself.
In other words, you need to show you have the ambition to pursue a career in law, a genuine passion for a legal career, and the attentiveness to find out why their particular firm interests you. 1. Your Ambition For Commercial Law
Naturally, I am intrigued by commercial law, primarily because of the need to understand business as a whole and the need for growth and development in a market whose trends are hard to follow constantly.
Your past successes and achievements can also be very compelling reasons for pursuing a career as a lawyer.
10 Key skills & qualities you need to excel in Commercial LawAppropriate knowledge and motivation. ... High ethical standards and an understanding of the role of law. ... Self confidence and good interpersonal skills. ... A variety of sustained interests which reveal a high level of achievement. ... Initiative and responsibility.More items...
How to answer why you wanted to become a lawyerFocus on your strengths and skills. ... Describe a personal experience that inspired you. ... Give examples of your past success and how it motivates you. ... Relate your values and philosophy to the job. ... Discuss how you plan to contribute to the firm.
Studying Commercial Law will give you an array of skills that are valued highly in business. It will develop your analytical and critical thinking skills, improve your written communication skills, and help you to think strategically about business opportunities and risks.
Here's the simplest way to explain the differences between the two areas of law. Corporate Law has more to do with the governance and regulation of businesses. Commercial Law deals with matters that arise from transactions and commercial trading.
1) It offers diverse career options With a multitude of positions and an ever-expanding range of practice areas, law offers you the opportunity to specialise in what you find personally interesting. Family, environmental and criminal law are just a handful of the routes you can go down.
I knew then that I loved being a lawyer. I loved protecting people in a court of law. I loved the feeling of accomplishment I get from helping others fight—win or lose. I get to think through problems every day for people I really like.
So, for commercial lawyers there's always scope and opportunity because not only can we review the specific entities in which people trade in – we can provide tax advice – but we can also provide sound contract law advice. So, there will always be scope for legal professionals who want to specialise in commercial law.
Commercial lawyers help businesses trade and work on a wide range of commercial agreements dealing with the manufacture, sale, supply and distribution of goods and services, as well as identifying and establishing the best routes to market, which could be via an agency, distribution or franchise model.
Working in commercial law, you would be spending your time advising clients on various day-to-day legal issues that may arise as they manage a business. Depending on the law firm, you might specialize even further in a particular practice area like dispute resolution, capital markets or banking.
How to become a corporate lawyerPass your tenth and twelfth qualifications. ... Take the CLAT. ... Research law colleges. ... Earn a bachelor's degree. ... Take the law college entrance test. ... Gain valuable legal skill sets and contacts. ... Complete the three-year LL. ... Take the bar exam.More items...•
Commercial law pertains to those legal principles applied in the world of business and applies to persons and entities who are engaged in business and commercial transactions. Corporate law deals with those legal principles applicable to companies and other legal entities.
Corporate and commercial lawyers are experts in company and business law. They understand the minute differences between legal entities and how to use them for different purposes. They also assist companies in various transactions stemming business operations.
1) Since childhood, I loved the profession of a lawyer and want to become the same. 2) From a younger age, I like to fight for the rights of others. 3) I want to be a lawyer because I am a great supporter of truth. 4) By becoming a lawyer I want to aware people of their rights.
Listening to your clients, listening to witnesses, listening to your opposing counsel, and listening to the court can be the difference between winning and losing a case. Great lawyers take in all relevant information, analyze it, and create a plan of action.
Lawyers solve people's problems for them. For example, a client may say that they want to buy a particular business but are unsure what steps they need to take. We help them achieve that goal by working out the best way to buy that business and then help them do it.
Working in the law means that you will deal with people. It is a client-facing industry and you will have to liaise with clients on the telephone, in meetings, via email and at events. This may not appeal to everyone but a good firm will make sure that you are comfortable.
Unfortunately, despite many commercial solicitors encouraging students at career events to apply to work at competitive firms within their commercial department, there is one fallacy that often shocks students aspiring to become commercial solicitors. It is harder than they were told it was and certainly harder than they assumed.
For me personally, the focus of this question should be split into two areas:
I believe a core part of deciding whether to become a commercial solicitor or not stems from having commercial interests. This means caring about the insolvency of a business, threats to business and the impact it has on consumers and public protection, all of which will have an impact on legal issues relating to business.
Importantly, your decision to become a commercial solicitor may be determined by the modules you most enjoy, or excel in. Many say that interest in contract and tort law is fundamental when it comes to a career as a commercial solicitor.
Furthermore, there is a distinction between corporate law and commercial law that many students may overlook. Are you focusing on one and ignoring the other? It is important that you avoid doing so, both areas overlap significantly and knowledge and interest in both may certainly indicate your suitability towards a career as a commercial solicitor.
You may want to get a better idea of whether being a commercial solicitor is the right career for you by researching the career further, doing virtual internships, gaining work experience and more.
Lawyers are in a unique position to help individuals, groups, and organizations with their legal problems and to further the public good. Public interest lawyers champion legal causes for the greater good of society and help those in need of legal assistance who might not otherwise be able to afford attorneys.
Work Environments and Perks. The majority of lawyers work in law firms, government, and for corporations. In an age where cubicles have become the mainstay of the modern workplace, lawyers typically work in offices with four walls.
Lawyers in private practice often perform pro bono work to help low-income individuals and underserved portions of the population , such as the elderly, victims of domestic abuse, and children. In fact, many bar associations require that attorneys commit to a certain number of pro bono hours each year.
The Prestige. A career as a lawyer has been a hallmark of prestige for generations. Impressive degrees and a certain authority over others have placed lawyers in an elite circle of professionals who command respect and embody the definition of success.
Attorneys have stood at the center of society for centuries. They're in a unique position to affect societal change as lawmakers and thought leaders. They write the laws, rule the courts, and hold influential positions in government.
Keep in mind, however, that not all lawyers make big bucks. It can depend on employer size, experience level, and geographic region. Lawyers employed in large law firms, major metropolitan areas, and in-demand specialties generally earn the highest incomes.
There’s a lot here to look forward to · Earning Potential · The Prestige · An Opportunity to Help Others · The Intellectual Challenge · Diverse Practice Areas · Work (4) …
Mar 31, 2009 — When you don’t have interesting, fresh ideas to offer about the legal profession or the study of law, you are better off emphasizing your (7) …
Interviewee B: “I have a natural inclination to stand for the rights of people. Perhaps that is why they chose me as the President of Students’ Union at the (9) …
Sep 18, 2020 — Experienced lawyers get real about what you should expect as soon as you “I do complex commercial litigation and white-collar criminal (21) …
Jun 8, 2021 — So you want to be a lawyer, but where do you even start? From picking the right major to passing the Bar Exam, here are the 8 steps to (29) …
Corporate law does slightly differ to commercial law in that corporate law is to do with the dealings of clients' businesses (e.g mergers & acquisitions, restructuring, etc.) whereas commercial law is everything undertaken by a law firm in the city. So ensure your answers reflect that subtle difference in questioning!
You will handle a range of corporate deals as a solicitor, each lasting between 1 and 6 months depending on the nature of the deal itself.
One of the key reasons is because law firms invest a lot of time and money into training individuals. They don't want to pay for your GDL/LPC (which many city law firms do!) or waste hundreds of hours of their partners' time if you're not invested in them for the long term.