When it comes to accessing legal services, SMEs have traditionally been stuck between a rock and a hard place.
Tom Dunlop, CEO and founder of Summize, argues that legal tech is bridging the gap between SMEs and legal services, and says this is more important than ever.
Accounting for 99 per cent of all UK businesses, SMEs need access to legal advice just like any other organisation, but in many cases, costs can be prohibitively expensive. Research shows more than two-fifths of SMEs believe the legal system is designed with only big businesses in mind.
On the other hand, SMEs often won’t have an in-house legal team, meaning the task of navigating complex legal documents and contracts is frequently left to self-employed and small business owners without any real legal knowledge or background.
With legal obligations and liabilities often hidden within the small print, many businesses – through no fault
The property market will enjoy a boom, but its fortunes will change when the government withdraws its support measures next year, according to a closely watched survey.
The Royal Institution of Chartered Surveyors said that buyer inquiries, agreed sales and instructions to sell were rising fast, continuing a trend that had surprised analysts when the market emerged from lockdown in May.
It said that growth would continue for the remainder of the year as the surge in demand from people looking to relocate after lockdown had not yet dissipated.
However, it warned that the present rate of growth was unsustainable. The government’s withdrawal of stamp duty relief, which applies to all properties under £500,000, is likely to dampen demand from April next year.
In a survey of 264 industry professionals, the institution found the number of people looking to buy a new property had increased for a fifth consecutive month
Rebecca Ayers has joined FinLedger as the company’s assignment reporter where she reports on the B2B fintech industry by breaking news, covering trends and assisting the managing editor with covering other stories.
The fintech-focused news site for financial services professionals launched earlier this year from the parent of HousingWire.
Ayers previously was the Money beat reporter at the Dallas Business Journal. Before that, she was the digital reporter for the American City Business Journals paper.
She previously held internship roles at GrepBeat, an online publication focusing on tech coverage, particularly startups, in the Research Triangle, and the Triad Business Journal in Greensboro.