7 Lessons Small Businesses Can Learn From Tech Startups

Starting a small business in the United States has never been easier and, in fact, small businesses make up the backbone of the American economy. 9 out of every 10 employees works for one of the 28 million small businesses across the country. Each month, a half million new businesses enter the market, of which about 70% will last at least two years and one-third will last longer than 15 years.

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Why America’s Seventh Biggest Company Is An F1 Sponsor

Brands don’t come much more American than AT&T. The name has its origins in the American Telephone and Telegraph Company which was set up in New York in 1885. AT&T now has its headquarters in Dallas, Texas, just 200 miles from the Circuit of the Americas, in the state capital of Austin, where this weekend’s United States Grand Prix will take place. AT&T’s talent will be on show there as it is at every race.

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Why US Legal Regulation Needs A British Makeover

I gave a talk last week at University College London. The topic was The Changing Legal Services Marketplace: A View From Across the Pond. It began with my admission of ‘acute ABS envy.’ No, ABS is not a Midlands light lager. It refers to ‘alternative business structures,’ an element of The Legal Services Act of 2007 (LSA). LSA—and ABS–is the UK’s re-regulation of its legal industry intended to spur innovation and competition to better serve the public. ABS–among other things– removes long-standing regulations preventing non-lawyers from ownership, profit sharing, and other managerial functions in law firms. Those restrictions made sense when legal delivery was solely about selling legal expertise. But they are now impediments to structural changes necessary to jump start new models at a time when legal delivery involves legal, IT, and process expertise.

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