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Commercial Awareness for Fee Earners

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If you are a lawyer advising commercial clients, having a strong understanding of their business operations and industry is crucial. Possessing this insight enables you to recognise key risks and opportunities, allowing you to communicate them effectively in business terms so you can offer targeted and informed legal advice. Robust knowledge of your client’s business needs will help you to become commercially aware and ultimately enhance your skills as a legal adviser. 

This course has been designed to introduce you to general business principles that can be applied to different industries. It will provide you with a broad understanding of business dynamics, including how different business units are interconnected. You will also learn about key business terminology, how to discuss commercial transactions, and how to identify relevant sources of business information. 

Through easy-to-understand chapters, this course will equip you with the relevant knowledge and tools related to commercial awareness, helping you to advise your commercial clients and their in-house legal teams.

What this will cover

This course will cover the following topics:    

  • business dynamics  
  • businesses’ composition and how different elements are connected 
  • business terminology  
  • business transactions  
  • sources of business information 
Learning outcomes

By the end of this course, you will be able to:  

  • demonstrate a broad understanding of the dynamics of businesses 
  • understand what businesses comprise of and how the different elements are connected 
  • comprehend the different references or terminology used by the different parts of a business 
  • discuss business transactions using appropriate business terminology 
  • identify where to locate sources of business information 
How you will learn

This online course consists of the following elements: 

  • an interactive course presentation, with a variety of knowledge checks spaced throughout to test understanding of the material as the learner progresses 
  • an end-of-course assessment consisting of 10 questions 

Our courses conform to Web Content Accessibility Guidelines 2.1. However, some members may require an alternative version for accessibility purposes. This is available upon request via our contact us form. 

Assessment 

In order to pass the assessment, you must achieve a pass mark of 70%. 

The knowledge checks included in the course presentation are intended to aid your understanding of the content and offer the opportunity to apply your knowledge. They do not form part of the assessment.

No. of items Discount
11 – 19 15%
20 – 29 20%
30 – 39 25%
40 + 30%
£57.89 ex VAT
Type of training
CPD
Format
Bitesize
Level
Intermediate
Who is this for?
Freelance solicitors
Small firms lawyers
Solicitors
Course length
30 mins
Assessment type
MCQs (Multiple Choice Questions).
SRA Competence
A2
A5
B1
B3

The experts

Francesca Lee

Expert
Facilitator

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