How to make the most of having a business lawyer and get the maximum benefit out of the relationship.
Once you have successfully established a relationship with a lawyer, you need to make sure that you are using him to full utility and to the best interest of your business. You must keep channels of competition open at all times. When you find out lawyer who can help you or your business, understands your business needs and does a good job in keeping the legal problems in check, you have found a valuable asset for your business. It is up to you to use this asset whenever required and to take out its full potential.
It is advised that you should meet with your lawyers regularly. Even once a month. While this may seem counterproductive to keeping the legal costs low, you would be surprised how it enables you to reduce your day-to-day consultation with your attorney thus bringing down the costs and more importantly helps you nip certain legal problems in the bud before they have a chance to escalate into something more complicated.
It is a good idea to arrange annual meetings with your attorney to discuss the past years progressed and plan goals for the coming year.
Keeping in touch with your lawyer and business attorney will also help you estimate how good a job he is doing. Usually the quickest measure of your attorneys competency is to realize how many legal difficulties you’re still facing.
Lawyers are not only supposed to solve problems but they should also fend them off in advance by bringing up solutions to potential legal issues and problems that the business can face in the future. This is somewhere where the experience of a lawyer can come in handy.
Even if the lawyer is not very experienced, a competent professional always does extensive research or refers to someone who can help in a situation that he is not well versed with. That said, when you hire a lawyer for your business, he should be somebody who is well aware of and has a good knowledge of business laws and legal structure of small businesses. A good lawyer is a competent professional who returns phone calls, meets deadlines and follows through on promises.
Make sure that your attorney is helping you meet your business goals, control legal ramifications, does not burden you with undue legal costs and is a support system for your business.