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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of this is finding lawyers who are a little ahead of the curve, commercial lawyers who recognise that tech start-ups no longer represent a niche and emerging part of the economy.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.

29 September 2016

Recently the case of Joy Williams made the news headlines. The 69-year-old grandmother lived with dentist Norman Martin for 18 years after he split with his wife, Maureen. But Mr Martin never divorced, nor did he update his Will, so when he died of a heart attack four years ago, his half share of the £320,000 three-bedroom bungalow in Dorchester, Dorset, went to Mrs Martin – despite leaving her in 1994 to start living with Ms Williams.

The couple owned their property as ‘tenants in common’, a form of ownership which does not allow one party to inherit from the other. So when he died, the wife, not Mrs Williams, became his legal heir. Mrs Williams faced losing her home as she could not afford to buy out Mrs Martin.

28 September 2016

Spending too much time online is not necessarily a good thing for any relationship. However, the lure of those glowing screens can provide a distraction for many, providing people with countless ways to avoid having a face-to-face conversation with their spouse.

A big portion of online activity revolves around social media sites – which, despite being invented to bring us closer together, may ironically be a key culprit in driving partners apart. These sites can be damaging, presenting couples with false representations of their friends' perfect relationships, which will inevitably be compared to the flawed reality of their own.

28 September 2016

Trusts solicitors and estate administrators have concluded deals which will see Paisley Park, the private home and studio complex of the late music legend Prince, open to the public from October 6 this year.

It is believed that the Minneapolis estate's trusts solicitors have reached an agreement with Graceland Holdings, the company that operates Elvis Presley's Graceland estate, to run the 65,000 square foot complex.

27 September 2016

Drafting a Will often presents many complexities for the testator to consider. It's a necessary and worthwhile endeavour for most people because without a Will the estate will be subjected to the rules of intestacy and the deceased will not have any say in how their wealth and assets are distributed

One of the key decisions for the testator to make is who to assign as executor. The role of the executor carries a lot of responsibility and is not something to just be dished out at random.

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