George K.
The process of being a business owner or executive in a company takes many years of work to achieve. Through the years you will experience a lot of ups and downs, and meet plenty of people along the way as well. All of the people you meet will provide you with some value in one way or another, which makes them important to keep around if they are of use to your company.
The importance of making connections and growing a solid team around you in the business world cannot be understated because of the fact that a team is stronger than a single person. One of the most crucial aspects of your business team should be a corporate or business lawyer. The reason is pretty obvious, that they provide an invaluable service with their expertise, but you also need to know how to choose one, and here are some things to consider.
Provides Excellent Connections in Your Field
Going back to the point about connections, a corporate lawyer should give you an advantage by providing you with a network of specialists or individuals that can be of service to you. Great corporate lawyers will always come across many people throughout their careers, and these people could help you with various tasks, the experts at Alvin Legal make it a point to highlight the need for qualified legal teams, but also the need for specialization in many areas regarding a business as well. An important thing to remember when looking for a corporate lawyer is to always ask, “who do they know?”
Has Experience in a Multitude of Cases
Just as important is the experience they have in their industry. Corporate lawyers vary in terms of time spent practicing, along with the experience of their team as a whole. It’s very important that you find a corporate lawyer or legal team that not only has years under their belt, but also experience in numerous cases. Having a diverse range of knowledge and experience gives them an advantage in that they are ready for curveballs in any kind of case.
Focuses Equally on Your Business and You as an Owner
Any great lawyer should be friendly, but it’s about more than just friendliness. Hiring a lawyer shouldn’t feel like bringing in a cold, calculating machine that is there to serve a task for your business, they should feel like a part of your business as well. Finding a lawyer that is just as focused on helping out you as a business owner as they are on helping you with a merger is tough to find, but exceptionally valuable in the long run. It helps you feel like you can discuss the nature of your business with them and get honest advice in return.
Fair and Reasonable Rates
It’s impossible to ignore the elephant in the room when hiring any kind of lawyer or specialist, but it is good to look for a corporate lawyer that is going to offer you fair or reasonable rates for the work that is required. It’s no secret that lawyers can charge a lot, but it’s more important that you find a lawyer that is actually worth their price tag. Some corporate lawyers can go higher than $300/hour for help, but it also means they have a lot of experience and an excellent track record. This is much more important than the dollar figure as it shows that they are worth the asking price, but it’s still good to consider your budget for hiring help as well.
Provide Easy Contact
The final thing you should know before choosing a corporate lawyer is knowing how easy they are to contact. In too many cases have there been business owners who have felt like they had to act as a cold-calling salesman just to get the attention of their legal help. It should never feel like this, especially if you’re spending good money for their assistance and guidance. Any good lawyer will provide numerous means of contact and be ready to get back to you at a moment’s notice, within reason. It’s crucial you find a lawyer that is very easy to contact, and easy to talk to.
Building up your team is an essential way to make your business grow and flourish, but you need quality over quantity. One addition your business can desperately use is a good corporate lawyer and using this advice, you can see what kind of questions you need to ask before picking one.
