How to Choose the Best Business Lawyer
Choosing a business lawyer is very important because these law experts handle a lot of legal matters regarding business, many of which are concerned with protecting your money and even protecting your business from disputes. For getting more information about how much a business lawyer can be helpful to you, visit Denton Law Firm. Let’s see what you can do to choose the best lawyer for your business.
Choosing A Small or A Large Firm
You should first decide on a small or a large firm to choose. Each of them has its own pros and cons.
Large firms are those who have 10 or more attorneys and usually work in more than 1 state. They are more likely to handle the legal matter for your business without you needing to send specialized matters to outside attorneys. They also have more influence in the business world, whereby they can handle small matters just with their reputation, and many times can even connect you to other useful businesses like investment firms, etc. A downside of choosing a big firm is you have to pay for all the advantages; however, if you own a big, prospering business and/or are planning to expand it, choosing attorney from a big firm is helpful.
Small firms may not have all the specialties you require under one roof and may not also have the influence and reputation of a big firm. But, their charge is considerably low. So, if you run a small, local business, a small firm is sufficient to handle your legal matters.
Business Law Specializations
Business attorneys fall into 2 categories (some may fall in both) – litigation attorneys deal with disputes, while transactional attorneys deal with out-of-court business matters. Plus, there are plenty of other matters of specialization attorneys might have earned expertise in, and the more expert your attorney is, the better.
- Contract attorneys give advice on and prepare contracts for suppliers, customers, partners, employees and all the other contracts you may need in your business.
- Some attorneys also are expert in business organization. E.g. when you may need to decide on whether to make your business a limited liability corporation (LLC) or a corporation, a business organization specialist attorney may help you through the decision process and also draw up the required paperwork.
- Real estate attorneys are expert in negotiating terms on commercial estate leases, purchases and rentals.
- Your tax forms are handled by your accountant, but there are attorneys for tax and licensing too who can advise you on probable tax penalties and gains regarding any business ventures you are planning for, and is also able to prepare the documents and register for your tax identification numbers at federal and state levels.
- An intellectual property specialist can help you to register, trademark and then copyright your products.
Make a List
Prepare a list of attorneys you are planning to interview. There are plenty of ways to find out qualified attorneys.
- Visit the official portal of American Bar Association. You will find there a wealth of info to help you choose an attorney, from references to general information on various legal questions.
- Visit and online service for attorney referrals, such as Lawyers.com or FindLaw.com.
- Search through telephone books.
- Inquire with family members, friends and other business owners if they can refer any good attorney. Authentically good experience is a real helpful referral.
While choosing a business attorney, gathering particular information is important.
- Find out how experienced the attorney is and what type of experience s/he has, whether s/he handles similar clients having the same needs as yours.
- Inquire whether the firm needs outside specialists.
- The attorney you choose should have the best knowledge of your specific industry, or s/he should be willing to gain knowledge if s/he doesn’t know a particular matter, in order to give you the best service.
- Ask about billing and fees. There are various types of fees, including hourly fee, flat-fee, retainer fee and contingency fee. Discuss each thoroughly during the interview and find out their flexibility in letting you choose.
What Do You Feel?
Your feelings about the attorney you interview are important. You should be comfortable with her/him – not only with her/his knowledge and efficiency, but also with relationship. Her/his communication with you should be understandable and you should feel comfortable to communicate with her/him.