Business directors turning to accountants, not lawyers

Accountants are beating lawyers in the race to help companies comply with the
controversial governance reforms in the Companies Act, according to new

A survey of more than 200 businesses across the UK revealed that 60% of all
business directors that have sought advice on the Companies’ Act have turned to
their accountant rather than a lawyer, Lawyers Week reported

The study was carried out on behalf of Leeds Legal and questioned small to
medium-sized enterprises (SMEs) about the Act, parts of which will come into
force in October.

The survey also found that 42% of business leaders have not sought advice on
the Act, while more than a third (37%) claimed to know nothing about it.

Further reading:

Law firms pressed over financial

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