June 23, 2020
Law firms plan overhaul of business structures in wake of pandemic
Around two thirds of legal firms plan to review their business structures and processes in the wake of the COVID-19 pandemic, and well over half are planning a major change in strategy. That’s according to a survey of more than 100 law firms of all sizes conducted by accountants and business advisors association MHA. The survey, carried out during lockdown, also claims that 85 percent of firms say the pandemic will have a ‘moderate’ or ‘major’ impact on fee income. Around 59 percent of firms say they will use the opportunity to change their business strategy with a focus on better IT, review of specialisms, and improving profitability. (more…)
Environmental concerns and the changing work landscape could lead to a noticeable drop in both domestic and international business travel, as nearly half of UK workers (48 percent) are concerned about its negative environmental impact, according to new research from 
With less than a month to go before the government sets out its economic predictions in its first spring budget, new research points to a 30 percent increase in people planning to start a business or register as self-employed this year. With 1.4 million new limited company or self-employed registrations in 2019, 2020 could see that rise to as many as 1.8 million new registrations, 
Eastern European businesses have benefited overall from EU membership but, for local firms, the promise of joining does not always live up to expectation or improve productivity, a 
Senior employees being too confident about the value of their ideas could be one reason businesses are failing, according to research by the University of Cologne. The study, conducted by Professor Fabian Sting and a team of interdisciplinary co-authors, highlights how choosing the wrong ideas to pursue can lead businesses to make unwise investments and miss out on opportunities, which could threaten their survival. A large part of the problem, it says, is that the person who comes up with the idea overestimates how successful their innovation will be and views their skill or performance as better than it actually is. 
As AI continues to disrupt the world of work, a new report says upskilling and reskilling will be crucial in developing workers’ competencies to complement technological innovation. Yet according to the 
May 4, 2020
An opportunity to take business relationships with charities to a new level
by Michael Hilton • Comment