As your business grows, you may need to consider more and more things. One of these things is choosing a lawyer for your enterprise.
A good legal counsel can help you and your business to be more successful by drafting favorable contracts for you, interpreting difficult questions of law, and ensuring that you only take the legal steps in your business.
However, deciding which law firm or lawyer to hire can be both overwhelming and tricky. So, we have put together a list to help you choose a lawyer for your business. Continue reading below to learn more about the ins and outs of choosing a business lawyer.
Tip #1: Research Good Lawyers
The first step is to do your research. You can do this by asking your friends or your relatives for referrals. They may have used the services of a lawyer or at least know one or two who can help you in your business. If they don’t know one, you can still search for lawyers on the internet.
The internet is a rich source of information about different law firms and lawyers. Some lawyers even have free consultation fees. Take advantage of this to learn more about the prospective lawyer you would hire for your business. Be upfront when talking to potential candidates. Evaluate them carefully to see if they are as reliable and as honest as they present themselves to be.
Tip #2: Choose A Lawyer Who Specializes In Business Law
Hiring just any lawyer for your business is not a great idea. The lawyer you need to hire for your business is someone who is familiar and specializes in business law. A lawyer engaged in the field of business law has the right expertise in dealing with complicated questions of law regarding businesses.
Compared to a personal injury lawyer, a business lawyer like the McQuarrie lawyers will have the right background and experience in dealing with legal matters involved in running a business, such as insolvency, winding up of affairs, incorporation, partnership, and agency. Be sure to hire a business lawyer because this can either make or break your case in court should circumstances lead you and your company to litigation.
Tip #3: Be Clear On The Legal Fees
Before hiring a business lawyer you have chosen out of the many lawyers that you were either introduced to or interviewed, be clear on the legal fees. Most businessmen, especially the new ones, usually get overwhelmed because of the legal fees. Don’t worry, legal fees can get quite a bit pricey but certainly a good deal can come out of good communication between you and your lawyer.
First of all, only hire a lawyer whose legal services you can truly afford. Usually lawyers will give you the cost of their legal counsel in the initial stages of the meeting. Be sure to bargain well and ask for full disclosure and a transparent table of fees. After you have agreed on the price and you have decided to hire the lawyer for your business, always ask for updates on the current balance and itemization of their legal fees.