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It has been demonstrated over recent years that start-up companies practically inhabit a sector of their own.
They have been a major part of London and the UK’s increasing economic success, which in turn has led to more start-ups. The TMT sector is an example of a market in which start-ups have been particularly successful.
And around this trend certain other services have built up as such new companies often need advice and assistance that is specific to them but without the price tag often paid by larger firms. Serviced offices have benefited from smaller companies looking for flexible space, while business consultants, incubation hubs, accountants and lawyers have also been able to play a part in the success of start-ups.
One such case is the Australian law firm General Standards, who already work with more than 30 new companies every month in Australia, having helped over 200 start-ups since 2013. The company is based in Melbourne, but has recently announced its intention to open New York and London offices, partly in a bid to assist the expansions of the very companies it helped to advise at the outset.
The niche firm deals with entrepreneurs, start-ups, venture capital investors and angel investors. It focuses on transparent fees and uses technology to keep costs low for new businesses that do not have unlimited funds to spend on lawyers, but who need the vital advice and guidance on running a business and a company. The law firm has taken on a global CEO in anticipation of the developments, as well as a director of the UK office, and believes it can make a personal contribution to the success of its clients, having been a start-up business itself.
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.