If your business has become stagnant and it seems like your organisation is slowly going into decline, you could consult with a business lawyer to help rejuvenate your company. You may not need to hire a business lawyer too often, but there are times when you may require their services for several different reasons. Here are some key questions to ask them before you select a firm.
How much do they charge?
One of the most important questions to ask any firm is their price, how much will they charge for their services? As a business owner, especially one running a small company, you’ll be conscious of cost. To keep your company operating you won’t want to overspend when hiring a business lawyer, you’ll have a set budget that requires you to hire someone within that bracket. You should discuss rates with a lawyer and tell them how much you can afford to spend, if they’ve no issues with your budget, you can go ahead with the business transaction.
Have they or any other staff members ever run a business?
It is always important to hire a highly recommended business lawyer, but wouldn’t it be nice to find one who actually runs or has run a business of their own. It doesn’t that much whether it was successful or not, what matters is that they have experience on both sides of the coin. They’ll instantly understand what you are talking about because they too have walked in your shoes. There are plenty of successful business lawyers who have never run their own company, but having one that has would be a major plus.
What do they specialise in?
Business lawyers often specialise in certain subjects because business law is a wide, expansive field. Here are just some of the many areas you can specialise in as a business lawyer:
- Intellectual Law
- Contracts
- Solvency & Liquidation
- Business Restructure
- Income Tax
- Labour Laws
- Bankruptcy
If your business is failing and you require advice on restructuring your operations, they are several good firms located in Leeds such as Michael Chamberlain who can offer you first-class assistance. Companies such as this know how to implement successful strategic plans that can completely transform your business.
Who will work on your issue?
Sometimes you’ll contact a firm and speak to a specific lawyer being under the impression that they person you spoke to will be taking care of your issue. But, this may not be the case, it may be that an understudy will be assigned to you, and the main lawyer won’t be fully involved. It is important to know exactly who will be dealing with your issue, so you can question their credentials.
There are numerous online sites where you can read various reviews and recommendations on business lawyers in your area, but one of the best ways to find a good lawyer is to speak to work colleagues, family and friends. If they’ve worked with someone of high-quality, they’ll be sure to let you know about their service.