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Commercial Awareness for In-House Lawyers

In-house lawyers typically find themselves in a unique position. Those who have shifted to in-house work from private practice often discover that their role now focuses more on business advisory rather than technical legal matters. This shift in mindset requires in-house lawyers to understand their business’s needs, key operations, and external environment. Essentially, as an in-house lawyer, you need to be commercially aware.

This course will explore key business dynamics and explain how different elements are interconnected. It will also provide insights into key business terminology, how to discuss commercial transactions, and how to identify where to locate key sources of information.

Through easy-to-read chapters, this course will provide you with the essential tools you need to develop commercial awareness, helping you to understand how to tailor your skillset to your specific business, role and industry.

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 business
  • discuss business transactions using appropriate business terminology
  • identify where to locate sources of business information
How you will learn

Course format

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?
In-house lawyers
Non-profit sector (In-house lawyers)
Private sector (In-house lawyers)
Course length
40 mins
Assessment type
MCQs (Multiple Choice Questions).
SRA Competence
A2
A5
B1
B3

The experts

Francesca Lee

Expert
Facilitator

View expert bio