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What qualities do you look for in a lawyer for your small business?
177 views
Phil Khor, Founder at ONETOUCH ACCOUNTING SOLUTIONS
Great question Deborah!
I like lawyers whom I can trust and build a good rapport with. I hire lawyers who has my back, and who is able to attend to issues in my business, however complex those may be. He/she should be someone I wouldn't hesitate to pick up the phone and have a chat without worrying about how much is that call going to cost me!
I stay away from lawyers who charge by the minute, because I don't think they understand the needs of their clients. I don't want to be unreasonable, and I believe professionals should be compensated for their time equitably but that said, when professionals puts too much focus on their billable hours and percentage of utilisation, they tend to lose sight of their clients' needs and the bigger picture of what's at stake.
I need to be confident that they have the right experience, and whether they have the right expertise in my industry to take care of unforseen issues confidently. For example, our business is a unique marketplace that most lawyers would not have the depth of experience in. So I'd need to look at their portfolio of previous projects, the type of clients whom they work with the most, client references, and recommendations from people in my network. The problem is that it always take so long to gather all these data to make the right decision lol.
I'm also big on transparency, not just about scope, fees structure and processes but how we should handle issues ethically and with the highest integrity at all times. I don't like surprises so open and honest communication is key, which in essence is a pre-requisitie to building great rapport.
I don't believe in shopping for the lowest fee. I believe you get what you pay for, and I'm willing to invest in the right expertise and experience as long as they're competitive in their pricing. Again, I do look for some flexibility, and know that I won't incur extra charge each time I pick up the phone for a quick question.
Last but not least, I look for lawyers who are good cultural fit - a lawyer who is results driven and willing to go the extra mile, someone who would think of alternatives, someone who thinks ahead, and raise potential risks I may not have thought before, and generally is always looking out for my business. These are the only lawyers I trust.
Then, it doesn’t feel like just a service I’m hiring but more of an investment I’m making. Hope that helps.
Terry Chadban, Founder/Manager at Port Macquarie Online Marketing
Hi Deborah,
[1] We don't have lawyers in Australia, we only have solicitors and barristers, so that would be one reason,
[2] The main reason that I mightn't see a solicitor for legal advice might be the lack of transparency on pricing.
Solicitors in Australia are notorious for even charging exhorbitent fees for postage stamps in their final bills. So I would need a solicitor that [a] specializes in small business needs, and [b] announces their fees upfront.
Luckily I do have one of those on hand. :-)
Terry Chadban, Founder/Manager at Port Macquarie Online Marketing
You probably don't want one, and you may not even need one if you can fill out forms on your own, but it is a case of better off having one and not needing one, rather than needing one and not having one.
To a point. As much as I trust any online service. For boilerplates and general advice, I would go to an online only service. Earlier this year, I had a legal matter concerning defamation in my industry. I wouldn't go to an online service straightaway, I'd contact a bricks and mortar media lawyer.
Deborah Vella at Support Legal
A common legal issue for small businesses is getting their business structure right. Sometimes its really easy to just start a business without thinking about the legal structure. One thing leads to another and you end up with a mess of who owns what. This has legal risks to you and your business and also immediate tax implications. Before starting a business, you should obtain advice from a lawyer and an accountant.
Samantha Goodman, Marketing assistant at Handy Cleaners
When you start a domestic cleaning business, it's likely you'll do much of the cleaning work yourself, with the opportunity to hire experienced and skilled cleaners and take a step-back later on. Having the state-fo art cleaning equipment is the best way for you to gather some new, repeat customers. You can always count on your friends aand relatives to suggest your cleaning to business to their colleagues at work, and, suddenly, you have a lot more jobs to do.
Business Coach and Marketing Specialist at Straight Talk Group
Owner at Startup Chucktown