The chances are, the next time you’re involved in a commercial transaction, you’re going to need assistance from a lawyer.
But how do you go about finding the right lawyer for you and what should you be looking for?
Price is always going to be an important consideration and whilst I would caution against making this the sole factor in your decision (as the cost of getting it wrong can far outweigh the money you save), don’t be afraid to have a frank conversation about fees at the outset. Most lawyers will appreciate the need for certainty and transparency when it comes to fees and there’s an emerging generation of lawyers who are embracing advances in technology, finding more efficient ways of working, and passing the cost saving on to their clients.
But it’s not just price that you should be thinking about. It’s crucial that you find a lawyer that you like and with whom you believe you can build a strong working relationship; someone who speaks the same language but whom you can trust to give you the right advice when you need it (rather than telling you what they think you want to hear). In addition, try to find a lawyer who takes a genuine interest and who is willing to invest the time in understanding what matters most to you, as this will enable them to anticipate the issues and to add real value.
In today’s fast-paced business environment, you’re going to want a lawyer who is communicative and responsive. There’s nothing more frustrating than a lawyer who never answers the phone and doesn’t respond promptly to e-mails. Some people feel bad about chasing their lawyer for an update but this is your prerogative and, in any event, your lawyer should be on the front foot, talking to you regularly and keeping you up to speed with developments.
Lastly, and perhaps the most important point of all, make sure you take the time to find a commercial lawyer who is a specialist in their field and who has experience in dealing with the sort of transaction that you are about to enter into. It might sound obvious but you should be confident that your lawyer can navigate around the complex issues which might arise and find the solutions needed to get your deal to completion as smoothly as possible.
For further information please contact Arash Dinari or call 01752 663295.