Five Tips for Hiring a Corporate Lawyer

It is important when hiring a corporate lawyer that you receive the right advice. You also need to make sure that you choose the right lawyer to represent your business. You need someone who you can trust, who you know will do a good job and who you feel comfortable with.

Quality

Basically when hiring a lawyer you get what you pay for. Legal advice does not come cheap, and if you want good professional advice you need to invest in a good lawyer. Do your research and contact several lawyers before you make your decision. Ask for references and do not be afraid to ask them about their background. Ask lots of questions and get them to explain the basics to you. You need to be sure that you understand procedures properly so ensure that you listen and try to learn as much as you can. Not only will you learn a lot but you will be clear on what is going on at all times.

Fees

Usually corporate lawyers charge by the hour but if you are a small business or just starting up this kind of expensive could be out of your reach. It might make more sense for you at this stage to negotiate a fixed fee. If you feel it is possible you might need advice from a corporate lawyer on a regular basis then a retainer could be something you might want to suggest. Make sure it is made clear to you what their fees include as you don’t want to get any surprises down the track.

Advice

This does seem obvious but don’t just assume the lawyer knows what it is you want. Many business owners can have a preconceived idea that corporate lawyers deal with exactly the same situations over and over. It is not often just a case of getting documents filled in. Corporate lawyers will often be involved in drafting up contracts, but they can also give you great legal and business advice in regards to negotiating positions. You will find that your lawyer will mostly give you advice, above anything.

Relationship

It is a good idea to build a long term relationship with your lawyer, this is why it is important to find that right person in the first place. For the success of your business you need someone who has been with you for a decent amount of time and understands the ins and outs of your business. A growing business will need advice often so it is worthwhile getting a long with this person.

References

It does help to ask for references. Ask around amongst your friends and family, and also contact other businesses. They might be willing to share advice on choosing a good corporate lawyer. You may find references in unlikely places, like via social networking, or do a search on the internet. Industry magazines or legal publications may be able to help you find the right corporate lawyer as well.

Work As a Commercial Solicitor

Commercial solicitors work on behalf of businesses both large and small, advising and representing them on all legal matters. If working for big companies they may be involved in setting up, negotiating and finalising big mergers and acquisitions. Smaller companies may need general advice in terms of progressing their business. Commercial solicitors (otherwise known as corporate solicitors) often work in teams, especially when dealing with large companies and these teams will consist of a range of more or less senior lawyers.

Some of the typical duties carried out by commercial lawyers will include
• Meeting with clients to discuss their legal requirements and inform them of the cost implications i.e. how much the solicitor’s fees will be
• Advise them of the law and how it relates to their plans or concerns
• Research relevant case studies and check legal reference materials in order to make sure all the boxes are ticked
• Take on the case which could entail auctioning and scrutinising contracts and documents and meeting with and negotiating with other professionals
• Managing and overseeing the work of junior solicitors
• May involve representing a client in court or calling in specialist witnesses or advocates
• Checking all paperwork is correct before client signs
• Ensuring fully up to date with all the latest changes in the law by reading professional journals and attending training courses in order to achieve CPD – continuing professional development

The hours of work can be long and mean working late into the evening and at weekends, especially when working for an important client. The pay may make up for this however – salaries start at around £20,000 per annum for junior solicitors, but with experience, and especially if working in the City of London starting salaries are £30,000 or more. For those who stick it out for 10-15 years or more the sky’s the limit pay wise. A solicitor who makes it to board level in one of the City’s top legal firms may be paid £1,000,000 (with profit share)

Most work is found in the big cities of the UK, primarily London. There are currently about the same number of men and women entering the profession.

Different Kinds of Lawyers for Business

Most of the time when people think about lawyers they imagine the lawyers that are seen on television arguing back and forth in order to either prosecute or free a criminal who has created some type of heinous crime. However, criminal lawyers are not the only lawyers that are available. There are lawyers who specialize in just about every industry available. There are civil lawyers, entertainment lawyers and even dui lawyers. If you are ever in trouble and need the services of a lawyer, make sure that you get one who is skilled and trained in the area in which you need advice. For example, it really is not wise to get a general lawyer if you are trying to get a patent or a license. The following are just a few of the lawyers that practice within the business world.

Employment lawyers are required when you are having severe difficulties on the job. This is usually when a person is being harassed because of their sexual orientation, race, gender or disability. Unfortunately, these things happen. When they do, advise management that you are being harassed by fellow co-workers. When it is someone from management that is treating you unfairly, then take this matter to the Human Resource department within your company. Most companies will have policies that say that employees should never be discriminated against, no matter the reason. However, depending on the corporate environment, many companies do not enforce these policies. As a result employees are bullied or harassed, which makes the working environment hostile. However, get a lawyer if your working environment becomes hostile. He can help to get the situation taken care of.

Commercial lawyers are a necessity for any business that wants to remain profitable. A commercial lawyer can ensure that your business is running in an efficient manner. He will also make sure that your assets are property secured. He can also ensure that things such as vendor contracts are in order. Basically, any time that a company enters into a legally binding agreement, it should seek the services of an attorney.

