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03/09/2009
Business lawyers busier as expert says recession helps generate start-ups |
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The recession has prompted more people to start their own enterprises, an entrepreneur has stated, something that could mean more people having to call on the expertise of business lawyers.
James Caan, who features in the TV show Dragon's Den, said the downturn has created a sense of less loyalty to employers, a lower level of risk in a time of weak job security and a need for people to think about their futures.
He stated: "Recessions offer a pro-risk taking environment," adding: "A recession is jarring and it forces people to reconsider their business situation."
Those keen on starting their own firm may wish to speak to business lawyers about the prospect and the various legal aspects involved in such undertakings.
People living in Ealing and Westminster may be high on the list of those keen to go self-employed in this way.
A recent YouGov poll carried out for Monster.co.uk's Keep The UK Working research, found that 19 per cent of Londoners have considered such a move, the highest proportion of any region.
Written by Anna Norton
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