Yet I see that as more of a pessimistic comment when I hear it, which honestly annoys me. I think wise business owners don’t like to be scorned and convinced that, because they don’t have a lawyer, they’re going to be too incompetent or immature to stop scorn.Have a look at Business Law Group Corporate Counsel for more info on this.
Now Here’s my TOP 10 Ideas to pick a Decent Company LAWYER, not in any significant order.
- Do not take for granted that you need a major blue chip company. I come from a range of big Blue Chip law firms. We do fantastic law and often you need the major law firm’s “name” or “mark” next to you, whether you go public for example. But you don’t need such a firm for more daily jobs. They are costly, and they consist of several layers. And you’ll be charging up to $1,000 an hour, or more, to play with the big dog. If your target is one quarter of that, you’ll probably be working with a junior partner who won’t have the company expertise you’re trying. It just depends on what you need, and on your budget 9. Don’t just concentrate on the billable hour cost. If you decide between someone who charges you $250 an hour and someone else at $350 an hour, don’t make a rigid cost decision. What counts are two things: first, what the actual bill is going to be and, second, the interest who gets it. The cost per hour is a red herring. What’s the point of getting someone to do a contract for you at $250 an hour if the individual requires 40 hours for the work while the other lawyer wants just 20 hours at $350 an hour? Particularly when you can do a better job for the other lawyer.
- Seek somebody you’d enjoy to share a beer with. If your partnership with your business lawyer is going to be effective, you have to have a personal contact with him (her). Letting your counsel into your life as a quasi-friend is for your benefit. There needs to be personal chemistry for that to happen.
- Look for entrepreneurial skills. When you are going to be consulted on your company by your corporate counsel, it is accurate to claim that getting professional expertise is a must. Often that refers to the gap between coming out of school working with a junior partner versus someone who has more realistic hands on company knowledge.
- Look for anyone who’s open to a fixed rate system. Nobody I know would like to keep a prosecutor who doesn’t realize what the actual bill would be. Although this is always hard to predict for a client, he (she) might be open to adjustable or fixed fee contracts.
- Look like a contract killer for a decision builder. There can be thousands of explanations in every commercial arrangement that the contract doesn’t succeed or why the agreement isn’t right. You don’t want an attorney to put needless challenges into making the agreement work. Practical approach is required.
- Think of your legal advisor as your part-time VP. Many corporate attorneys are open to retainer agreements where they plan to serve as a professional part-time VP at a reduced rate than hiring a law firm. For eg, a lawyer might promise to work for you a certain amount of days a month for a set rate.
- Find someone with strong ties to the company. To get stuff done in this environment also needs a strong network of businesses. It’s invaluable to get exposure to this through the counsel.
- Find a guy for men. When you decide to let something happen to you with your prosecutor, he (she) would need to be somebody who doesn’t antagonize anyone around him (her). Finding someone who is well-related to someone may be a catalyst to making things successful.
- Work about the bottom line. Lawyers cost money but I’m not supposing it would be your first impression. What you will be talking about is how your lawyer will help you raise $2,000 by investing maybe $1,000. If so, not a burden to the prosecutor. He (she) is a co-generator with a 100 per cent return yield.