Obtaining legal assistance for your company can be a very costly proposition, especially for cash-strapped small businesses that are hard pressed to come up with the money to pay a lawyer.
If this is your situation, it's a good idea to let your lawyer know right off the bat, and ask him for advice on how to handle your legal issues for the lowest possible cost.
For routine clerical work such as drafting contract and writing simple letters, it is often best to have a junior associate or paralegal handle your case, rather than a senior lawyer. You might also want to try revising simple documents yourself (depending on your level of experience), rather than making repeat visits to your lawyer's office.
If your business requires representation in court, you might want to try and negotiate a contingency fee, usually a percentage of gains (i.e. from a lawsuit), which would be paid upon successful completion of your case. This type of deal isn't always possible for very difficult or specialized court battles, and can represent a significant premium over normal legal fees. It does take away a lot of your risk, however, and reduces up-front costs, while providing additional incentive for an attorney to work hard on your case.
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Rarely there are options and I believe that there is no business on this planet that can afford to lose at the course, because of cheaper lawyer fees.
ReplyDeleteIt is difficult to reduce legal costs, however it is not impossible and above tips can be useful for every company.
ReplyDeleteThis may be difficult and depending on the company. It is good to have a nice relationship with law company and arrange something.
ReplyDeleteI think there are several ways to do that, honestly I have never try to do it.
ReplyDeleteIt is not something that can be experimented, but following this guide may be helpful. Of course it depends on company and business niche.
ReplyDelete