New research shows almost half of Britain’s small businesses are failing to seek out legal advice, despite having legitimate claims.
The reasoning for this lack of engagement ranges from concerns about fees to fears of a protracted legal action.
Online dispute resolution service, Ajuve, surveyed 500 small businesses, finding that each faced an average of three potential legal disputes per annum.
Despite this, 40% of those surveyed did not have established practices for dealing with such claims.
Ajuve’s results suggest this is due to a lack of confidence in the legal system.
65% of businesses described the current claims procedure as outdated while 58% insisted the claims cycle should last for no longer than six weeks.
Currently, civil court claims are far more likely to take between six months and two years before full resolution.
Source: The Brief