Legal changes create new entrepreneurial opportunities Take

.   Legal changes create new entrepreneurial opportunities. Take for instance, the Supreme Court decision that permitted lawyers to advertise and promote their services. Questions: (A) Explain how it has changed the legal profession (B) Identify a specific legal firm that you see exploiting this particular court ruling (C) Identify some regulatory changes in the area of Clean Environment and resulting opportunities for new venture creation (use specific examples/cases to explain your position)

Solution

Hi,

Thanks for the question.

Answer 1)

This has given the legal profession a new dimension. Now this profession is also as competitive as any other. They are coming out giving any kind of advice (good/bad) in the open. Even now they can advertise their services in any manner they want. This kind of decision is very controversial. It might be a good thing for the legal profession to reach the masses but on the other hand the matters which can be solved without any legal intervention before are now dragged into the courts and this is burdening the capacity of the courts as well.

Answer 2)

One example can be Zetley Law Services.

Answer 3)

The environmental regulation change is to replace the old dirty and polluting substances from the non polluting polymers in the industry. This gave rise to the complete polymer manufacturing industry. For example: The manufacturers of the paper bags industry is on the rise since the ban of the plastic bags.