The Federation of Small Businesses has recommended that legal services regulators be given sweeping powers to force providers to make public wide-ranging information on pricing and client feedback. The not-for-profit organisation, which lobbies for the interests of SMEs, also advised that ‘unmet need’ among small businesses is addressed by boosting the information available on what problems might have legal remedies.
The founder of an unregulated law firm offering advice to SMEs has said there is a “massive space” for similar companies to move into the market. Robert Taylor, founder of Business Law Online, said small businesses wanted a “much more commercial” approach.
A DIY legal guidance and forms website set up by two Korean solicitors and aimed at overseas SMEs and start-ups setting up businesses in the UK, is to launch later this year. LawXero is an unregulated platform which styles itself as “a flexible online legal information and guidance station for smart businesses looking to establish a UK presence”.
A pioneering online legal business aimed at SMEs has obtained an alternative business structure licence to reassure clients nervous of engaging with internet-based legal advice services that it is also a regulated law firm.
A lawyer-matching service originally designed for tech start-ups and SMEs has secured a second, much larger cash injection of £850,000 from a range of investors led by e-commerce specialist Forward Partners. Ih-house lawyers at large companies are now using the service to save money.
A lawyer comparison website aimed at SMEs is poised to begin an “aggressive growth” campaign to win market share, after securing substantial investment 18 months after it launched.
A new firm which aims to break the mould of advice to start-ups and SMEs by recruiting lawyers who run their own businesses has opened in London. It is operating as a trading name of ‘virtual firm’ gunnercooke