There are two professionals every business will need early on: an accountant and a lawyer. The reason to hire an accountant is very obvious. We need someone to maintain our records, setup chart accounts, review our numbers periodically and prepare federal, state and local taxes. However the reason for hiring a business attorney may not be so apparent.
There are many risks involved when we run a business. Legally and financially we have always something at stake. Financially risks are handled by our accountant so as a lawyer or we can say business solicitor handles our legal affairs. A good business attorney will always provide essential assistance in every aspect of your business for example copyright or trademark advice.
There are several things which are meant to be considered while hiring a solicitor in order to spend less money. For example it is too late to call a lawyer when sheriff is standing on your doorstep with summons. In that particular case what lawyer will charge you would be too high as it’s just a question of how much you will have to pay (attorney’s fees, court costs, settlements and other expenses) to sort out the problem. The fee a lawyer charge to keep you out of a certain trouble is just a fraction of the total fee a lawyer will charge to get you out of that trouble once it’s happened. So always pay attention and hire a lawyer if a potential legal case is about to knock your door because it’s easy to get into court but very difficult to get out once you have been trapped.
There are various independent lawyers who can be hired for a role of business solicitor or the better option is to hire a firm such as SOR solicitor corporate lawyer firm. The thing which is to keep in mind is the larger the law firm, the greater would be overhead that means higher rates per hour you will have to pay. There are various benefits of hiring big firms over smaller firms for example they are incredibly specialized, they have plenty of experience. Smaller firm or solo practitioner may not have all the skills you may need to grow your business or to handle a certain case. Broadly we can say that while larger firms are a little bit expensive to deal with but they have two significant advantages.
1.) All the legal skills are available for client under one roof so that you won’t have to talk to another lawyer for a certain case and explain him everything from the beginning.
2.) They have a lot of clout in local/regional or national legal community. It’s obvious that the legal notice from 30 different law firms will have more intimidate effect in comparison to a legal letter from solo practitioner who is not admitted to practice in defendant’s state.
The main goal of hiring a good and well experienced lawyer is that we can expect them to be both knowledgeable about our business and sensitive to provide immediate and effective solutions to our legal needs.