In complex economic climates one resource that any business owner cannot afford to do without is competent business advice. When the dollar is tight the odds of disputes with customers, business partners, and creditors rises. But how do you find that excellent business attorney. You need to know that your legal team will provide the necessary support when crisis situations occur. Also, as your business grows you will find that an attorney can be of assistance in every area of your company. Contract negotiation, real-estate contracts, zoning, liability questions are just some of the areas an attorney can assist your business with beyond dreaded litigation. Despite the breadth of issues with which an attorney can help business owners, many companies wait until a lawsuit has been filed to hire an attorney. This is a mistake! Lawyers are best utilized to prevent this from occurring. A simple legal review of you business by a trained professional can keep you from ever seeing the inside of a courtroom. Think of it in the following terms. Would you rather get an annual check-up by a doctor who prevents you from getting sick? Or, would you rather pay for an expensive stay in a hospital? Hopefully, you will consider hiring an attorney before problems arrive. Here are some things to think about before you do:
What kind of attorney does you business need? Attorneys specialize in various aspects of the law. Do you need a specialist in contracts? Do you need a product liability lawyer? If your needs indicate a variety of specializations are you willing to retain the services of a large law firm with access to specialists in many types of law?
How much can you afford to spend? Large law firms are often more expensive up-front. However, if your business is growing, hiring a sole practitioner may cost more money in the long run. He or she is unlikely to have the needed expertise and will need to contract with other lawyers to perform important functions.
The very best lawyers charge the most. Ask other business owners in the area. They are often the best source for information about legal reputations. Also, research attorneys through services like your state bar association. They will not be able to recommend an attorney, but they do keep track of thinks like instances of malpractice and disciplinary actions.
Attorneys often don't charge for initial consultations. However, it may be worthwhile to pay a small fee if an attorney has an especially good reputation in the legal community.
When meeting with an attorney fully discuss fees. A retainer is often required in addition to some sort of fee for service. Ask about flat-rate fees for certain tasks in lieu of an hourly rate. Also, as for any service, ask for a written estimate and description of the process should price exceed that estimate. With a little research, hiring an attorney, while not a pleasant activity, will be beneficial as your company continues to grow. Don't forget that, like all business relationships, it is important to be comfortable personally with those you interact. Does your new attorney communicate effectively? Will he or she represent the image of your company well? Hopefully, you will only see your attorney for routine business matters. But, should a crisis occur, you want to know that your lawyer will be there for you and is a person you can work with.