Lawyers are taught right from law school how to spot mistakes and weaknesses in their clients’ businesses. As a result, they are also constantly looking for ways to prevent things from going wrong.
Entrepreneurs, on the other hand, have to be able to embrace change and uncertainty. They also have to be able to shake off failure and start again when things go wrong.
Get a List of Your Legal Needs
Whether starting a new business or having an established company in Western New York, you need to know Sunder Legal. Getting this right can help you avoid costly mistakes and ensure the success of your business long term.
Successful startups and small businesses share several common legal challenges throughout their lifecycle. From forming their companies, establishing shareholder agreements, and implementing employee stock plans to securing outside funding and protecting intellectual property.
Startups and small businesses represent a substantial opportunity for savvy law firms. These clients have vital legal needs during each stage of their lifecycle and can offer your firm a steady stream of work.
Communicate With Your Attorney
When clients meet with an attorney, they expect the lawyer to communicate clearly and often. This will help ease the client’s fears and keep them informed about the case.
Legal jargon can be a barrier to communication, so lawyers should default to plain language whenever possible. However, they also should take the time to explain legal terms to their clients and invite them to ask questions.
Another way that attorneys can communicate with their clients is through email. This communication allows the attorney to keep the client informed while remaining compliant with ethical rules.
In addition to email, law firms can use client portals that allow secure communication in one central location. These portals may be built into practice management software or offer independent options for clients to access documents and information. These tools reduce the risk of ethical lapses and can be an effective alternative to phone or text conversations.
Pay Your Attorney on Time
Most attorneys send out bills monthly, but they can be sent at any schedule you and your attorney agree to. Your attorney should also provide you with an itemized invoice and an accounting statement.
Your attorney should keep track of the time they spend on your case and any other charges that come up. This helps them make sure they are billing you the right amount.
Lawyers usually charge a fee in advance of any work that they do for you (known as a retainer). They will then deposit that money into a trust account and use it as the basis for billing you for time spent on your case.
Entrepreneurs often find themselves in a position where they are trying to get started or to grow their businesses quickly. This is not the most straightforward situation, but it can be gratifying if you do something you love.
Prioritize Your Legal Needs
Legal entrepreneurs are melding capital, technology, and process expertise with legal-business knowledge to create easier access, efficient, cost-effective, predictive, digitized, and scalable legal products, and services.
Globalism is creating new challenges for corporate legal buyers requiring differentiated, efficient, cost-effective, predictive, and digitized legal products and services that can be leveraged across multiple business units and jurisdictions. Entrepreneurs address these customer needs by providing predictive tools, performance metrics, predictably priced, digitized processes, 24/7/365 access, transparency, and the right resources for the right task.
Having a law firm that prioritizes legal needs can help your business diminish legal costs and increase productivity. Ask your attorney for advice on what items to focus on to maximize your limited resources.