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Commercial Law Accredited Specialisation

Commercial Law Accredited Specialisation

By LIV

Practice Management 

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The LIV branded Business Law Accredited Specialisation is being changed to Commercial Law Accredited Specialisation as of 1 January 2020.

LIV Accredited Specialist Commercial Law Advisory Committee chair Phillip Leaman says the change in terminology is consistent with the new market reality in which practitioners working in this area describe themselves as commercial lawyers rather than business lawyers.

"Not many people describe themselves as business lawyers anymore,” he says. “That is reinforced by the fact that university masters courses are in commercial law, not business law. So the new terminology for our accredited specialisation is simply reflective of the current marketplace."

There are just over 100 LIV accredited specialists in business law who will automatically become LIV accredited specialists in commercial law following the change.

The change to Commercial Law Accredited Specialisation more aptly markets to clients and colleagues the area of law that lawyers with these specialised skills deal with, Mr Leaman says.

“It gives specialists and future specialists recognition in what is a broad but very important area of legal practice.” Mr Leaman says the name change won't change the scope of the areas of law that accredited specialists are required to master.

The specialisation focuses on advice and guidance to small and medium-sized enterprises. Specialists are expected to be across a range of knowledge and skills including contract law, business structuring, leases, corporations law and insolvency and have a sound understanding of the business issues facing their clients.

The Commercial Law Accredited Specialisation course is available every two years, and will be open to applications in 2020.

"We hope the name change encourages practitioners who deal with those specific areas to apply and try to get specialisation,” Mr Leaman says.

"It's a great marketing tool to set yourself apart from other practitioners who are in that space and we'd love to see more applicants. We want to make sure there are specialists out there who are at a particular level and who clients can rely on their specialist knowledge and advice."


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