The Value In Hiring a Lawyer
Many people believe that hiring a lawyer is an unnecessary cost and that the ends does not justify the means. Small business owners often cut corners on legal expenses opting to try doing things themselves, but doing so can have dire consequences and end up costing far more down the road.
Don't Be Penny-Wise and Pound-FoolishWhen you own your own business, every dime that goes to someone else is a dime out of your own pocket. Legal fees seem to be one of those expenses that you can always cut back on, and many business owners do just that, thinking that they can save a few hundred dollars by drafting their contracts themselves. Unfortunately, having a contract in place that was not created by a lawyer usually has major deficiencies that can cause huge problems down the road. What was once $1,000 in legal fees to a lawyer can end up costing five times that or more in liability and judgments.
Know What You Are Paying ForMuch of the skepticism surrounding hiring a lawyer stems form the assumption that you are paying for nothing. When you walk into the store and grab a box of cereal off of the shelf, you have a tangible product after you checkout. You know what you bought because you can hold it in your hands and this makes it easier to purchase something in retail. But when you hire a lawyer, you are not grocery shopping so the same rules do not apply. Hiring a lawyer is hiring someone to protect you fro liability, save you money, and fight for your rights and interests. You are paying for a service and the commodity is inherently intangible. You are not paying for a guarantee of success; rather you are paying for peace of mind and confidence. Once you realize that you will not have something to hold in your hand, you will begin to treat your legal interests quite differently from your morning Wheaties.
Talk To Your Lawyer & See The ValueWhen business owners get a bill from a lawyer, they groan with disappointment and frustration because they see it is as throwing money out of the window. This is usually because clients rarely hear from their lawyers until the work is done and even then, getting a hold of your lawyer (as opposed to his/her assistant) takes an act of Congress. Be smart in choosing your lawyer in the first place. When you first make contact, did you speak with the lawyer immediately or were you pushed around from person to person? Does your lawyer respond within 24 hours to emails? Do you have an alternative means to communicating with your lawyer on the weekends and during evenings? The lawyer that makes him or herself always available to his clients is the type of lawyer who clients can rely on and in turn, see value in hiring.