Creative Industries
Whilst the City of London is well known as being the banking and financial services hub of the UK economy, London is also a world leader in the creative industries. It should come as no surprise therefore that Royds serves a number of clients in this sector.
- London’s creative industry is the capital’s second largest sector, worth $32 billion per year, generating 16% of the city’s annual gross value added (GVA)
- Nearly 400,000 people work in London’s creative industries – 77,000 people are directly employed in film, video and broadcasting
- London is home to the world’s six largest film studios, four largest media companies and major broadcasters such as the BBC, Channel 4, MTV, Sony, Discovery and CBS as well as numerous CGI and other advanced media companies
- London hosts Europe’s largest cluster of marketing services business – employing over 100,000 people and it is home to international industry bodies including the Marketing Society and the Chartered Institute of Marketing. Seven of the top 10 PR agencies worldwide have their corporate headquarters in London
- London is also a major fashion centre and the sector contributes nearly £21 billion to the UK economy and employs nearly a million people
(Information from City of London Corporation and Think London websites)
Legal business support
Business in the creative industries, including those in the technology and telecommunications sectors, are often small start up businesses, that grow very quickly and are either then absorbed by larger companies – making the owners wealthy overnight – or start to acquire businesses themselves.
Our corporate and commercial team is experienced in providing advice to business owners when they start, as they seek the finance to grow, when contemplating mergers or acquisitions, as they enter international markets or when they are ready to sell their business.
For further information, please contact John North.
Advertising and marketing law
Royds has a team of lawyers who are expert at all aspects of the law as it affects marketing and advertising operations, whether this is concerned with data protection, privacy, copyright, design rights, trademarks or more general contract issues.
For further information, please contact John North or Stephen Welfare.
Employment advice
The most valuable asset for many creative businesses is the people that it employs – and their contribution to the relationship with the other key asset – the clients. Our employment team can help develop effective contracts of employment and service contracts and shape appropriate remuneration and benefits schemes. They can also help you to protect your confidential information, critical client relationships and intellectual property. If things get sticky, they are commercial and pragmatic and do their best to find a quick, effective solution – but they are also expert at pursuing things through the Courts if this becomes necessary.
For further information, please contact Richard Woodman, Gemma Ospedale or Caroline Doran.
