A survey from legal advice firm Annecto Legal has found that British SMEs feel bullied when they think of taking up legal proceedings, and this intimidation makes them drop the case. The estimation of money in damages lost by this behaviour averaged ?172,000 per firm. 20 per cent of firms surveyed had been involved in a litigation. ?This research confirms our belief that all too often SMEs are put off pursuing justice because they feel bullied by big companies; are worried about the cost of court; and are unsure that they could win,” Mark Beaumont, co-founder of Annecto Legal, said. ?The extent to which small and medium-sized businesses feel bullied by big companies is astounding, with more than a quarter saying they have felt this way. Despite this, almost a third haven?t pursued a potential legal case in the last five years due to underlying fears.” The main reasons listed for not pursuing legal action was expense, time consuming and uncertainty fear over winning the case.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.