Business Law: The Power of (The Right) Attorney ...
Here's how to avoid the 'frogs' and find the legal ace who's a
proper match for you.
By Nina L. Kaufman, Esq
Working with a lawyer is similar
to having a lover: The right one can enhance your life immeasurably;
the wrong one can prove disastrous. Like lovers, as well, we like to
think we can do without them . . . until we can't.
The right attorney empowers your
business life by providing the right mix of sound advice and
sounding board. The wrong one breaks your budget, doesn't listen to
your needs and doesn't return your phone calls. So how do you avoid
the "frogs" and find the right business attorney for your needs?
Know Your Needs
As with all other relationships,
first you must know what you need. Attorneys aren't mind readers
(although it helps if they are somewhat proactive). You have to
understand your business and communicate that, ideally through some
form of written business plan.
Here are some of the things you
need to know about your company--or be prepared to explore--to use
an attorney effectively:
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Your industry
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Your target market
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Your time frame for
particular projects or for resolving issues
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Your budget for legal fees,
both in the startup phase and ongoing
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Your products or services
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Your location--and that of
your customers
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Your work force development
plans
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Your ideas for business
growth
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Your strategy for exiting the
business
Attorneys can help by spotting
legal issues and anticipating possible snags you'll want to address
so your business runs smoothly.
Find the Attorney Who's Right for You
Like lovers, lawyers come in all
shapes, sizes and strengths. Some work with big firms and staffs
large enough to rival a small American town. Some have solo
practices. Some charge $800 an hour. Some work on a project-fee
basis. Some know one specific area--such as animal law--very, very
well. Some are familiar with a number of business-related issues.
And then there's that elusive quality of . . . chemistry. A lawyer
will become one of the most valuable members of your trusted advisor
team. This has to be a good fit.
Here's how to
find one who's right for you:
Shop around. Ask entrepreneurial
friends and colleagues for their recommendations. Check out referral
services through your local bar association. Look for attorneys
involved with your trade association.
Here's what you don't do:
Don't pick someone randomly from the Yellow Pages. Don't use your
brother-in-law, whom your sister arm-twisted into giving free legal
services. Don't use your college roommate whose practice focuses on
maritime law (especially if your business has nothing to do with the
sea). And don't hire someone without at least meeting or speaking to
him or her first. Why? Chemistry.
I'm reminded of the old joke
about the picky man who couldn't find a wife. Any woman he married
had to meet the 99 qualities on his list.
His mother was beginning to
despair of ever having grandchildren until he burst through the door
one day and said, "Ma! I've found her! A woman who meets all 99
qualities on my list!"
Overjoyed, the mother exclaimed,
"That's so wonderful! When's the wedding?" "Wedding?" replied the
son. "I can't stand the witch!"
Similarly, you could find an
attorney with the right qualifications "on paper," but being in his
or her presence makes you want to scream. Or run away. Or do
something--anything--other than have a working relationship with him
or her.
Interview Intelligently
You don't always meet "the one"
the first time out. So it's worth interviewing several candidates
before making your choice. Ask any questions that will help you
pre-screen whether the lawyer is right for you and your business.
Some questions include:
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What is your experience with
the issues I'm facing? How many of your clients are "like me"
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How have you handled matters
like mine? What are the possible outcomes?
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Which staff members will
actually be assigned to my work? What is their level of
expertise?
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How do you charge? Is there a
charge for any consultations?
-
What's a ballpark figure for
my total bill?
Then consider the impression the
attorney made on you. You want to feel impressed, not intimidated or
indifferent. Your business deserves the best, so make sure your
attorney has "the right stuff."
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© 2004-2010 The Legal Edge LLC. Nina L.
Kaufman, Esq. is an award-winning business attorney, author,
and speaker. Under her Ask The Business Lawyer umbrella,
Nina offers easy-to-understand business law resources that
protect small businesses and save them money. To learn more,
and receive our FREE "LexAppeal" ezine, visit
http://www.GreatBusinessLawTips.com or contact
Contact Us. This article is for your
general information only. Be sure to consult with an
attorney regarding your particular situation to make sure
you get the specific advice you need. |
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Nina Kaufman, Esq.
Award Winning Business Lawyer, Author & Speaker |
