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Expert Answers to Biz Questions
Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.
How to Choose a Solicitor for Your Business
A solicitor can be very useful and help with many different aspects of your business, however, there are many different law firms out there who specialise in different areas. Finding the right one can therefore be quite difficult, especially when you need help with a specific problem or have very unique needs.
Using a solicitor is imperative in business and you should always have one on hand who can help you out with any legal problems you may come across. Getting in contact with a solicitor and building a basic relationship with one is part and parcel of the start-up process.
#1: When to Use a Solicitor
If you are in doubt regarding a problem or issue, it is always best to seek professional advice. After all, the amount of money you may end up paying for this advice will be far less than the potential money you may need to pay out should you get something substantially wrong and have to put it right.
Law firms can help with a vast range of problems such as employment, writing contracts and agreements, forming companies, and expanding your business. Do a little research about your industry and find out if any specific laws or regulations apply to it and consider whether you need any specialist advice.
#2: How to Choose the Right Firm
By performing research into your industry and figuring out whether any specific regulations or laws apply to you, you can levy this information to find the right firm of solicitors. As we said, many firms specialise in different areas of law and you always want to choose the firm which knows the laws that apply to you inside-out.
National commercial law firms are always a good choice for small businesses. Commercial law firms specialise in working with commercial organisations and businesses provide legal services catered to the commercial business world. Commercial firms such as hjsolicitors.co.uk provide a range of legal services which meet the needs of most small-to-medium sized businesses.
#3: Consider How Much It Will Cost
Generally speaking, legal services are expensive. If you have budgetary concerns or restraints, be straight up with the firm you are considering and ask how much their fees are or are likely to be.
The good news is that most solicitors charge by the hour for their services and thus you only pay for what you use. The problem with this is that some legal issues can be very complex, and it is easy to underestimate how much time needs to be spent on your problem. UK law requires solicitors’ fees to be “fair and reasonable” and firms have to provide a certificate from the Law Society stating that their fees are fair and reasonable if you ask for one.
As a small business, there will come a time where you have to consult a law firm – it is unavoidable – and it is best to get this out of the way early and have a firm on-hand from the very beginning.
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