LU6: Numeruv Skills Flashcards
1
Q
What is numeracy?
A
- ability to understand and use numbers
- understand numbers, statistics, graphs and calculations
2
Q
Why lawyers need numeracy skills
A
- keep account of clients money in trust account
- executor of state should be able to calculate the monetary value of estate, masters fees and administration fees of estate
- tax/commercial law require advanced maths literacy
- when you advise on matters with financial implications numeracy is needed
- calculate damages when making claims on behalf of clients
- monitor and manage your own business
