How would you go about finding a lawyer for your business?
Hiring a business lawyer is crucial for any successful business, and yours is no exception. But how do you identify your unique business needs and how to select a lawyer for your business? Take a look at our tips below to help you identify the qualities and skills you should be looking for in your ideal business lawyer.
If you’re being sued, it’s already too late. Having a business lawyer means having someone on board with your business for a period of time, to help you handle any legal issues before they arise. If you’re already being sued, from then on it’s simply about the amount of time and money you are going to have to spend in court.
When your business is starting to grow and branch out, and reach beyond the limits of what you can control on your own, then it’s time to bring in a lawyer to help you look over the finer details and make sure everything checks out. It’s an investment, but it could save you a lot of time and money in the future.
Choose the Right Firm
Should you go with a solo lawyer, a small firm or a large firm? Without a doubt, when you’re choosing a larger firm, you’re paying for more overheads and more pay checks, so the cost is going to be higher. But if you have a large business that needs a range of lawyers with different skills behind it, then you need a larger firm.
These days each individual lawyer is quite specialised, so having just one lawyer is probably not going to cut it. If you choose a small firm, look at one that ‘thinks big’, with connections over a vast array of law specialties and a network of specialists on hand should the need for them arise.
Getting someone who is experienced, particularly in your area of business works wonders and saves you loads of time and money, because they already know exactly what you need, when, where and how.
Familiarity in an area of law that pertains to your business is a valuable resource, ensuring nothing is overlooked and you don’t get yourself into any situations you shouldn’t be in.
Find a Lawyer Who ‘Gets You’
A lawyer that understands your business, sees your vision and is on your side is worth their weight in gold. You want to choose a law firm that’s willing to invest time and effort getting to know your service or product, so they can provide the right service for you. A lawyer who really shares your passion for what you’re trying to do with your business is a valuable thing, because you know you can build a relationship and they’ll be looking out for you.
This is where a firm that’s on a smaller size, but still diversified, can be useful. Because they’re running a business themselves they ‘get you’ and what you’re dealing with, and will be more likely to build a personal relationship with you and the company.
Think About Value, Not Cost
It’s easy to look at the dollar value of hiring a lawyer (and perhaps suffer a shock caused by it), but this is not what you should be looking most closely at. The more important thing is are you getting value for your money.
A more reasonable business lawyer could be the perfect choice if they have plenty of industry connections and a lot of experience in your field, but if you a running a large scale and diversified business a small firm just isn’t going to meet your needs.
Build a Relationship
Finding the right business lawyer means finding a connection on which you can build a partnership that’s mutually beneficial. Building a relationship with a law firm will make you feel more at ease as you deal with the essential legal operations of your business including marketing.
Having a lawyer that you can maintain a relationship with means there is good communication; they understand your needs and can serve you better. And that’s one of the best things you can find when choosing the right lawyer for your business.