On Balance - Spring/Summer 2015
Change is sweeping through the business world and in today's highly competitive marketplace it is crucial for organisations to be flexible enough to…
Change is sweeping through the business world and in today's highly competitive marketplace it is crucial for organisations to be flexible enough to adapt.
Many factors are changing the way in which we operate: the growing pace of innovation, technology and, of course, new laws and legislation.
Changes do not come any bigger than Royal Mail Group's switch from a state-owned monopoly to a FTSE 100 plc and we are particularly grateful to Deputy Counsel, Maaike de Bie for sharing her thoughts on the challenges of becoming a top performing corporate.
A range of new laws are also keeping businesses on their toes.
Civil court fees to recover amounts over £10,000 have now risen to five per cent of the value of the claim.
The increase came into force in March 2015 despite a series of objections. As Richard Corran explains, it seems inevitable that the increased fees will transform businesses' approach to litigation.
Every year brings with it numerous new employment laws and the implementation of shared parental leave and pay, which provides greater flexibility for parents to care for a child throughout its first year, will dominate the year ahead. Thanks to Steve Peacock for providing his thoughts on the way forward.
Other articles in this issue cover the far reaching implications of the EU's 'circular economy' reforms, the impact of Alternative Business Structures on legal service providers, how late payment continues to blight the construction industry and why the speed of internet-based technology can cause major legal problems for organisations, and individuals, when things go wrong.
It is widely accepted that the most successful organisations are those that can effectively anticipate change. We hope that this issue of On Balance will help you to do so. If you have any feedback please get in touch.