General election, Jamie’s Italian, British tech startups: your commercial news round-up
updated on 21 November 2019
It’s of the utmost important that aspiring lawyers avoid seeing the legal industry as an isolated bubble away from the business and political world. Take a look at our commercial news round-up from this week for the latest news stories affecting law firms, their clients and the legal world more generally:
- With the big general election TV debate taking place on Tuesday night, it was ultimately a two-man show as the Liberal Democrats and SNP both lost their legal challenge to be included in the debate. While Boris Johnson and Jeremy Corbyn stuck to their party lines on issues such as Brexit and the NHS, one of the most noteworthy parts of the debate was the laughter from the audience at both party leaders. Meanwhile, the Green Party and the Liberal Democrats have this week released their manifestos.
- Six months after Jamie Oliver closed his Jamie’s Italian restaurants, the celebrity chef has announced that 21 new restaurants will open outside the UK by the end of 2020. Despite his restaurant collapse in the UK, the Jamie Oliver Group has 70 restaurants run as franchises in 27 markets across the world. Two new Jamie Oliver Kitchen restaurants are set to open in Bali and Bangkok by the end of the month.
- British tech start-ups have beaten off competition from France and Germany as investors spent a record £9 billion in British tech companies in 2019. Some 2,747 start-ups have received funding since 2015 with companies in London, Oxford, Cambridge and Bristol receiving the majority of the investment.
- Social media influencers are making more money than ever from sponsored posts, marketing firm Izea has found. The average price of a sponsored photo on Instagram has risen from $134 (£104) in 2014 to $1,642 (£1,276). The research also found that the average cost for a sponsored Instagram photo has risen 44% from 2018 to 2019 alone and that the biggest fee-earner is YouTube videos which have increased from $420 in 2014 to $6,700 in 2019.
Be sure to check the News every Thursday for this weekly commercial news round-up. Follow @LawCareersNetUK on Twitter and like us on Facebook for instant business news updates.
