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.