- At Kemp Little, we are known for our ability to serve the very particular needs of a large but diverse technology client base. Our hands-on industry know-how makes us a good fit with many of the world's biggest technology and digital media businesses, yet means we are equally relevant to companies with a technology bias, in sectors such as professional services, financial services, retail, travel and healthcare.
- Kemp Little specialises in the technology and digital media sectors and provides a range of legal services that are crucial to fast-moving, innovative businesses.Our blend of sector awareness, technical excellence and responsiveness, means we are regularly ranked as a leading firm by directories such as Legal 500, Chambers and PLC Which Lawyer. Our practice areas cover a wide range of legal issues and advice.
- Our Commercial Technology team has established itself as one of the strongest in the UK. We are ranked in Legal 500, Chambers & Partners and PLC Which Lawyer, with four of our partners recommended.
- Our team provides practical and commercial advice founded on years of experience and technical know-how to technology and digital media companies that need to be alert to the rules and regulations of competition law.
- Our Corporate Practice has a reputation for delivering sound legal advice, backed up with extensive industry experience and credentials, to get the best results from technology and digital media transactions.
- In the fast-changing world of employment law our clients need practical, commercial and cost-effective advice. They get this from our team of employment law professionals.
- Our team of leading IP advisors deliver cost-effective, strategic and commercial advice to ensure that your IP assets are protected and leveraged to add real value to your business.
- Our litigation practice advises on all aspects of dispute resolution, with a particular focus on ownership, exploitation and infringement of intellectual property rights and commercial disputes in the technology sector.
- We have an industry-leading reputation for our outsourcing expertise. Our professionals deliver credible legal advice to providers and acquirers of IT and business process outsourcing (BPO) services.
- We work alongside companies, many with disruptive technologies, that seek funding, as well as with the venture capital firms, institutional investors and corporate ventures that want to invest in exciting business opportunities.
- Our regulatory specialists work alongside Kemp Littles corporate and commercial professionals to help meet their compliance obligations.
- With a service that is commercial and responsive to our clients needs, you will find our tax advice easy to understand, cost-effective and geared towards maximising your tax benefits.
- At Kemp Little, we advise clients in diverse sectors where technology is fundamental to the ongoing success of their businesses.They include companies that provide technology as a service and businesses where the use of technology is key to their business model, enabling them to bring their product or service to market.
- We bring our commercial understanding of digital business models, our legal expertise and our reputation for delivering high quality, cost-effective services to this dynamic sector.
- Acting for market leaders and market changers within the media industry, we combine in-depth knowledge of the structural technology that underpins content delivery and the impact of digitisation on the rights of producers and consumers.
- We understand the risks facing this sector and work with our clients to conquer those challenges. Testimony to our success is the continued growth in our team of professionals and the clients we serve.
- We advise at the forefront of the technological intersection between life sciences and healthcare. We advise leading technology and data analytics providers, healthcare institutions as well as manufacturers of medical devices, pharmaceuticals and biotechnological products.
- For clients operating in the online sector, our teams are structured to meet their commercial, financing, M&A, competition and regulatory, employment and intellectual property legal needs.
- Our focus on technology makes us especially well positioned to give advice on the legal aspects of digital marketing. We advise on high-profile, multi-channel, cross-border cases and on highly complex campaigns.
- The mobile and telecoms sector is fast changing and hugely dependent on technology advances. We help mobile and wireless and fixed telecoms clients to tackle the legal challenges that this evolving sector presents.
- Whether ERP, Linux or Windows; software or infrastructure as a service in the cloud, in a virtualised environment, or as a mobile or service-oriented architecture, we have the experience to resolve legal issues across the spectrum of commercial computer platforms.
- Our clients trust us to apply our solutions and know-how to help them make the best use of technology in structuring deals, mitigating key risks to their businesses and in achieving their commercial objectives.
- We have extensive experience of advising customers and suppliers in the retail sector on technology development, licensing and supply projects, and in advising on all aspects of procurement and online operations.
- Our years of working alongside diverse software clients have given us an in-depth understanding of the dynamics of the software marketplace, market practice and alternative negotiating strategies.
- Working with direct providers of travel services, including aggregators, facilitators and suppliers of transport and technology, our team has developed a unique specialist knowledge of the sector
- Your life as an entrepreneur is full of daily challenges as you seek to grow your business. One of the key strengths of our firm is that we understand these challenges.
- Kemp Little is trusted by some of the worlds leading luxury brands and some of the most innovative e-commerce retailers changing the face of the industry.
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- FlightDeck is our portal designed especially with start-up and emerging technology businesses in mind to help you get your business up and running in the right way. We provide a free pack of all the things no-one tells you and things they dont give away to get you started.
MA and corporate governance
The main piece of legislation governing corporate activity in the UK tech sector is the Companies Act 2006. Although some parts of the Companies Act and the secondary legislation made under it have been derived from EU directives (such as regulation around a company’s accounts, the rights of its shareholders and the disclosure of information), we would not expect to see the Government looking to make wholesale changes to provisions governing the incorporation and operation of UK private companies.
Effect on existing transactional activity
The financial markets tend not to like uncertainty, and so it was unsurprising to see sterling hit a 30-year low the day after the Referendum and the FTSE 100 taking an 8% hit (although it rallied to the same point it started the week by close of the markets the same day, due no doubt to the Bank of England’s statement that it will take any measures – including a £250bn injection – to secure economic and financial stability).
For UK businesses currently negotiating terms for a corporate transaction, or operating under the terms of previously-agreed metrics (such as would form part of an earn-out), term sheets and contracts should be re-examined. Do forecasts still seem reasonable in the light of currency volatility or a potential short-term recession? Do assets and liabilities need to be revalued? Could Brexit trigger any material adverse change provisions? In some cases, deals with pre-agreed valuations or financial payments may be subject to renegotiation following the Referendum.
Existing finance arrangements should also be reviewed to understand how any performance dip could affect financial covenants.
Effect on the UK tech M&A market
The general view is that a healthy UK M&A sector is driven by market confidence. Many commentators are predicting a slow-down – at least in the short to mid-term – especially where deals are reliant on the buyer raising funds.
However, whilst the number of private tech M&A deals dropped slightly in the run-up to the referendum, non-EU investment into the UK has increased substantially this year compared to 2015. The UK tech sector has historically been fairly resilient to market volatility and economic change, especially in the mid-market. Whilst some large EU IPOs or trade sales may be on hold until the dust settles, the UK technology market may be comparatively insulated.
The UK tech sector is a market which constantly evolves and is constantly disruptive. As many new players seek to challenge incumbent companies, there is a natural cycle of consolidation. UK mid-market M&A is a legitimate business model, driven by more than just a desire for growth. Strategic acquisitions can bring increased cost savings as well as an acquisition of talent, products and access to know-how and intellectual property.
That is not to say that UK tech companies won’t face challenges as a consequence of Brexit – we may see a rise in investment in the larger combined EU and European market at the expense of investment in the UK as well as reduced access to funding (with UK businesses no longer being able to leverage EU grants and subsidies). Arrangements for migration, access to talent and the removal of certain passporting regimes cannot be overlooked. To find out more please get in touch with our Brexit working group.