Does your company have a commercial lawyer on call? If not, you could be at risk.
All businesses should partner with a corporate lawyer, as they can assist with a wide range of tasks, including contracts, employment law, real estate, and tax. If your business ever gets sued or faces bankruptcy, they can assist as well.
However, how do you find the right commercial law firm to work with? With plenty of firms out there, it can be tough to decide.
To learn more, keep reading to find five things to look for when hiring a commercial law firm.
1. Look for a Firm With Experience in Your Industry
When looking for a commercial attorney, look for a firm with experience in your industry. Law can vary greatly between industries, so a lawyer who specializes in finance, for example, might not be very helpful if you own a restaurant.
Find a firm that works with other clients similar to your own business and has a proven track record of success.
2. Consider Your Budget
A commercial lawyer doesn’t always come cheap, especially if you want to hire the best. When searching for lawyers, ask them about how their fees work and what you can expect to pay each month.
Corporate law firms often work on a retainer basis, but if you only need a lawyer on occasion, you might prefer to hire on an hourly basis.
3. Think Long-Term
Ideally, you want a firm that you can work with for years to come, like Gorvins LLP. Look for an established, experienced firm that you can build a relationship with over time.
Once a firm gets to know you and your business, it will be much easier to work together, so think long-term when hiring a lawyer.
4. Look for Someone You Can Trust
Trust is a huge consideration when hiring a law firm. Ethics are one of the most essential qualities in a lawyer—if a lawyer acts unethically, it can put your business at serious risk, including jail time for the business owner.
Listen to your instinct—if a law firm doesn’t feel right to you, don’t take the chance.
5. Consider the Firm’s Size
You’ll also want to consider whether you want to partner with a small or large law firm. In large firms, you’ll have access to many lawyers and resources, but you might be just one of hundreds of clients.
Smaller firms might have fewer resources, but may be able to get you more time—it all comes down to preference.
Use These Tips to Find the Right Commercial Law Firm
If you’re in need of a commercial law firm, use these tips to find the right attorneys for the job. Do plenty of research on lawyers in your area, then reach out to a few for consultations.
Soon, you’ll find the right law firm that your business can work with for years to come.
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