SMEs dealing with legal issues
If you are a small business with a legal query, finding the answer is not a piece of cake- only 8% get help from a lawyer in the UK, the rest have to fend for themselves. Atkins-Shield aims to help bridge that very large void.
The Competition & Markets Authority’s 2016 report into the legal services market reported that 52% of small businesses (employing up to 50 people) handled their legal issues on their own, with only 15% seeking legal advice.
The main drivers for this approach according to the CMA being limited awareness of legal services and the complexity and cost related to obtaining legal advice, as well as the fear factor in seeking formal legal advice.
Small businesses make up 99.3% of all businesses in the UK and contribute 51% of the GDP, employing 58% of the private sector workforce.*
A core purpose of Law-Answers.com is to help SME owners, managers and stakeholders find practical help and guidance on business law and regulation.
Law-Answers.com is also a platform for SMEs to get professionally drafted Legal Documents and templates via its sister website LawDocs4All.com and to connect with lawyers to get business law advice via our Legal Advice Hub.
* Federation of Small Businesses