Why commercial law

This statute is administered by the Australian Securities and Investments Commission. Commercial lawyers also deal with industry codes of practice - that is, regulatory frameworks developed for use within specific industries. Finally, commercial lawyers often draw on legal sources relevant to specific issues facing their clients. For example, they may refer to taxation legislation, trade laws, and industrial relations laws.

Commercial law experience can be obtained as a graduate in small and boutique firms or much larger top-tier firms. Your approach to, and involvement in, a specific transaction will depend on your supervisor and the number of people in your team. Day-to-day life may also include liaising with large corporate clients and attending business meetings or working independently to re-draft contracts.

As a graduate, you may have the opportunity to work on large transactions that involve well-known Australian and international organisations. This can be particularly rewarding for graduates who have an interest in the corporate world, or enjoy working with commercial transactions and contracts. If you want to know more about working in commercial law in the UK, find commercial law examples or find out more about the area of law, see:.

Industry publications can help you keep up-to-date with particular sectors and broad developments in business. Here are some examples:. Want a successful career in law? Go through our step-by-step practical activities and read our advice tailored to legal careers. Study Study with us. Go to Study. Discover more about our Business School. Undergraduate Business. Postgraduate Business. View all locations.

Careers and Employability. Go to Employability. FAQs Commerce affects all of us, and the need for competent contract law and commercial law professionals is higher than ever.

Social share:. Related Reading. Law What is Compliance Management? Read More. Some of the most original and effective answers are those that demonstrate how they have developed long-lasting client relationships before and the results that they achieved for that client! Lastly, the law firm wants you to demonstrate why you are interested in commercial law from their point of view.

This is perhaps the most difficult thing for students to realise, as the generic nature of the question would suggest it requires a fairly generic answer. However, at the end of the day, your job is to demonstrate that you are the correct fit for them and the best way to do this is to tailor the answer to them every single time.

Having said that, this question doesn't ask you why you want to work at that particular law firm, so ensure you don't start answering the wrong question. Keep everything focused on 'why commercial law? The best way I find to do this is after demonstrating your general interest in commercial law and the career pathway it offers, highlight the ways in which their firm can help you develop as a commercial lawyer.

By doing the correct research you can show why you want to pursue commercial law, especially at their firm! The first step is to think about your reason for pursuing commercial law. What was it that hooked you initially? Write this down on a piece of paper at the top of the page. Your job from there is to create a chain of events that led you to where you are today i. For example, it could be that the initial hook was when you ran your own website-building business at the age of 14 and had to create a contract for new clients, and appreciated the detailed nature of the work.

You then decided to get some work experience at a law firm to experience how contracts are constructed in that setting.

And so on until you reached this point today! This step is all about knowing where you are in the big scheme of things and ensuring the law firm you are looking at is the logical next step in your story.

The second step is to match competencies. For example, your part-time work as a bartender could demonstrate teamwork.