Small Business Framework - Research - The Legal Services Board
Small Business Framework - Research - The Legal Services Board
Small Business Framework - Research - The Legal Services Board
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as"in]house"lawyers)."<strong>The</strong>"majority"of"these"businesses"employ"just"one"solicitor"<br />
(55%),"but"5%"employ"more"than"10"and"0.1%"more"than"100"(<strong>Legal</strong>"<strong>Services</strong>"<br />
<strong>Board</strong>"2010)."<br />
"<br />
Table'4.1.'Number'of'solicitors'undertaking'work'in'business'related'categories'<br />
Area!of!Work!<br />
!<br />
Solicitors!<br />
!<br />
Agricultural!law! 3,814" 3.3"<br />
Aviation! 528" 0.4"<br />
Banking! 5,410" 4.7"<br />
<strong>Business</strong>!affairs! 20,696" 17.9"<br />
Commercial!litigation! 16,681" 14.4"<br />
Commercial!property! 20,176" 17.5"<br />
Computer!and!IT!law! 3,890" 3.3"<br />
Construction/civil!engineering! 2,705" 2.3"<br />
Corporate!finance! 8,327" 7.2"<br />
Employment! 12,591" 10.9"<br />
Energy!and!natural!resources! 1,727" 1.5"<br />
Environment!law! 2,351" 2.0"<br />
Financial!and!investment!services! 4,063" 3.5"<br />
Insolvency!and!bankruptcy! 3,591" 3.1"<br />
Insurance! 4,094" 3.5"<br />
Intellectual!property! 6,570" 5.7"<br />
Liquor!licensing/gambling! 3,196" 2.8"<br />
Maritime/shipping/admiralty! 1,151" 1.0"<br />
Media/entertainment!law! 2,440" 2.1"<br />
Mediation!–!civil/commercial! 1,965" 1.7"<br />
Mergers!and!acquisitions! 7,713" 6.7"<br />
Planning!law! 2,477" 2.1"<br />
Professional!negligence! 3,561" 3.1"<br />
Taxation! 4,550" 3.9"<br />
Transport!–!road!and!rail! 1,089" 0.9"<br />
Travel!and!tourism! 316" 0.3"<br />
%!with!practicing!<br />
certificates!<br />
"<br />
" While" solicitors’" firms" are" the" most" obvious" type" of" law" related" service"<br />
provider," it" is" accountants" that" form" the" largest" group" of" law" related" service"<br />
providers"to"small"businesses."<strong>The</strong>re"are"now"more"than"275,000"professionally"<br />
qualified"accountants"in"the"United"Kingdom"(Financial"Reporting"Council"2008),"<br />
dwarfing"the"number"of"solicitors."Crucially,"from"a"small"business"perspective,"<br />
and"as"is"detailed"further"below,"accountants"are"also"the"main"source"of"external"<br />
professional" support" to" small" businesses." Thus," they" play" a" particularly"<br />
important"role,"not"just"in"the"delivery"of"legal"services"(as"accountancy"issues"<br />
are"fundamentally"legal"in"nature 6 ),"but"also"in"guiding"small"businesses"to"other"<br />
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<br />
6"Indeed," the" Association" of" Chartered" Certified" Accountants" is" an" approved" regulator," under" the" <strong>Legal</strong>"<br />
<strong>Services</strong>"<strong>Board</strong>,"of"reserved"probate"activities"within"the"accountancy"profession."<br />
! 21!