Sometimes your business faces risks that require you to seek legal counsel. The right lawyer protects your company’s interests and can help you save time and money, reduce stress, and protect your rights and future. While you can’t always avoid risks, you can use several tips as you decide when and how to hire legal counsel.
Consider the purpose of your attorney
Start your search after you understand why you need one. Are you adding a partner, preparing employee contracts, negotiating leases, or facing a lawsuit? The right attorney will be skilled and experienced in handling your particular need.
Determine the law firm size
Larger law firms typically employ attorneys who specialize in different areas of law, while smaller firms may offer more personalized service. Consider the trade-offs between breadth of resources and the level of attention you expect as you choose a firm.
Choose a general or specialist practice
A general-practice firm can handle many routine business needs, but you may want a specialist for complex or niche challenges. For industry-specific liability questions, you can also review coverage options such as Consulting Services Liability Insurance to understand risks that overlap with professional services.
Common business law areas
- General business law
- Business formation
- Employment law
- Contract law
- Intellectual property
- Business taxes
- Commercial real estate
Your general attorney can assist with many of these areas, but you may still need a specialist for litigation or other complex matters, such as a wrongful termination lawsuit.
Set a budget
The cost of legal counsel varies by need and region. Some attorneys charge by the hour or by task, while others offer fixed-rate arrangements or a la carte services. Research pricing and balance cost with verified expertise, since an inexpensive attorney who lacks experience can cost you more over time.
Also consider whether you need insurance to help cover legal costs; for example, some businesses review options like Legal Counsel and Prosecution Coverage as part of their planning.
Ask peers for recommendations
Other business owners and your accountant or banker may be willing to recommend an attorney, or you can talk to an agent about coverage and referrals. Verify credentials and client ratings for each recommendation before you arrange consultations.
Verify who you’re hiring
Before your initial consultation, confirm which attorney will handle your account. You may not want to meet a firm partner during an initial meeting only to be assigned a junior associate to handle the case.
Conduct interviews
Many attorneys offer a free consultation; use that meeting to determine compatibility and whether the attorney can meet your needs. Present possible business scenarios to ensure the attorney has the right skill and experience.
Your legal counsel can protect your business when you face risks. Use these tips as you consider when and how to hire an attorney for your company.
Frequently Asked Questions
When should a business hire an attorney?
Hire an attorney when you face transactions, contracts, disputes, or regulatory questions beyond your in-house expertise, or when potential legal exposure could be significant.
How do I choose between a generalist and a specialist?
Choose a generalist for routine business matters and a specialist for complex or technical disputes where deep subject-matter experience matters.
What should I check before hiring an attorney?
Verify who will handle your file, check credentials and client reviews, and confirm relevant experience with similar matters.
Can insurance help with legal costs?
Some business insurance policies can help cover legal fees for certain claims, so review your policies and discuss options with your insurer or agent.