How to Choose the Right Business Attorney
If you own a business, an attorney is a valuable asset to your team. Some business owners believe an attorney won’t benefit their business, or that the expense of hiring an attorney is too great. A good business lawyer, however, helps your company tremendously.
There are several reasons your organization would benefit from a business law professional. Here are a few typical business transactions and processes that become easier when you hire a knowledgeable attorney:
- Buying or selling a business
- Creating and negotiating contracts
- Obtaining patents, trademarks, or copyrights
- Regulatory compliance
- Drafting policies, bylaws, etc.
- Filing taxes
- Litigation
- Corporate restructuring
- Solving human resource challenges
Who Should You Hire?
When your organization needs the advice and expertise of an attorney, how do you know who to hire? Whoever you choose, that lawyer will become an integral part of your organization, so it’s imperative that he or she fits your specific needs. Here are a few tips to keep in mind as you look for a business attorney:
Hire Someone Who Identifies with You and Your Organization
Research attorneys in your area with expertise in the areas of business law that are pertinent to your organization. If you run a non-profit, look for someone with tax-exempt expertise. If you are passionate about what your company accomplishes, find someone who shares your passion.
Weigh the Pros and Cons of Small vs. Large Firms
Large firms have many attorneys with numerous specialties, so it will be easy for a large firm to meet your needs. However, large firms can be more expensive, making them less ideal for very small businesses.
Small firms might not have experts in every aspect of business law, but it’s easy to form close, personal relationships with the lawyers at small firms. In addition, small firms are usually less expensive.
Find and Interview Qualified Attorneys
Do an Internet search for qualified attorneys in your area, and then schedule consultations with them. Or, ask colleagues which lawyers they trust and do business with. Prepare a list of questions and interview each candidate. Some information you’ll want to know includes:
- Experience
- Areas of expertise
- Fees and billing
Take the Next Step
Once you’ve narrowed down your list of potential attorneys, decide which one is best for your organization. An experienced attorney is one of the most valuable assets of your business, and if you hire someone you trust, your organization will reap the benefits.