Legal assistance is often necessary when opening a new company, raising investment capital, or starting a business abroad. But finding a business attorney who will understand your industry and provide advice to protect your interests isn’t always easy.
The ABA recommends that you bring information about your specific business and case to meetings with prospective attorneys. These questions can help you find the right new business lawyer for your needs.
Reputation
Word-of-mouth recommendations from friends or colleagues can carry much weight in your decision-making process. However, reaching out to other legal professionals — whether they are attorneys practicing in different areas of law or legal experts in your community — can also give you a more objective perspective on an attorney’s reputation.
It is essential to remember that business attorneys should have a positive reputation among their peers, professional associates (such as bankers or accountants), and other business owners. Consider also requesting reviews from previous clients, but picking the right moment is essential. You should request these reviews from the attorney or their support staff shortly after the attorney has won a case or shepherded a transaction to a successful completion. This way, the client is likely still happy and disposed to write a testimonial. It’s a great way to assess an attorney’s work ethic, responsiveness, and effectiveness.
Experience
The best business attorney Denver should have extensive experience in handling various business legal issues. The attorney’s credentials and specialization should also be relevant to your company’s needs. For example, if you own a construction company, the lawyer should understand construction law and know how to handle zoning laws and city ordinances that apply to the industry.
A reasonable business attorney can help your company avoid costly legal problems and issues. Handling these issues alone could result in costly mistakes that can affect your company for years.
The lawyer you choose should be able to listen and communicate effectively with your team. Understanding your goals and vision for your business is vital because the attorney will be a long-term partner in your company’s growth. The attorney should be willing to take the time to listen to your concerns and explain complex legal concepts in a way that makes sense for you.
Fees
When selecting a business attorney, be sure to inquire about their fees. Many attorneys work hourly, while others offer a flat fee. For example, many firms will charge a flat rate for drafting professional contracts or other essential legal services.
Some attorneys will also offer a monthly retainer plan. This option allows you to budget your attorney costs and ensures they can answer your questions. In addition, many business law professionals offer flexible meeting options, including over the phone and online, so you can save money by avoiding unnecessary costs.
Business attorneys can be a great asset to your company, but choosing the right one for your needs is essential. An attorney specializing in business law will have the experience and knowledge to assist you with your industry. Furthermore, a knowledgeable lawyer for your industry can assist you in averting future expensive litigation. By taking the time to interview and compare potential business attorneys, you can select the best choice for your needs.
