Westpac invests in SMEs with legal support service

Westpac has today (5 February) announced a partnership with Lawpath to help support growing businesses.

Lawpath provides legal, accounting, and compliance solutions on an affordable, online platform.

“Lawpath currently supports half a million businesses to set up and grow, helping drive an important sector in the economy,” commented Westpac’s acting CEO, business and wealth, Peter Herbert.

“As part of the partnership, Lawpath can help Westpac customers make starting and running a business easier, including registering an ABN, setting up a website or accessing expert small business legal services.

“Our investment in Lawpath aligns with Westpac’s strategy to partner with companies which offer our customers services to help run their business and make the complex simple,” said Herbert.

Business customers will be able to access the service. According to Lawpath CEO Dominic Woolrych, the partnership will help SMEs to thrive.

“Our ambition is to make the law more accessible to small business and support them with a broad range of services to help them thrive. We’ve seen increased demand for our services over the past few years, including in our artificial intelligence solutions which are helping to simplify the complexity of starting and running a business.”

He added: “We are delighted to partner with Australia’s oldest bank and company to help more businesses to get started and grow and support growth in the economy.”

Jack Campbell is the editor of Broker Daily. After graduating from the University of Wollongong in 2022, Jack began his journalistic career working on Broker Daily’s sister brand, HR Leader. In August 2023 he was made the news editor and worked alongside some talented journalists writing articles and recording podcasts.

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