Benefits of Having a Corporate Attorney on Retainer
July 02, 2015
How hiring an attorney on retainer will save your business money.
Is your company growing? Are you finding that you are dealing with far more contracts than usual, or that legal issues are arising? You don’t want to run the risk of damaging your business, so you need to get professional help. One of the best ways to do this is to have a corporate attorney on retainer. They are beneficial to have when you are getting your business off the ground, as well as when you are trying to grow your business and stay on the right side of the law. Working with a corporate attorney offers a number of advantages.
It’s More Cost Effective
When you have an attorney on retainer, they will always be available to you with your business when legal services are needed. Many people worry that working with an attorney is simply going to cost them too much. However, you have to look at the other side of it. How much could you potentially lose if you do not have a corporate attorney working with you? If you make a decision without the advice of an attorney, and it turns out to be the wrong decision, it could potentially destroy your company or give your business a negative image.
Having an attorney on retainer provides immediate legal advice, so you will not have to worry about setting up an appointment and receiving an answer in a week or two. The help you need is just a phone call or e-mail away.
When you use a retainer, you are generally paying a monthly fee for the legal advice and assistance that is needed. This means that you are not paying an hourly fee, and you will not be charged every single time you pick up the phone to call the attorney. Hiring a corporate attorney on retainer is a more cost effective option than hiring a full time attorney, particularly for small to medium sized businesses that have a number of legal questions, conundrums arising up each month or simply questions about day to day operational matters.
Having a retainer also means that the company is able to determine their legal expenses more accurately. They know how much they have to spend on the retainer fee each month, so they are never blindsided by a large and unexpected legal expense.
You Can Reduce Your Risk
When you have an attorney on retainer, you can ask them questions that you may have let pass by if you had an hourly fee associated with it. This means you will be able to get actual answers that can mitigate risks for your company and keep your business safe from a legal dispute.
Having a single attorney, or a single firm, on retainer will mean you will not have to start a search for someone new who can help you when a problem arises. The attorneys on retainer will always be there for you, and it allows you to build a better working relationship with them and they will be quicker to mitigate any potential issues.
Working with an Attorney
When you are searching for an attorney that you can put on a retainer, you need to consider a few things. You may want to work with an attorney who specializes in business or corporate law, a firm that has broad knowledge and extensive experience to protect your business. Your attorney should service almost as a partner, assisting as much as possible to avoid any potential roadblocks so that you as the client can reach your business goals.
Click here to contact the result driven law firm of Chane Socarras, PLLC to learn more about the benefits of having a corporate attorney on retainer.