Safford & Baker in the News: “Rainmaking: How Firms are Weathering the Recession”
Yours truly is quoted in the latest edition of Motion, a Detroit legal news magazine. The article looks at several southeast Michigan firms and how they are surviving these rough economic times. From the article:
Matthew Bower, an associate with Safford & Baker, a Bloomfield Hills-based firm specializing in the small to upper-middle-market start-up technology companies, says he is seeing a lot of new businesses being set up by engineers, programmers and creative people who have taken buyouts and have money to invest.
“It (start-ups) is the fastest growing segment of our practice,” he says. “The recession is a great generator for entrepreneurship. Whether clients took buyouts or were just laid off, there’s a ‘what-have-I-got-to-lose’ mentality.”
He says he has seen some 30 to 40 start-ups within the last year. Software and Internet companies are easier to get off the ground, but they still need legal help.
The full article can be read here.
–Matt