Trademark lawyers handle all matters that deal with trademarks. It is their responsibility to counsel the client about their particular trademark. He should do the proper research and determine if your trademark is safe once you submit an application.

Corporate lawyers are there to handle all legal issues for one corporation. Depending on the size of the business, a corporation can have a whole legal team working within the company or just one person handling all legal matters. Usually anything that has to do with contracts, mergers, acquisitions or product liability will be handled by corporate lawyers.

All in all, there are many different types of lawyers that fill various needs. Although criminal lawyers are more prevalent that other types of legal professionals, this does not mean that they are not the only ones found. There are so many different areas of life in which people need legal advice. There is no way that one lawyer could every business questions that ever comes up. This is why legal professionals choose to become experts and specialize in certain areas of business. This is a good thing for business all around.

Top Tips on Negotiating a Commercial Contract

Negotiating a successful commercial contract will save you time and money in the future. A good contract should be as comprehensive as possible satisfying the needs of both the parties. This article includes some top tips on how to negotiate and create a commercial contract.

Who are you negotiating with?

If you are doing business with a new client then you will need to ensure that you are satisfied as to their location and credit worthiness. Performing a credit check on an individual or company might mean you avoid ending up out of pocket if they fail to pay in the future.

If you are dealing with a company check the company address and registered number at Companies House, this check can be done for a relatively low cost online.

Would you be happy if the company or individual you are dealing with assigned their rights to someone else, or is their identity important to the performance of the contract? Allowing assignment can be a strong negotiation point for a contract as many providers are only happy dealing with one party. Assignment can bring a higher price and more favourable terms for the contract provider. Conversely however assignment requires a high degree of flexibility and the ability to deal with different parties, of which may not suit your organisation. Make sure either way that the terms of assignment are clear.

What is the purpose of the contract?

Irrelevant to whether the contract is for goods or services an adequate description of what is being sold should be provided so that the buyer is clear on exactly what they will be receiving.

If you are a commercial seller then you must ensure that any goods sold under the contract are of a ‘satisfactory quality’ and are ‘fit for purpose’. Due to the Sale of Goods Act (1979) these requirements are automatically implied under the contract.

Any assumptions as to the quality of the goods or services which are bespoke to the contract should be documented as agreed by both parties. These assumptions will normally match whatever was negotiated upon at the point of sale – what was the agreed price?

Before drafting the contract it is important that you negotiate and agree upon a price for the performance of the contract. However when creating the contract you should try to detail any potential extra costs that may be incurred by the buyer. Try to be as transparent as possible with costs as this is one of the main areas of contractual disputes.

If the contract is for a large sum of money then a payment plan can be negotiated between the parties and this should be detailed in the contract. Dates should be given for when the deposit money should be paid and when each payment instalment is due. You may also like to provide a preferred payment method i.e. by cheque or bankers draft.

Every business should ensure that they have tightly drafted terms and conditions of business prepared by specialist commercial lawyers for every transaction – and should consider dedicated commercial contracts for large transactions.

Getting Ahead With Employment Lawyers

There are somethings that you should do yourself, and there are other things that you should always try to avoid doing yourself. One such thing of course, would be employment issues, or even commercial issues assuming that they involve legal matters. That being said, how will you go about taking care of this business if you cannot do it directly? Easy answer: employment lawyers.

Let’s be honest. Most people will never need an employment lawyer. As a matter of fact, the average person has never even heard of an employment lawyer! So what do they do exactly? First of all, they will help to settle certain workplace disputes. We are not talking about that minor dispute you may have had with another employee. Instead we are talking about wage disputes and even sexual harassment claims.

These instances are common in the workplace, though they are usually resolved internally via a settlement of some type. Employment lawyers only become necessary when the dispute simply cannot be solved normally. An employment lawyer will go about the business of ensuring you get the settlement you need, and that you remain employed, if you so desire.

Commercial lawyers are not to be confused with employment lawyers. These lawyers serve a purpose as well, but it is separate. Contract negotiation, among other things, will be the domain of the commercial lawyer, and every corporation will probably have one on retainer. Keep in mind however that a commercial lawyer is also very important for small businesses.

When seeking out either employment lawyers or commercial lawyers, it will be of the utmost importance for you to ensure that they know what they are doing. This is a very specific area of law, and you cannot go to just any lawyer for advice. You will need to make sure you employ a lawyer that has very specific experience in the area. It might be expensive, but it will get the job done.

The most important thing to remember is that you will at least want a lawyer on retainer. You certainly do not want to look for an employment lawyer or a commercial lawyer the moment you need one. Certain problems can evolve, and you may find that the opposing side obtains an attorney before you do. The question now of course, is how you go about finding an attorney that can help present your case to the proper authorities, and ultimately help you get the outcome you not only want, but deserve.

The first thing you need to do is search online. You will find that there are a plethora of great online resources, Once you find someone, it would be a good idea to make sure you check their references and ensure that you’re dealing with a confident lawyer. So long as you do your research and make sure you do not rush into anything, there is absolutely no reason that you should not be able to hire a lawyer that will take your case on. The biggest question however is whether or not you are really prepared to take on the responsibility of taking on your workplace. It can be intimidating, but in the end, you may help others who are facing the same situation, and ultimately create a better workplace environment. Are you ready?