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A Few Things to Consider when Hiring a Lawyer for Your Business

A Few Things to Consider when Hiring a Lawyer for Your Business

When you are running a company, even a small one, it is important to have the right people and services in place. Most entrepreneurs are highly aware of this, which is why they take their time when recruiting. However, some are not so careful when it comes to hiring the service providers that they use. Time is short, so some business owners simply go online and hire the first accountant or law firm they see that has an impressive website. It is all too easy to fall for clever marketing and end up with a company that is not suitable for your business. Below we take you through a process you can use to make sure that this does not happen to you.

Understand what Legal Services Your Company Is Likely to Need

The first step is to review what you think needs to be done and hire a firm that meets those needs. Larger firms like CBL Business Lawyers in Melbourne offer a wide range of services that cover commercial litigation, alternative dispute resolution, debt recovery and more. Make sure you know what it is you may want – with all eventualities covered – and ask your prospective lawyer the relevant questions to ensure they are suited to your business.

Hire According to Your Needs

Most business owners choose to hire a general services law firm to handle day to day tasks and issues that relate to the law. For example, drawing up contracts and dealing with legal matters that are related to employment or health and safety regulations. Usually, this is a wise approach.

Make Sure that You Understand the Costs Involved

Before you hire any lawyer, it is important to sit down with them and discuss what it is you need them to do and establish what the costs will be. Sometimes it will not be possible for them to give you a full quote.

For example, if you are in dispute with a customer, you may be able to settle the matter without going before a judge, but this cannot always be guaranteed. It may be that you will end up in court. Maybe even go through an appeal process too. Naturally, in that situation, your lawyer will have to do far more work. In which case the final bill will be larger.

Because your lawyer does not know for sure what is going to happen, giving you an overall quote would be impossible, but a lawyer should be able to give you a fairly accurate estimate of what the cost would be for each of the possible stages. This will enable you to understand what the worst-case scenario is likely to be financially speaking, so you can work out if you can afford to pursue your case.

Make Sure that any Lawyer You Hire Has the Right Credentials

As you can see from this news story, there are fake lawyers out there. So, before you hire one make sure that they are properly qualified.

Keeping these things in mind will help you to hire a business lawyer that is suitable. This is something that will bring you peace of mind and save you a lot of hassle in the long run.

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by Rebecca Jones // Contributor to Businessing Magazine.

Opinions expressed by contributors are their own.