Whether it is a running business or you are in the process of setting a new one it is likely that you will require the services of a business lawyer at some stage. New businesses are particularly vulnerable because of lack of knowledge of the businessman while the older ones may have running cases against them. Also in case of a running business, the legal compliances and litigations may require you to hire a business lawyer. Follow the following methodology when you go in for hiring a business lawyer.
Background and reputation
One must find out that for how many years the particular lawyer has been in business. A lawyer with no history of cases similar to your business requirement may not be suitable for you. Ask him to show you a portfolio and proof of past success in similar cases. Also, take a few contact numbers from him to do a reference check with the clients that he has handled. If he has a good experience in his field and has been handling cases for past many years he is a good choice for you.
What Has Changed Recently With Attorneys?
Looking On The Bright Side of Professionals
Due to a growth in business, many attorneys entrust their subordinates to cater to clients. Such business lawyers will not be the ones for you. It must be checked that who is going to handle your case. Many lawyers are so busy that they ask their subordinates to handle the case. Avoid such a selection and ensure that the business attorney handles your case personally.
Expenses and fees
The businesses having multiple legal requirements will go in for hiring a business lawyer on retainer fee. For routine cases, which require minimal representation in the court, can be covered with a fixed fee for the lawyer. However, when you go in for cases, which require case preparation, collection of evidence and repeat presence in court, you will have to hire the business lawyer on hourly fee. Ask the lawyer to provide you with an estimate. Big business houses prefer to keep lawyers on retainer fee due to the nature of their requirement.
Signing the agreement
Having selected the lawyer and agreed a fee structure it is time to write a contract. The term and conditions and the chargeable hourly fee should all be in black and white. The fee structure, any hidden expenses and court charges must be stated clearly in black and white. The contract should be signed as soon as you select the lawyer and verbally agree with him for contesting your case in the court of law.
With these four important considerations in mind one can easily go in for selection of a business lawyer.