Choosing your law firm
Business across the UK face continuing pressures and uncertainty. Geopolitical tensions, economic uncertainties, a changing workforce, and rapid technological advancements are some of the forces your business is likely contending with right now.
It’s not all doom and gloom out there. As the saying goes, “wherever there is change, there is opportunity”. Your business needs to be positioned to seize it.
Five reasons you should review your legal support:
Help you build resilience
A fresh pair of eyes on your people, your suppliers, and your customer contracts will ensure that you not only comply with all the current and the upcoming legislation, but that you also have resilience built in, and your interests safeguarded.
Keep you ahead of a dynamic regulatory environment
The UK’s future regulatory framework is fast taking shape. Your business is grappling with a range of regulations and the increase in scrutiny across economic crime, consumer duty, Environmental Social Governance (ESG), financial crime, and cyber security to name but a few.
You need a law firm that not only has the capability to identify potential regulatory risks, but also to prepare mitigation strategies that can help you to adapt and comply faster.
Help you keep up with a changing workplace
We’re currently witnessing transformative changes to employment law with the Employment Rights Bill, and there are yet more changes ahead – four-day working week, a focus on mental health and wellbeing, the national living wage, and changes to immigration laws.
It’s time to get proactive and review your workplace planning strategy with your legal advisors.
Protect your business from financial difficulty
The number of business insolvencies is projected to increase by as much as 10% this year. Good financial governance and strong support are vital. Early intervention when financial distress looms, with the advice and guidance of an experienced law firm, can help deal with cash flow challenges, funding and debt issues, and boost investor and shareholder confidence.
Keep costs under control
The UK’s largest law firms have raised their average hourly rates by 40% over the past five years, significantly outpacing inflation. Not great at a time when business disputes are on the rise, especially in key battlegrounds such as intellectual property. The traditional approach of a client instructing a solicitor, who in turn instructs a barrister, is expensive and inefficient. The new breed of combined strategy and advocacy practices can offer a more streamlined, cost-effective and highly-personal client experience.
It’s time to change your law firm and springboard your business out of uncertainty. Get in touch with Leverets today.
