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30 September 2016

Tech start-ups in the UK are right at the forefront of what's happening in the world – in fact, so dynamic is the sector that, as a nation, we are seeing even more burgeoning start-up companies than leading tech nations such as China, India, Germany and Japan – only the US is home to more tech start-ups than our small island.

But there is a problem – only a tiny fraction of these tech start-ups ever make it beyond the infancy stage, with many floundering or stagnating just as soon as the first green roots begin to show.

So, inevitably, the question arises – how to help ensure that Britain, so good at providing the soil and sowing the seeds for emerging firms, manages to cultivate its crop of start-ups in the long-term so that we can all reap the benefits of the harvest?

It would be an amazing boost to jobs and the economy if more British tech start-ups could make the leap from "start-up" to "scale-up"; since 2012 less than 1 per cent of the 600,000 companies registered in Britain have made this transition, which is defined by a 20% rise in turnover or employee number over a three-year period.

Perhaps we need to look at the US, which, according to a study by Säid Business School, has, unlike us, been successful in helping companies make the transition to scale-up. Across the Atlantic there is more funding available to tech start-ups, around 300% more, with the difference in the level of venture capital funding particularly stark.

Perhaps another answer is for tech start-ups to be more savvy regarding their legal advice. A good commercial lawyer can be integral in helping to attract the right kind of start-up funding and to establish the full range of contacts necessary to foster positive and profitable long-term relationships.

Part of this is finding lawyers who are a little ahead of the curve, commercial lawyers who recognise that tech start-ups no longer represent a niche and emerging part of the economy. It's about having commercial lawyers who recognise that tech start-ups are the future and that the future is now.

 

Contact Oratto on 0845 3883765 to speak with an adviser or use our contact form to arrange a call-back.

21 September 2016

 In the wake of Brexit, everyone knows that the political world has been in uproar. So much is happening that the spotlight is, understandably, firmly fixed on those entering and exiting the key political roles. But this huge change doesn't just affect politics; what about the further layer upon layer of repercussions resulting from the UK's exit from the EU?

Sadly, some malignant, unseen forces are now at work, taking advantage of the chaos and, unfortunately for the UK, this means that cybercrime is on the rise. If Brexit could be encapsulated in one word, it would be uncertainty and there is a tidal wave of change looming; increases in cybercrime identity theft and financial fraud may slip under the radar - unless we are careful.

05 September 2016

In November 1965 England abolished capital punishment for murder. As a sweeping generalisation, this was done, in part, to remove the risk of hanging the wrong person. More than 51 years later - can the same logic be applied to the new approach of hiring private law firms to tackle cybercrime?

Internet fraud remains a hot topic. In the past year alone, statistics suggest a 5.8m incidence of cybercrime and fraud estimates have reached £193bn per year. Authorities are increasingly under pressure not to just solve the existing crimes, but also to prevent new ones. However, with resources being cut across all police forces, making the task at hand even greater, a new approach has been adopted in a bid to speed things up.

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